Hi Everybody,
I just wanted to share with you all a nice and what was “at the time” a valid “manual” advanced trade, which did not unfold as anticipated. Again there are too many software soles people and so called Gurus who never show or even mention loses. I hope you should all know that loses can and do unfold, even when using expert and advanced analysis.
So does this mean that the analysis was wrong? Of course not, your aim on the losers is to control the loss and keep it small. As long as you do that you are doing your job correctly. This is why I wanted to post this losing example, to show and remind you all that losses can and do unfold. But your job as a trader is to keep them small, at just -1R in this example.
Thanks
Steve
I just wanted to share with you all a nice and what was “at the time” a valid “manual” advanced trade, which did not unfold as anticipated. Again there are too many software soles people and so called Gurus who never show or even mention loses. I hope you should all know that loses can and do unfold, even when using expert and advanced analysis.
So does this mean that the analysis was wrong? Of course not, your aim on the losers is to control the loss and keep it small. As long as you do that you are doing your job correctly. This is why I wanted to post this losing example, to show and remind you all that losses can and do unfold. But your job as a trader is to keep them small, at just -1R in this example.
Thanks
Steve
Posts
