Not a good thing to do. Never throw good money after bad.
Do it the other way around instead. Set a goal for 100% profit and then add more money.
Never let a bad trade get the good of you. If you need to add money not to blow the account you are using poor Money management. Close the trade and go back and work through your
MONEY MANAGMENT!!!!
Speaking of course of own experience.
Do it the other way around instead. Set a goal for 100% profit and then add more money.
Never let a bad trade get the good of you. If you need to add money not to blow the account you are using poor Money management. Close the trade and go back and work through your
MONEY MANAGMENT!!!!
Speaking of course of own experience.
Had to deposit a few hundred dollars to keep me from being liquidated at 9 GMT.
Not something I wanted to do considering my current goals, but I believe this trade will drop back to at least within 25 pips of 1.3400.
I learned from my mistake, and that's the important thing, consciously not trying to run away from my errors, but if I can save myself from losing a few hundred dollars in the meantime, I don't see the harm.
