Our final trade for Friday 11-7
We acknowledge that this is not for everyone
as it is evening in London and people have lives to live
for those who may want to obtain this kind of reward
THIS is the cost in time, and of course there is very real
risk involved as well
This last trade of the evening was profitable at +20 if held
The reason we held (it is 1pm in the afternoon here) is that
the bar use to make that judgement show 61k contracts to buy
lifting the market.
One last item to consider from our mentor. We asked him whether
this kind of trading was considered "aggressive", and he replied "yes it
certainly is" and "I have lost money on occasion with this trade."
When pressed further about this, he suggested the following
"Generally speaking, "aggressive trading works well if you are skilled
and simply realize that sometimes you will lose. It's the world in which
we operate. We are paid to take risk. The best traders I know tend to
be aggressive and like professional athletes, they learn not to let the
periodic losses injure them emotionally. Just stay within the parameters of
your account size. Never risk more than 1 or 2% max.
Good Luck
We acknowledge that this is not for everyone
as it is evening in London and people have lives to live
for those who may want to obtain this kind of reward
THIS is the cost in time, and of course there is very real
risk involved as well
This last trade of the evening was profitable at +20 if held
The reason we held (it is 1pm in the afternoon here) is that
the bar use to make that judgement show 61k contracts to buy
lifting the market.
One last item to consider from our mentor. We asked him whether
this kind of trading was considered "aggressive", and he replied "yes it
certainly is" and "I have lost money on occasion with this trade."
When pressed further about this, he suggested the following
"Generally speaking, "aggressive trading works well if you are skilled
and simply realize that sometimes you will lose. It's the world in which
we operate. We are paid to take risk. The best traders I know tend to
be aggressive and like professional athletes, they learn not to let the
periodic losses injure them emotionally. Just stay within the parameters of
your account size. Never risk more than 1 or 2% max.
Good Luck
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