DislikedCiao Soul good evening almost time to sleep here..but first i would like to say and send you a big thanks for all your precious advise and if i' m not to mutch unpolite i woud have onother question the last ..maybe hih hih hi....the most important i guess..what to do if the price retourn in the original direction (without make eough retracement for reach at least break even in relation with the other position)after close the second recovery position?so let s exaplane: -I open one position(buy) -the price goes in the opposite direction -i open recovery...Ignored
Yep, and this is the bit you have to get used to - you can hedge, hedge again etc as many times as you like. here's the thing though - you have to have something to hold onto as a basic truth - and that truth is the daily trend because 95% of the time the price carries on to that trend.
however even if it doesnt you can always add to the hedge and add to the original position too - this brings the line closer to you all the time withou actually increasing the open loss. That's what 500:1 leverage is for. this is also why you cannot make money without having money in the first place - this is also why i never take more than one sequence at a time, because you need that leverage.
It ain't about how much you make - It's about how much you keep.