“Jane, an experienced trader, has had a few good months trading Forex. Her strategy is returning a pretty good profit. Her confidence is high. She thinks of making the good run count and starts playing with twice her normal position size. Unfortunately she has a string of losing trades and in a matter of days […]
Tag: Trade Management
One of the most important aspects of successful trading is knowing that your trading method has an edge over the market. Theoretically speaking an edge is defined as a set of conditions which when present gives a higher probability of a trade working than not working. These conditions can be based on price, indicators, chart […]
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Trade Management
Have you ever strangled a trade by a few pips and then see it motor along in your direction by hundreds of pips? Or failed to book profit at an opportune time only to see those profits evaporate quickly? I know I have. And if you have been trading for any length of time then […]