Tuesday 30 March 2010

Yes losses can happen


Hi Everybody,

Yesterday was a frustrating day with a few losses on the automatic signals alone.... The 3min Russell is a good example, where we had two -1R losses early in the day. These were partly made up by a small +0.8R profit in the last few minutes of trading.... But overall, it was a hard day....

And yes, hard days and losses do unfold. This is part of trading. Any Guru or software company who tells you that losses do not happen, then they have either never traded themselves or they are lying !

This is all part of the natural Cyclical Nature of Trading, that I talk about a lot...... and is how markets (and trading) unfolds in the “real world”.

Having said that, Advanced Traders could have done better, please see the Advanced Blog

Thanks, Steve