Comprehend exactly what position sizing is and utilize it. Stop loss is not your only tool for reducing threat. By readjusting your position size you can utilize it to strike a reasonable stop loss distance also. Take some time to find out the distinctions between stop loss and position sizing.
A GBP/AUD Swing Trade That Can Play Out 4 WaysDailyFXThe daily chart proves even more interesting, as the 0.618 Fibonacci retracement level, drawn from the segment marked on the chart, is coinciding with where price is at the 1.6657 price level. Although this taken by itself is insufficient basis for a ...and more »...A GBP/AUD Swing Trade That Can Play Out 4 Ways - DailyFX
You can constantly stick out of a trade, you have that personal right. If you are uncertain about your position of a trade, it is best to avoid of it. If you do not have sufficient info to make an enlightened decision, it's better to sit out of the trade than to make dangerous uninformed decisions.
Additional resource on Fibonacci Retracement
No comments:
Post a Comment