rossini

That will work fine.....until it doesn’t. Be careful or you will blow out! The time it doesn’t let you out of jail free is the time you are so far under it will be almost impossible to make it up. Scalping and letting a trade go 100 pts against you is just crazy. I scalp with the trend and use mean revision on a longer time frame. For scalping I use a disaster stop that is entered into every trade I make. 95% of the time I cut the trade with a very small loss if it does not do what I expect. The other 5% of the time I get stopped out at my disaster stop which is what it’s there for!!!

Hi all. A great topic to make my first post on lol. I can't remember exactly, this was around 2 years ago. I was shorting the Gbp Jpy (and was up around £8k on the day. I took the profit and went long, why I don't know!! I lost £9k in about an hour. The size of the loss didn't bother me as much as knowing that it should have been my biggest daily win up to that point....