Reply To: USDJPY

#7719
Cristian Ravalli
Moderator

Hey Daren,

Welcome to the club of self-sabotage! Our mind’s all work differently and there are different approaches to deal with that. Personally, I am one for objective rules, eg. price based or static trailing stop. I have written them into my trading plan over time so that I have no discretion to act differently. It did really make a difference. And yes, definitively, you should be more positive when you commit to a trade or if unsure trade lower stakes or drop the idea and just follow it. At least, that’s my two cents towards this topic.

I think though, that minimizing any potential hits while giving you a chance to participate in larger market moves is the way to go. Remember, it’s all about RR.

Comments Off on Reply To: USDJPY