The thing that is important as a trader is sticking to your plan. Folks, the more decisions you make once in a trade the more harm will come from them. In the long run you will be better off not playing with your plan. Listen, if your risk is defined and you are willing to take a 1-2% hit then let the trade develop. You will often notice that things take time to develope. You might feel like you're a hero by "MICRO MANAGING" your trade, but I can tell you that in the long run you will kick yourself.
If you're one who can't watch a position go against you then here is a tip. Just place your stop and shut down your machine... What is the worst that can happen? Well you get stopped out... Big deal. Despite all the crap you read in chat rooms, getting stopped out is part of the game and it happens more often then one thinks. Look, you have not a clue what people in chat rooms are doing and or even if they are live or not. Heck folks, plan your trade and trade your plan. Forget about the rest.
http://forex-trading4you.blogspot.com/2007/11/common-sense-guidelines-for-average.html
Tuesday, October 30, 2007
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