i have received a few emails from readers asking me to show my stop loss levels on my fx trading ideas. the truth is i do not have any. i personally do not believe in stop loss especially at this period when volatility is erratic, you will be stop out most of the time even though you are correct on where the market is going. so i usually control my risk by taking a smaller position and if i am wrong, i let the market takes it course and only cut the position when the market rebound and when my chart tells me so.
please note that everyone has a different style of investing and if you are comfortable with stop loss orders, please continue to do so. as for me, i will continue to trade without a stop loss and most importantly, YOU MUST BE MAKING MONEY FROM YOUR STYLE OF INVESTING!!!
No comments:
Post a Comment