There ‘s no position so lucrative that moving your stop point is sensible. Decide what your stop point possibly be before you trade, and stick with it. Moving a stop point usually irrational, more motivated by greed and emotion than discipline and patience. This kind of only result in you taking a loss.

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Hope – Hopeful traders are closely related to gamblers. They come into this market ‘hoping’ they’ll make cash flow. They place trades and ‘hope’ gonna go their particular direction. Hardly ever let bad trades come upon even worse trade hoping the market will turn and bring them for you to profit. They often let good trades turn bad ensuring your company hope market place will go that bit extra and these a few more pips. Hopeful traders have no real plan and use little market analysis inside trading. Yet similar to a novice snooker player who simply ‘hits and hopes’.

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