Growing your Trading Account..What to do if a trade goes BAD? (trader lessons)
money·@quickfingersluc·
0.000 HBDGrowing your Trading Account..What to do if a trade goes BAD? (trader lessons)
<a href="http://imgur.com/t2sKppG"><img src="http://i.imgur.com/t2sKppG.jpg" title="source: imgur.com" /></a> ## Sometimes a trade goes the wrong way No matter how good a trader you may be, once an a while you will not read the chart or situation perfectly and a trade could go against you. So what do you do? Do you sell immediately for a quick loss just as the trade is falling off a cliff? Do you add to your position to get a better price average for when it comes back up? Do you just sit on your hands and pray? ## Well ill make a short video to discuss what I do.. If you learn to read charts, than this will be a rare situation where your stuck in a bad trade. But it does happen and you need to handle it stress free. One thing that will always help you to keep a clear head while trading is to trade with an appropriate size.. never more than 25% of your money. But usually I'm trading with under 10% of my account. I'm very good at keeping my capital safe, but if the trade looks sooo beautiful that its almost like there just handing you money, than i would up my size to 25%. (but no higher, ever) Then you really will always keep a clear head. **Ok I'm just gonna discuss the rest of this subject in video..** <iframe width="560" height="315" src="https://www.youtube.com/embed/NbCd4uhYpSY" frameborder="0" allowfullscreen></iframe> Thanks for taking the time to read my post and view my video. Please post comment or questions and i will try to get to them asap. Also if you think of trading subjects for future videos, let me know, as i will try to keep on posting these. **For years I been just quietly making money sitting alone in my office at home, so its nice to reach out and start a blog and gain a community :)** Luc (A.K.A. Quickfingers)
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