ashleybolder

EURGBP Bad trade management

FX:EURGBP   Euro / British Pound
I posted a EURGBP trade a couple of days ago, the entry seemed perfect and the trade was going my way. The trade then went badly against me and broke out of the channel. I pushed my stop a lot higher to 0.85925, I then entered another short around 0.85825. Price came back down 0.85550 where I took profit from my second trade and cut my loses on my first trade ending up with profit.

"How you manage your correct trades makes you a good trader. But how you manage your bad trades, that's what makes you an excellent trader" - Joseph Nemeth

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