View Single Post
Old 09-08-2011, 13:52
Johnnykanoo's Avatar
Johnnykanoo Johnnykanoo is offline
Join Date: Jul 2011
Location: Manchester, CT
Posts: 186

looks like eur/usd is redeeming herself! 2 Trades both winners now we are only -105 in the hole for her this week.

Seriously I think we are going to be fine. If there is any concern than the only logical thing to do is reduce risk. The only negative thing is if you reduce risk after a full stop loss like this than it will take longer to recover.

A perfect example is eur/jpy we hit a full stop loss on 8.4.2011 and since than it has been all green pips. If I had reduced my risk to much I would not be able to recover.

Also note that by keeping risk reduced it will protect your account now and in the future. If we hit a stop loss with only 2% risk than we only lose 2% but if we have insane risk (like me) than we lose 10-15%
Reply With Quote