Support and Resistance Trading Forum

Re: Bad days
By:George Thompson
Date: 1/27/2011, 7:23 am
In Response To: Re: Bad days (Erich)

Thanks, Erich. I spent a great deal of time last night studying what happened yesterday. Your advice is the same conclusion I came to.

The other thing I decided is I let my stops become too big for my comfort. Small losses have never bothered me. But I had only four losses, but they were about 6 point losses each. Those could have, and for me should have, been stopped at 2-3 point losses. These trades were good set-ups, but within 10 seconds after entering, the trades went against me. I had plenty of time to get out with smaller losses.

My profitable trades are generally getting better and better. But, when I have a losing day, it is usually a bad one. After studying every trade day for the past two months, it is because I allow my losses to be too large.

Thank you again. Anyone else who has advice?

George

Responses To This Message

Re: Bad days
DeadlyDoggy -- 1/27/2011, 11:31 am
ONLINE COMMODITIES TRADING