Quote:
Originally Posted by MiniMe
yes sorry I corrected the mistake, although it was correct in the previous sentence but some traders have strong eyes.
BTW these are bad results for a trader and I wasn't trading the account  look most of the days i did nothing no trades at all NONE .
Simple MM rules :
if you have a losing trade don't hold on to it, of you have a winning trade , try to make the best of it
when you lose trade less, when you win add to your win
risk no more than what you can afford to lose
if you think you can trade 4 lots that means you can trade 2 (always cut your trades into half)
Or listen to Kenny Rogers ( The Gambler ) Its a great song, cheaper than any forex lesson or book you can buy and it works well
YouTube - Kenny Rogers - "The Gambler"=
the song was written by Don Schlitz, the name reminds me with famous Gambler here  who claims to be a trader |
Many wise words to trade by MiniMe. Thank you for sharing your experience, I'm sure you have made plenty of mistakes before you arrived at your wisdom.
Do you have any other wise words to trade by? Question, when you stop out a losing position, on your next trade you decrease your lot size? Then, if a position stops out a winner, do you increase your lot size?