Hi All
just wondering wheather anyone has come across a thread dedicated to what not to do
found lots of info on what to do but in this game there are a lot of things that you just should not do
ie intraday trade between us close and asian open
why "because of wide spreads and slow moving market"
moving stop losses to quick because invariably it will retrace and stop u out and then carry on in the direction you new it was going in any way
I suppose if you can eliminate all the problem areas then you are half way there
You shouldnt be letting trades run 50 pips up and then go out for dinner only to find that its retraced and you are back to where you started but you have just had an expensive dinner bill to boot
If any one else has a few good stories on what not to do let the world know
just wondering wheather anyone has come across a thread dedicated to what not to do
found lots of info on what to do but in this game there are a lot of things that you just should not do
ie intraday trade between us close and asian open
why "because of wide spreads and slow moving market"
moving stop losses to quick because invariably it will retrace and stop u out and then carry on in the direction you new it was going in any way
I suppose if you can eliminate all the problem areas then you are half way there
You shouldnt be letting trades run 50 pips up and then go out for dinner only to find that its retraced and you are back to where you started but you have just had an expensive dinner bill to boot
If any one else has a few good stories on what not to do let the world know