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Old 01-16-2009, 09:00 PM
PaulKing PaulKing is offline
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Join Date: Oct 2008
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Funny things these pips

Hello Traders,

Thanks for your words of encouragement (nice to know the supergirl took exactly the same trade - thanks for the honest sharing Nicola). Bill, I used to be a big fan of positive thinking & visualisation too - I really like your last post, thank you so much.

Great retracements on the yens this morning, after the usdcad (first part +14, second +3). I took all three of the yens (eur, gbp, usd) part closed eur +30, stop to be, then it all changed got out of usd scratch, but gbp cost me 30. Looks flat then, unfortunately the loss was full stake and the winner only part, so pips scratch, cash minus.

This afternoon the cable short was brilliant (almost 150 I think), but I totally missed it as I thought it was about time to pay attention to James & try to learn about indices!

So, as Rockie started last week (and Nicola has taken up too) the total for this week for me is 250 pips, however because of part exiting winners, but losers going at full stake, this is really only equivalent to +3 pips. In money terms my start balance is the same as my finish

Which makes me wonder, does any-one 'part exit' losing trades in the same way we might part exit a winning trade at say, 40 pips, 60 pips, let the rest run?

I hope you all have great weekends and I will see you in a week’s time in the live room (no internet access for me next week during the day, but I will check this thread at night, so am hoping Nicola will keep me up to date).

Paul
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