Week 1 – Update 3

So USDCHF went profitable and it looks like it’s about to turn down, so I sold it for a whopping $6, woo! So now I only have 2 trades left, AUDUSD and GBPUSD. My profit now exceeds losses if I were to sell everything right now, hopefully it stays that way! $400 profit locked in, remaining positions down just over $200.

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~ by yarcofin on July 16, 2008.

2 Responses to “Week 1 – Update 3”

  1. One step closer to not having to work a normal job.

  2. It seems like you are doing it correctly. When your trades are open, look for exit points; not another willy nilly entry points. If your EUR/USD trade is open, next goal is to look for exit point, not open another EUR/USD trade. But this is how 90%+ of traders trade and always wonder why they are losing money… that and their really tight stop/loss sets. Also, trailing stops results in losses and breakeven waste of time. If your goal is to be a full-time trader, don’t ever use stop/loss and trailing stops.

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