I had been demo trading for 6 mo's (almost every trade made a profit) Then I started a live mini account - 10 000 lots (lost my a**) So i went and bought the book "Disiplined trader" by Mark Douglas. I learnt alot and decided to hold my positions longer because I would always hit my stoploss, which was usually 20 pips away. How long do you guys usually hold your positions 1 day,1 week or longer. Then again I guess every situation is different. I don't know this is pretty complex sometimes, LOL. Thanks for any help.
- Joined May 2005 | Status: Member | 1,494 Posts
In trading, there is no bullshit. You either make money or you don't.