DislikedThank you Strat for your comments. I have posted this risky trade so you could teach me and of course many others who will read this. I will try to take these trades away from this thread and keep them for myself, and later decide for myself if I want to keep them at all.Ignored
Did you READ this? Did you UNDERSTAND it?
We are PROFESSIONALS and PROFESSIONALS look for a reason NOT to take a trade
We are NOT Amateurs. Amateurs manage money by taking RISK. PROFESSIONALS manage RISK by taking money.
Risky trades are for amateurs - the LOSERS. We do NOT teach RISKY trades. We teach LOW RISK, HIGH PROBABILITY, STRESS FREE TRADING.
What is your logic for taking a "risky" trade when there are other low risk, high probability, stress free trades to take?
READ this again, but this time, UNDERSTAND it:
We TRADE TO LIVE. We are NOT like others who LIVE TO TRADE.
We need PATIENCE to wait for and "SEE" opportunities
We need DISCIPLINE to act and trade on such opportunities
Trading is our BUSINESS - we cannot afford to take "risky" trades. If you were a skydiver, would you RISK jumping without your emergency parachute?
If you "keep" your "risky" trades, there will be nothing left of you to take low risk, high probability, stress free trades.
15 YEARS OF PASR ON FOREX FACTORY!