Today I traded the EUR/USD and ended up 7.1 pips. I did three trades and lost one. This works out to be a 67% win ratio for today. I did these trades in about 40 minutes time.
I have to admit that I was tempted to trade again even though I wasn't sure a good trade was setting up. The excitement of early wins paves the way for that greed factor that I talked about in a previous post. Luckily I resisted it.
Like I said greed, fear, and lack of patience coupled with poor money management practices will sabotae your trading success.
Of course, all this and more is taught in Avi Frister"s excellent e book,
The Forex Trading Machine. To find out more go to: http://www.myforextradingstrategies.com/
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