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Thread: Identifying Trades with DailyFX

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#7 (permalink)

09-23-2008, 08:48 PM

Matt Russell Matt Russell is offline

DailyFX Course Instructor

Join Date: Jul 2008

Posts: 206

Matt Russell is an unknown quantity at this point

Good trades/Bad results

For those of you not familiar with my baseball analogy, the key point I am making here is that we can have many confirmations, sound reasons for entry, and yet, the trade might still not work out in our favor.

Anything can happen in one individual trade. The key is to develop a sound trading strategy that will last for the long haul, not the next trade. Keeping this in mind should give you the proper perspective and help you manage the risk for each individual trade properly.

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