Monday, September 1, 2014

1032 - not deep enough

Was thinking if I should enter the trade, there is an engulfing close to the support zone.
But I decided against it, as I felt it is not really inside the zone.
It still has to be a little lower. Then people will start to panic, and real action begins.

My other 2 trades are positive too. Seems like I have not lost for around 7 trades already.
And I also close one of my lots, even though it was only close to limit stop.

The reason is because of the advantage of multiple lots. I can take profit easier, knowing that I still have other lots in the trade. Having more lots gives me more freedom to make decision, as it is only a portion of it.

After I took the profit, the price went against me.

The main thing is that my trading became better after I learnt not to only trade with 1 lot. Having more lots allows you to be more flexible, and make decisions easier.

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