What to do when your trade goes against you?

Just like it happened to me today, sometimes you enter an order, it gets filled then goes a little bit against you and gets stuck in a range. What should you do? After years of trial and error I finally convinced myself to take a loss and go home, so to speak. I know first … [Read more…]

Tu., Jan. 14 news trade results: -60 pips

The price did not move much on the news today. It just went down enough to get me on board before bouncing back. I just closed the position at 1.3678 for a round loss of -60 pips. Unfortunately, there is no way to win every day. When losses do happen I prefer to cut them … [Read more…]

Mo., Jan 13 trading results: +121 pips

There was a quick and sweet trade in GBPUSD today. Both profit targets were reached in a whim and I closed the third unit at 1.6353 making a nice quick profit of 121 pips The other orders are cancelled.