Dentalfloss
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10 days /tick
upthrust is retracing.not sure where to
upthrust is retracing.not sure where to
just to remind everybody
the trend is up.
good morning chaps
I a short FSTE 4875 ...stop loss 4900
target 4850
Morning ws. I am like a bad comedian at the moment..................very poor timing!
At least the markets keep allowing me to learn though, and lessons learned now (for free thankfully, as it is just missed profit) will hold me in good stead for years to come.
Happy trading.
it is a good sign my friend
getting the direction right is 50% of the trade
entry = 25%
exit = 25%
at least you are working on the entry and not direction which means you have progressed well
keep experimenting with entry techniques and you will get there, but always remember the reason for using a 25-30 point stop is to account for a bad entry as its the hardest part of trading.
solution:
one solution would be to average into your trade, rather than buy £1 per point, buy 4 lots of 25p per point in order to get an optimal entry
where do you get 25p entries on FTSE? IG offers £2 minimum contract?
You can phone up IG and ask them to reduce your minimum to 10p mate.
I did and they said, the minimum is £2 per pip. Does anyone here have a lower than £2 per pip contract size with IG Markets or Index?
good morning chaps
I a short FSTE 4875 ...stop loss 4900
target 4850
Are your stops generally in the region of 10-25 ?