DislikedHi All today I faced a debacle with the ' USD/JPY' and like Dale said : "Damn" However I wanted to know a thing or two from this bad trade I have attached the trade screenshot here. 1) I had created a pending order for 0.05 lots the moment I got an alarm 2) then I started to monitor the charts 3) I saw the pips run from red to green 4) at that time I upped my lots to 2 via modify order (marked as '1' in the screenshot) 5) but then the pips went immediately to red & I reduced my lots to a safe (I thought) 0.01 lots (marked as '2') *but...Ignored
You may be well versed in taking this kind of approach, but I'm just a simple soul and I'm either in the trade with my predetermined trade size or not, once in it I manage it carefully by use of partial profit takes, and/or moving stops - I find it a lot easier to trade in a simple manner and avoid confusing myself.
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