How To Never Lose Money On A Trade
- Thread starter Clarence416
- Start date
I wish I could talk about in fundamental way but my knowledge has not reached that level.
At the moment, that's exactly what's happening to EUR on FX market.
Last few days I made some profit by shorting on pullbacks but I knew I could only play it for very little time.
That old saying " go with the trend " only works if the trend keeps going. By the time the average Joe notices a trend and gets in, it is probably about to reverse. So going against the trend is a possibility but only sometimes works.
The trick is to know if the trend is about to reverse or not.
The trick is to know if the trend is about to reverse or not.
The only way to do it is via insider trading. No legitimate trader or trading tool can be 100% accurate in their predictions. As a matter of fact, it's perfectly fine to even lose MOST of your trades as long as the remaining winning ones make up for those losses.
Accountants obviously have a big advantage here but would be in trouble if they got caught.
Just opened a Tesco's Chicken Jalfrezi curry with not even a micro piece of chicken in it.I have another in the fridge I'll open on video and if there's a repeat....
About only pattern that works fairly well at highs/lows is Head & Shoulders, breakout of right shoulder's highest low. But if it doesn't drop fairly quick, get out at breakeven. Some only become a retracement only to go a little higher than drop, by then MACD is usually showing divergence.