i have a question on position management, let say my full position is the min lot size i can afford and allowed, should i avoid those signal when you advice "do not open full position"?
Forum >> Monday signals stopped out at breakeven - position management (archive)
| Opened by: | silvertrader |
|---|---|
| Opening date: | 2 December 2009 10:49 |
| Number of entries: | 3 |
| Last entry: | 2 December 2009 10:49 |
ysfxsignal wrote: 27 January 2010 9:59
Hi silvertrader, will you email us when to move stop to breakeven? and what stop do we use when entry?
silvertrader wrote: 2 December 2009 10:49
All three signals were stopped out on Monday, Nov.30., the same day we opened short positions in EURUSD, Gold and Silver. First everything looked fine, prices were declining and we moved our stop levels to breakeven, reducing our risks to zero. (This is a very important rule in managing our positions and we strongly advise to follow it. Keep in mind, preserving trading capital is the first priority, everything else, including profits can only come after that.)
But then fresh, risk-friendly buying power emerged and pushed prices further up, invalidating the signals. However, it does not mean you should go long, though. All the technical indicators are hovering in the extremely overbought zone and all enthusiastic precious metals bulls and USD bears are walking on a minefield.