Tuesday, November 1, 2011

Trading risk free! (eventually) Overnight position trade in the Euro: 50 Pips profit to 17 pips profit (risk)

NEVER let a winning trade turn into a loser. You need to pick and trade direction of the market, not pick tops and bottoms. When a trade moves in your favor, adjust your stop above entry (for long) below (for short), trade risk free! Here's an example. Best case, I'm waking up to 50 pips of profit, worst case, I'm making 17 pips of profit; no matter what, I'm waking up to money being made! This is the mindset you need when trading, NEVER leave anything up to chance! Lose your ego, be smart!

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