A blog charting my trades in forex. This is a brand new strategy that I have developed myself. So far it is working well, and people are free to take my suggestions and put them on their own account. Just remember that it would be YOUR decision to do so however!
Friday, July 13, 2012
Update to usdcad trade
The way that the current pair is heading at the moment has led me to movemy sl level to move my sl to break even. Why?
I think it was Benjamin graham (who taught warren buffet) that his first aim in his investing was not to make money, but ensure that he did not lose money.
For example, If you lose 50% of your capital, you need to gain 100% back to just break even!!! By setting the sl to break even ensures that anything you make is always going I be increasing you bank and not clawing it back.
Feel good in knowin that from here on in, this profit is 100% risk free!
With that knowledge it is much easier to make the right decisions!
Enjoy!
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