{quote} Well done MasterrmindI am in the same trade, but unfortunately, my way to handle the trade was not so smart Two of the three positions have been stopped out with -250 pips and -48 pips The third position is still alive with + 186 pips I reviewd the chart to understand if and where I made mistakes and I frankly think that I can accept the loss My original stop where at 1,21751...after the new high of the 14 July, I thightened the stop at 1.23178 under the recent low ( with a breath of more than 300 pips from the price at that time )....
My second trade turned out to be the DD one after a big pullback in PA.
However, notice the importance of allowing the trade plenty of room to breathe and to play out.
Basically leaving the stop alone until the trade has run for hundreds of pips and then look to lock in at BE + pips.
Not every trade will run the same be it on the same pair or different pair and there will be times when a deep correction or pullback catches you out.
My aim is to demonstrate to other traders how I manage D1 trades.
By now every trader should be very aware of how much importance I attach to risk.
Risk control on the trading account is the most important element.
I will mention it again and again .... control your risk.
There will be another longer term trade example coming up very soon so be on the look out for it.
As always I will outline it in advance of the fact and trade it live.
Masterrmind............
Master your Mind then Master your Trades
