Agree with stop losses but think it depends on the trade risk reward ratio

Opportunities present themselves with different probabilities of success, as long as you're able to take small hits on the losses (like your 1% stop loss is a part of) and get some bigger wins then overall you make net gains

Posted By: essexcanaryOTBC on August 5th 2015 at 14:50:16

Message Thread

Anyone here trade Forex? (n/m) (General Chat) - essexcanaryOTBC, Aug 5, 14:24:46
- I've just rebounded a Forex business (General Chat) - pieman63, Aug 5, 15:14:36
  - Spot on, much weaker markets out there.... (n/m) (General Chat) - usacanary, Aug 5, 17:27:05
  - Yep because like casinos they can keep playing whilst others are wiped out (General Chat) - essexcanaryOTBC, Aug 5, 17:01:36
  - Rebranded (n/m) (General Chat) - pieman63, Aug 5, 15:14:53
- I am teaching myself with help of a friend (General Chat) - Tony Martin, Aug 5, 14:43:44
  - Oh cool well done, thanks (General Chat) - essexcanaryOTBC, Aug 5, 14:47:29
- Always seemed risky. I have no knowledge that the rest of the market doesn't have (General Chat) - Old Man, Aug 5, 14:31:25
  - A lot of trading is about pyschology and risk/money management (General Chat) - essexcanaryOTBC, Aug 5, 14:46:16
    - All about capital retention (General Chat) - Tony Martin, Aug 5, 14:48:23
      - Agree with stop losses but think it depends on the trade risk reward ratio (General Chat) - essexcanaryOTBC, Aug 5, 14:50:16
        
        Yup. you can be wrong more than you are right and still be profitable (n/m) (General Chat) - Tony Martin, Aug 5, 14:52:47
        
        And as you gain experience it becomes easier to spot the higher probability set ups (General Chat) - essexcanaryOTBC, Aug 5, 15:01:55

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