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Two Techniques to Maximize the Results of a Trade
The topic of today’s live session in the Trading Room was Trailing Stops and Multiple Lots. The topic generated some excellent questions and prompted this Post of the Day. Before we get into the trading of multiple lots, here is a cautionary note. Remember that each time a trader opens an additional lot, they take on more risk. For example, if a trader opens one position with a 100 pip stop, they are taking on 100 pips of risk. If they open three positions, they are taking on 300 pips of risk! Be certain that your account size can handle the risk that you are taking on. For information on how to make that ... (full story)
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