It is easy to commit silly trading mistakes after a winning streak. We highlight 4 common mistakes and list 12 preventive steps to take for every trader.
This article is a must-read if you are 1) Good at trading but somehow always lose big. 2) Can score 3-4 winners each time but end up with net loss because of 1 loser. 3) You apply uneven positioning sizing to your trades. 4) You have the uncanny ability to be overweight with losers.
A stack of winning trades can become a loss suddenly if forex traders do not mind the average entry price. We explain the concept and demonstrate 2 charts.
We share this reader-submitted statement of EURUSD shorts. Individual made $20021.76 from 62 trades with 60% accuracy with mini-sized contracts.
This is a simple example to show how position size should be adjusted when funded currency and traded currency pair is different.