At this stage in order to survive you really have to play defensively and protect your capital no need to be a hero. So in this regard I've decided to cut my trade size in half and also after I see the market moving in my direction I move my stop loss at break-even as soon as the market gives me some room. On my last trade that is precisely what I've done and even thought at one point I was about 50 pips in profit the market reversed and has gone the other way and in the end I was stopped out at BE+.

However this could have turn into a bad trade if I didn't played it this way. So overall I'm still happy with the outcome. Right now need to look for other opportunities but I'm not going to force the market and I will be only looking for quick profits.



Best Regards,
Daytrader21
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –