Posts Tagged cut your losers

All the trading rules broken!!

All the trading rules broken!!

I haven't been trading enough this week so I was eager to get stuck in today. My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT)..  I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!! A

May 16, 2008 1 Comment Full Story