I've been trading for 12 years. The first 6 years trying to be the man that first landed on the moon. Picking tops and buying falling knife.
Not only did I hurt myself. I also almost bleed myself to death with 5 blown accounts to my name.
On the 7th year. Something changed. I didn't bother finding difficult market condition to trade. I just find currency pairs that ads trending and buy what has been going up and sell what is going down. No longer will I find range bound market that doesn't seem to want to go anywhere.
The old fallacy of letting profits run and cutting losses early still holds true.
Recently I've been playing with currency correlation and could possibly 10x my profits with just one signal. Unfortunately I don't have the balls to lose $200 to make $1000. The Canadian news releases last Fri.
So I'll add one of my own.
Whoever can stack trades in one signal wins.
Not only did I hurt myself. I also almost bleed myself to death with 5 blown accounts to my name.
On the 7th year. Something changed. I didn't bother finding difficult market condition to trade. I just find currency pairs that ads trending and buy what has been going up and sell what is going down. No longer will I find range bound market that doesn't seem to want to go anywhere.
The old fallacy of letting profits run and cutting losses early still holds true.
Recently I've been playing with currency correlation and could possibly 10x my profits with just one signal. Unfortunately I don't have the balls to lose $200 to make $1000. The Canadian news releases last Fri.
So I'll add one of my own.
Whoever can stack trades in one signal wins.
You're going to pay a price for every bloody thing you do and don't do