maybe but well, it is ok to be stopped out with 23 pips loss, my other pos on other pairs are green so as of now fo rthe NY session, still making green pips. can't win every trade..
- #44
- Edited 11:47am Jun 25, 2008 11:35am | Edited 11:47am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #47
- Jun 25, 2008 11:55am Jun 25, 2008 11:55am
Originally posted by Austin168
maybe but well, it is ok to be stopped out with 23 pips loss, my other pos on other pairs are green so as of now for the NY session, still making green pips. can't win every trade..
- #48
- Jun 25, 2008 12:31pm Jun 25, 2008 12:31pm
- Joined Jan 2007 | Status: Trader | 1,407 Posts
This is one of the common misconceptions in trading...... people tends to think if they risk 1 to gain something higher what they risk, it's a good choice to take....
I saw people around the forums trying to forecast the top in EJ and shorting from 162 and after it go up they disappear and then come to say it's 164 and after it go up they disappear and come and say 165, then 167, then 167.9, then 168 then now they saying 169
the same thing in GJ and in UJ
I saw user in other forum shorting AJ from 92 and keep adding until now and crying
and after many many losing tries and when the trend goes more than 1000 pips and then drop they came and say "told you so told you so"
why they left this whole uptrend and they always try to pick the top
thats a point I never understand
why they always see it too high or too low , also that's what we will never understand
why they always try to take a trend from the most beginning, also that's what we will never understand
just don't try and keep them work for two reasons: 1. you'll get money, 2.they will know this by themselves sometime
