This week, I had a question by Bobby who asked:
In the event that u are positive profit in your ongoing trade, and there is a big news that could go against your trade, what do you do? Do u move your stop loss? Or break even?
My answer is:
A news release is a 50-50 thing. It can either propel the trade in your favor or go against you. But in the long run, you can expect the positive and negative to negate one another.
Because of this reason, I don't shift my stop loss to break even just because of news release. I only trail my stop loss according to my trading plan and nothing else.
Then I also discuss and share with you possible trading ideas on Gold and AUD/USD.
Lastly, I talk to you about the S&P markets and why it's the worst markets to trade right now, especially if you're a trend follower.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
In the event that u are positive profit in your ongoing trade, and there is a big news that could go against your trade, what do you do? Do u move your stop loss? Or break even?
My answer is:
A news release is a 50-50 thing. It can either propel the trade in your favor or go against you. But in the long run, you can expect the positive and negative to negate one another.
Because of this reason, I don't shift my stop loss to break even just because of news release. I only trail my stop loss according to my trading plan and nothing else.
Then I also discuss and share with you possible trading ideas on Gold and AUD/USD.
Lastly, I talk to you about the S&P markets and why it's the worst markets to trade right now, especially if you're a trend follower.
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner