Daily Tips:
I strongly believe that there are 2 main reasons why Traders are losing money in this Market:
#1 They Fail to properly Identify the Current Trend in the Market ( There's a Difference between Market Sentiment and Market Direction)
#2 They use a very small or fixed Stop-Loss ( It's best to put your SL 5-10pips above the Recent High or Below the Recent Low)
Make no mistakes there might be other reasons, but from a Technical perspective, this is what I came up with.....You can't get rid of your
Emotion, just learn to use it to your advantage...
My Day-Trading Hours is done today, and I will be looking for more Opportunities during London Session and Early New York Tomorrow...
Note: I was thinking about Trading CAD pairs, but it's just too late for me .... Keep your eyes open on AUD pairs during the Asian Session
Have Fun in the Market Guys!
OctaveJay
I strongly believe that there are 2 main reasons why Traders are losing money in this Market:
#1 They Fail to properly Identify the Current Trend in the Market ( There's a Difference between Market Sentiment and Market Direction)
#2 They use a very small or fixed Stop-Loss ( It's best to put your SL 5-10pips above the Recent High or Below the Recent Low)
Make no mistakes there might be other reasons, but from a Technical perspective, this is what I came up with.....You can't get rid of your
Emotion, just learn to use it to your advantage...
My Day-Trading Hours is done today, and I will be looking for more Opportunities during London Session and Early New York Tomorrow...
Note: I was thinking about Trading CAD pairs, but it's just too late for me .... Keep your eyes open on AUD pairs during the Asian Session
Have Fun in the Market Guys!
OctaveJay
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR