Just when you think you know it all, someone proves otherwise.
I had told you guys about a webinar that Jason Alan Jankovsky was hosting. It really was great. Very insightful and filled with information I never gave much thought about. The first element he spoke about in regards to the market place and trading forex, is time. It takes approximately 72 hours for a trade to really mature into the trade you had expected. I dont know about you, but there have been countless times where I got stopped out only to see later, it turned around and went in the direction I wanted. Then of course, Im looking at the damn thing a few days later, and with a curse and a mutter, it turned into a coulda shoulda woulda thing. GEEEZ, how many times!!!!
Ask these guys for a recording of this webinar, it's free
Now of course, I'm thinking I might have to adjust my trade size. Most of us stop out after 20-50 ticks, right? So what if we adjust our trade size down to a fraction of what we normally trade. You're thinking, well, I usually only scalp (me too) 5 here, 15 there, so on and so on. His thinking is more like weeks to months. He looks to get 400 or more out of a trade. For me, that would take quite the effort, psychologically. But think about it, if all this is true and attainable, the small amount traded would certainly be made up for in the number of pips in profit. I can go on and on but what I suggest if go to this website and register for a free one week trial. In doing so, you will be able to talk to Jason via his daily broadcast.
I have a blog whereby you can read about, follow my trades and other cool entries like the one above. go to http://daytraderu.blogspot.com/2014/...nown-fact.html
I had told you guys about a webinar that Jason Alan Jankovsky was hosting. It really was great. Very insightful and filled with information I never gave much thought about. The first element he spoke about in regards to the market place and trading forex, is time. It takes approximately 72 hours for a trade to really mature into the trade you had expected. I dont know about you, but there have been countless times where I got stopped out only to see later, it turned around and went in the direction I wanted. Then of course, Im looking at the damn thing a few days later, and with a curse and a mutter, it turned into a coulda shoulda woulda thing. GEEEZ, how many times!!!!
Ask these guys for a recording of this webinar, it's free
Now of course, I'm thinking I might have to adjust my trade size. Most of us stop out after 20-50 ticks, right? So what if we adjust our trade size down to a fraction of what we normally trade. You're thinking, well, I usually only scalp (me too) 5 here, 15 there, so on and so on. His thinking is more like weeks to months. He looks to get 400 or more out of a trade. For me, that would take quite the effort, psychologically. But think about it, if all this is true and attainable, the small amount traded would certainly be made up for in the number of pips in profit. I can go on and on but what I suggest if go to this website and register for a free one week trial. In doing so, you will be able to talk to Jason via his daily broadcast.
I have a blog whereby you can read about, follow my trades and other cool entries like the one above. go to http://daytraderu.blogspot.com/2014/...nown-fact.html