Sunday, January 25, 2009

Love To Swing?

Imagine going into a trade you have technicaly and fundamentaly observed. You concluded that its going BULL. You placed a trade and suddenly its came DOWN, hit your SL and then starts going UP.

What could be wrong?
Absolutely nothing.

What do you need?
A little calculations. Remember, 2% of your account on each trade. Work on your SL positioning.

Need Leverage?
No. You wanna swing if its going your way, so no need to be greedy. Greedy traders gets eaten up.

Most you trade everyday?
No. You could be in a trade for days. Just trailing and trailing. If you do not see a good entry point, DO NOT TRADE. "A no position is also a position".

SL and TP
After good analysis, enter a position (2%), minimize your LOT SIZE to enable you widen your SL(2%). After making the risk (2%), lock ur profit (Trail) and start swinging.

Exit
During a nice swing, you could sense reversal, lock ur trade to a good position or close the trade.

Profit
If a trade go your way, you could cover a week loss. So make more and make more.

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