Futures :: Forex Trading

Tight Stops are Hurting Profits

My tight stops are killing me on days that the market runs in one direction. This is the 2nd or 3rd day when the market moves straight up or down off the open and I have all losing trades.

Looking at the chart today it almost looks impossible to buy 4 times and lose money, but that's what I did.

On the slow days the short stops save me money, on days like today they cost me a lot.

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ran across this site: www.eminidaytrader.com

Thought it was interesting, but ran into this review
http://www.elitetrader.com/vb/showthread.php?threadid=128641
which says their are problem with their system and getting it to work for you.
The people trying it out did not make any money with it.

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http://juzjules.blogspot.com - reading this blog about a newer trader starting out.

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Gordon Gekko: You're walking around blind without a cane pal. A fool and his money are lucky enough to get together in the first place.

- Wall Street

Wednesday, August 12, 2009