Global Broker governance & inquiry App
Broker Search
English
Download

Hong Kong

2020-07-16 14:40

Send to phone
EASome thoughts and lessons learnt so far 5
The third point I will make for now is my personal experience and might not be that universal: Widen your stop loss! I have been very guilty of trying to take a trade with a very optimistic SL and a larger than otherwise lot size, hoping that the price will only move in one direction. Unfortunately most of the time this is not how the market moves. If you have your SL at a reasonable and calculated level, then if the price hits it, there is a good reason for it and the trade was probably bad. It will be so frustrating for both your mental energy and your bankroll if your SL is hit and the price then moves in its original direction. Make sure there is enough wiggle room for this to happen. Let me know your thoughts, if this is popular I may follow up with a part two. Thanks, Happy trading!
Leah Ludenyi
Brokers
--
--
--
--
--
--
--
Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

Some thoughts and lessons learnt so far 5
Hong Kong | 2020-07-16 14:40
The third point I will make for now is my personal experience and might not be that universal: Widen your stop loss! I have been very guilty of trying to take a trade with a very optimistic SL and a larger than otherwise lot size, hoping that the price will only move in one direction. Unfortunately most of the time this is not how the market moves. If you have your SL at a reasonable and calculated level, then if the price hits it, there is a good reason for it and the trade was probably bad. It will be so frustrating for both your mental energy and your bankroll if your SL is hit and the price then moves in its original direction. Make sure there is enough wiggle room for this to happen. Let me know your thoughts, if this is popular I may follow up with a part two. Thanks, Happy trading!
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com