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nhrycun · 08-07-2005, 10:26

That would be scarey, not having a stop. What I did... I got stopped out in the move, when the momentum started to turn down I then sold the Eur/Usd again and made back what I had lost as well made a boat load more. I could never let that move go with out a stop. I trade to much capital in one trade to let a move that big go against me. The only way to keep moves like that from triggering stops would be to trade less capital and in that situation would have been place the SL above the high at 1.2118 for June 30. Then you would also be a long term trader, which I am not.

In short, I would suggest never trading with out a plan. Which means a projected take profit and a projected stoploss. If a ship with out a captian can not get out of the harbour, how is a trader going to make money with out a plan.

08-07-2005, 10:26	#3
nhrycun level 1 Join Date: Jan 2005 Posts: 4 Downloads: 0 Uploads: 0 Rep Power: 0	Re: No set stops That would be scarey, not having a stop. What I did... I got stopped out in the move, when the momentum started to turn down I then sold the Eur/Usd again and made back what I had lost as well made a boat load more. I could never let that move go with out a stop. I trade to much capital in one trade to let a move that big go against me. The only way to keep moves like that from triggering stops would be to trade less capital and in that situation would have been place the SL above the high at 1.2118 for June 30. Then you would also be a long term trader, which I am not. In short, I would suggest never trading with out a plan. Which means a projected take profit and a projected stoploss. If a ship with out a captian can not get out of the harbour, how is a trader going to make money with out a plan.