Never Let A Winner Turn Into A Loser

[andy003]

The Forex markets can move fast, with gains turning into losses in a matter of minutes, making it critical to properly manage your capital. There is nothing worse than watching your trade be up 30 points one minute, only to see it completely reverse a short while later and take out your stop 40 points lower. You can protect your profits by using trailing stops and trading more than one lot.

[Pinalli]

Good point! There are good day and bad days, there are good weeks and bad weeks, there are good months and bad months. Don’t let a bad day, week, or month put you down. Learn not to measure results in the very short term. Many traders give up after having three or four bad days. Don’t! Know that its part of the business. Hang in there, manage your money well, be persistent and I promise you it will pay off!

[Sofia]

thats correct, Control on your emotion, over trading, patience are all the keys.

[Pinalli]

yes these are also crucial factors. Good to know that.