USDCHF LOSS

USDCHF LOSS
11th October 2016 contacttf
Traders are right more than 50% of the time, but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce a risk/reward ratio of 1:1 or higher.

1, 5, 30 and 60 min charts were lined up.

I closed for a loss. The chart did not dip as expected. I made 2 mistakes.

A: I did not get into conclusive resistance point.
B: I waited fa too long to close trade. The dip did not happen fast enough, and the cloud was a warning also.

When your trade goes against you, close it out. Take the small loss and then try again later

0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*