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.
I ran a spontaneous experiment/game during 4M class. Volunteers are invited to take part in a challenge to hold a position until it reaches target or is stopped out. Participants are those who tend to close their positions prematurely. This challenge helps them to understand themselves/ master their psychology while I cover their risk.
This WTI winning trade protected by a break-even stop-loss order lost money when it was closed. We look at concept of CG and mistakes made.