The Secret of Successful Trading

"Successful traders have a larger edge and better money management than unsuccessful traders. Unlike popular belief however, this study shows that the smaller edge of successful traders is not the cause of their failure. Traders' failures can be explained almost exclusively by their poor money management practices."

"The Secrets of Successful Trading", Fernando Diaz

Friday, March 6, 2009

Short entry 00:00

this short was open exactly at midnight, 12AM! the short was based on the fact that price had pulled back to the daily pivot and also forming a triple top. it was further confirmed with the inverted hammer signal and the break away sign after the inverted hammer.
this trade maximum potential was 25 pips ++ before pulling back. i was average 11+
well, i guess thats it for today, very sleepy.
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