I think you’d like this story more.
This one is about a trader (perhaps you?)…
Limit the downsideThis trader doesn’t move his SL too soon, because he knows that he needs to give the market some room to breath. Otherwise he could get stopped out, and then see the market move in the intended direction… and he knows that it is not a very pleasant experience…
limit_downside_risk_when_investing_sign_t_shirt-ra6a035c9dc734920a3a5dc81ed40f75b_804gs_512.jpg
As soon as this trader see no point in holding his trades, he will gets out of them. He accepts the fact that it wasn’t the right time to trade it, moves on and keeps looking for more trade opportunities (perhaps in other currency pairs?).
This one is also a trader that doesnt take profits too soon. He knows that he needs to take advantage when the market moves in his favor. In fact, instead of taking partial profits, he thinks about adding to his trade (of course, provided that he gets a new signal based on his system).
And he always uses SL orders. Why? Because he knows that if he doesnt use a SL order, and the market does unexpected things… het could wipe out his trading account with just one trade. And that’s not fair, he has been working and trading so hard to take his trading account to where it is right now.
I thought you’d like this story more… What do you think?
This one is about a trader (perhaps you?)…
Limit the downsideThis trader doesn’t move his SL too soon, because he knows that he needs to give the market some room to breath. Otherwise he could get stopped out, and then see the market move in the intended direction… and he knows that it is not a very pleasant experience…
limit_downside_risk_when_investing_sign_t_shirt-ra6a035c9dc734920a3a5dc81ed40f75b_804gs_512.jpg
As soon as this trader see no point in holding his trades, he will gets out of them. He accepts the fact that it wasn’t the right time to trade it, moves on and keeps looking for more trade opportunities (perhaps in other currency pairs?).
This one is also a trader that doesnt take profits too soon. He knows that he needs to take advantage when the market moves in his favor. In fact, instead of taking partial profits, he thinks about adding to his trade (of course, provided that he gets a new signal based on his system).
And he always uses SL orders. Why? Because he knows that if he doesnt use a SL order, and the market does unexpected things… het could wipe out his trading account with just one trade. And that’s not fair, he has been working and trading so hard to take his trading account to where it is right now.
I thought you’d like this story more… What do you think?
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