Personally I commend good ways of trading but equally to me what specy did was exactly how not to trade and accordingly needed to be highlighted.
Essentially his stop was so close it was inevitable he would lose money he even admitted it by saying by the time I post this I could be stopped out and carried on repeating he believed he will get stopped out.
Like right now OZ/US is at 78.27 so I buy $20 a pip at 78. 27 and immediately place a sell stop at 78.24....what are my chances of making money?
Actually , I'll laugh if it did go up and I wasn't stopped out
He didn't give himself a chance and just like you get dumb posts on stocks it needed to be highlighted.
Nothing personal just too many have too close a stop....fatal.
Forex Trading 2018- TA/FA- Setups and discussion, page-70
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