Posts Tagged spreadbet
When you suffer a loss trading, your confidence takes a beating and this can cause you to make a mistake and lose. However, in hindsight, the below trade I placed on the DOW was a great entry but my stop was way too tight and I felt that this was probably because of the previous loss on USDCAD which made me more nervous than usual and I put the stop way too close to the previous resistance level at 10915. My stop was at 10920 and ideally at least should be at least 20 points away from the previo
December 19, 2011
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Obviously not content with my paltry 6 pips from my EURUSD scalp, I thought I'd try my luck with a more volatile beast, the Crude Oil futures. The trade was a very simple on and off support at 9865. You can't see it from the 5 minute chart but the support line was actually last weeks highest point. I expected a bounce from here so took the long trade and got out with 39 points.
The market soon collapse after this and if I had taken a short, I would have been laughing.. as
November 28, 2011
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Today I entered short on Gold after seeing a breakdown in the price action. My stop was in the correct place but what I hadn't anticipated was how much money I could have lost when I placed the trade.
I only realised what I had done after I had placed the order and it got triggered. I usually can deal with a 100 point (or pip) loss which amounts to around 2% of my capital. However, I had gone in at the same stake size as my normal trades but my stop was also the equivalent of 250 pips away wh
September 16, 2011
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