Posted by: joetradingplace | February 15, 2013

4 losing weeks

Just looking at the trading perfomance, we have had 4 losing weeks since week ending 18 th January up to last week, amounting to a loss of 380 pips , but one winning trade this week has covered for all these loses and we have made new equity highs…we managed to bag 460 pips on the eurjpy short. This shows the effectiveness of cutting loses and letting profits run. There is a thin line between giving trades room to breath and cutting loses quickly.

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