{quote} mate, I got a tip for you. When your positions are in profit don't ever ever ever ever ever close all of them in profit. If its only one position close it partially. If you can't close it partially, place 1/3 or 1/2 position in opposite direction i.e hedge partially. In this case you should have left the long with a positive SL. I know how fear sucks. But in order to make more with the flow, you need to learn to leave green positions with a +ve SL.
{quote} Yeah, thanks mate. Unfortunately I had some big losses at the beginning of the week so I decided to be happy with the £120 I reclaimed from those trades... This advice is very good though and I will definitely try work that into my next win
{quote} What I know from my experience is that as soon as we close a trade in profit, we tend to commit a mistake. Let Forex close your previous GREEN on +ve SL. Many times, I would close long in profit then take short & guess what, DAAMNNN! Not only would I repent closing early, but lose in short too. These things can't be taught with words, come with patience & practice, yet we try. takes time.
{quote} The problem with me is that I can't bring myself to cut a trade off once it is going down, for example, on Monday I was up £480 at one point, trade turned around and just kept going down and down. Of course I was thinking it would turn around and bring me even more profit, but I'm sure you can guess what happened - wiped out my account!!!!
