Costly trading mistake

Forex trading can reap you some great rewards...if you trade your plan. I didn't and it cost me some huge profits

http://www.atradingplan.com/

Category:

Education

Tags:

• forex
• fx
• trading
• trader
• profit
• Foreign Exchange Market

[MrBubbaSpazola]

Great lesson again..

[atradersblog]

@MrBubbaSpazola Appreciate it.

[bluetooth1232]

thanks for the video, after watching this video i have 2 questions that whether or not trailing stop is part of your plan? secondly with oanda do you ever faced stop hunt?.........................­...................regards

[atradersblog]

@bluetooth1232 Every trade is different. If you have sentiment correct, there is no need for a trailer. I do use break-even but is dependent on a few factors. Don't want to choke the trade. If trailing...need some objective place to put the stop such as behind a stack of orders. Never been "stopped hunted" but their spreads go nuts on news at times. Stop hunts are a search for liquidity. I don't think of hunts as a position attack. That is a limiting thought.

[bluetooth1232]

@atradersblog thankyou so much for your reply, learned alot from you!!!