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Trading Insights

Holding On To Winners

In the middle of a winning trade, have you ever asked yourself, “Should I take profit now or should I let it run?” A lot has been said about the importance of stop losses but not much about letting winners run. Here’s my two cents on how you can mentally prepare yourself in maximizing your profits.

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EUR/CHF Continuation?

The reversal higher through the Falling Wedge on the daily EUR/CHF has many traders thinking of a more pronounced and potential trend reversal but even though there was a pattern reversal, do not assume a trend reversal says the Autochartist Forecast area.

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Take Care of Your Best Trading Tool: Your Body

When you’re trading, it’s so easy to get lost in the price action frenzy and neglect your physical well-being at some point. But if you’re giving up eating or sleeping in exchange for a bunch of hours trying to catch pips, you could end up destroying your most important trading tool: your body.

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Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.Ed Seykota