-25 pips
Monday, June 28, 2010
Monday
It would be more beneficial for me to trade all leveraged up to the max then to get stuck in averaging position which I don't want to close. When I average I hope, when I can't average I can't hope so I deal with reality. Anyway bad trading today. Bad market in which it isn't easy to trade. Slightly relieved because I trimmed my -100 pips loss, but it was just luck.
-25 pips
-25 pips
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4 comments:
Hi FX,
Did you prefer -100 then coming back to -25 to cut loss or cut loss early on -25 before it went to -100?
Same result, different pain :)
agree, but we always hope -25 will be +25...
RCM put it nicely.
But I must admit that I have one nasty habit and that is leave position on even when I stop believing that it would get back. At least last 15 pips of that averaging trade was in that mode. I capitulate, doesn't believe it will return but keep it anyway.
My averaging is only bad when I leave it on in that pure lottery ticket mode.
Yes,
Cut loss early sometimes more paiful too. I used to loss 25 ticks while market range only 15ticks.
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