Disliked{quote} I trade mostly everything. I like to get in at decent entries and to keep adding to the dips of the longer term and add extra lots to those additions. It worked well for Gold and ES so far but its hard since I got hit pretty hard last week with JPY. Im young so Im trying to build a portfolio and im somewhat impatient to earn more since I have a lot of debt to pay off from college. So far im trying to take out around $25 a day steady. Although If I kept that I could probably increase my lots and earn more, or simply destroy my account which...Ignored
If you use good exit management then you should not get big losses - there is no point sitting on a trade that has invalidated your reason for entry - that comes under the hope category, and if your trade needs a big stop to be proven wrong then surely the entry point is in the wrong place. I do not use big stops and I do not let loosers run away - and I never pay to go flat (some here call that hedging)
