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makila · 01-05-2008, 07:01 PM

I also think its irresponsible to blow up 8 million $$ of other peoples money.

The only strategy that worked over the years when trading forex is accept a loss when it happens, and close the trades even if it hurts. Statistics of the past learned me that keeping positions floating/open hoping to recover losses has been lead to a disaster in 99% of all cases. You really have to close a loosing trade ASAP and accept the loss and just recover from it. This strategy lead to much less profit, but its the best and most effective one in my opinion.

01-05-2008, 07:01 PM	#20 (permalink)
makila Junior Crapper Join Date: Mar 2007 Posts: 97 Thanks: 2 Thanked 17 Times in 10 Posts	Re: Forex Managed Accounts LP I also think its irresponsible to blow up 8 million $$ of other peoples money. The only strategy that worked over the years when trading forex is accept a loss when it happens, and close the trades even if it hurts. Statistics of the past learned me that keeping positions floating/open hoping to recover losses has been lead to a disaster in 99% of all cases. You really have to close a loosing trade ASAP and accept the loss and just recover from it. This strategy lead to much less profit, but its the best and most effective one in my opinion.