Wednesday, 24 February 2010

3min NQ trades


OK, now we know that the trend was down into early afternoon, we can see that there were three sells on the 3min NQ, Two losses and one a Profit. But this is where Position Sizing comes in. Even with more losses than Profit, you come out on top overall. This is why I keep on saying why it is so important to keep your losses small and Profits large.

This is the real key to successful trading – small losses and large Profits

Thanks

Steve