2016-04-08_00-30-48audusd

Hello,

A gentleman, colleague of yours asked me about my target on a specif trade idea I mentioned on my previous analysis.

To ilustrate my answer I chose the audusd daily chart where I currently have an open short position.

We seem to always focus on our entries but as important or even more is where we exit.

On my research and testing I did seem to always want to quit my trades early not allowing for the potential trade to develop.

It was when reading some insights of famous professional traders when I saw that they were making money with a winning % of only 30 to 40 % when swing trading.

But when they cought a trend it made up for many, many losses putting the account into positive balance.

Therefore as you can see in this chart I will hold on to this trade as long as I can either I am stopped out when trailing my stop or when I find a setup to go long then I take my profits.

I will keep you updated on this trade management style about which I hope to be able to provide more insights in the future.

It is my pleasure to be of service and to wishyou the BEST OF PIPS.

3 thoughts on “Trade Management”

  1. Dimitar Ivanov says:

    10x Nuno.

  2. Dimitar Ivanov says:

    Nuno, could you also show us how to add positions, if you do so in relation to this trade?

  3. Daniel Chan - Forex.Today says:

    Thanks Nuno . long time no see bro.

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