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

Tuesday, March 10, 2009

Short entry 17:01




The short entry was taken after taking into consideration the price had made a lower high in the H1 chart. zooming into the 5 min chart the lower high can also be observed. the trade did not immediately turned into the green but was realised after about 10 candles. maximum potential was about 20+ pips. i got out at around 14+
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