Wednesday, March 9, 2011

Full Stops


Having Full Stop Losses today and One Stopped Out. Follow My Rules Completely.
Last trade was accident and I just stopped it on par.
Trailing a little and stopped out just 3 ticks above.
Full Stop Triggered, done for the day. Total slippage for the day = -6 ticks.
Nett Losses = -$542
Tomorrow I'm ready for another losses,losses and more losses.
Lesson learnt:
1. Never Trust the Anchor Bar from Inventory Report. Faked Anchor Bar.
2. Get out if Chart making (if short) higher high and higher low.
3. Outside Bar -> Inside Bar = Careful
4. If I resumed trading, I might loss another $300, all because of False Anchor Bar.
I will resumed trading tomorrow until I losed everything.

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