so am I going to make money on this position EURCAD long ? i got in at a shitty price 1.42. or I should get the hell out on the first bounce. i should've just stick to index futures. where i am more consistent.
well...good for you my man. Just one concern...why hold a 10 yen loser for a 3 yen winner? Arnt winners supposed to be bigger than losers? At some point one has to decide that the position was a wrong entry - and if you keep doubling - tripling in and over leverage yourself, isnt there the risk of the roof blowing off your head one day? I am not an experienced trader like many on this forum...but these are some basic common sensical rules that I thought all successful traders adhere to. "..90% of my profits came from 10% of my trades" Richard Dennis