Sunday, August 1, 2010

Today's Forex Prediction - August 02, 2010

PAIR TODAY'S PREDICTION
MAX MIN
EUR/USD 1.3081 1.2974
USD/JPY 87.69 86.34

See : How To Applying My Prediction

Yesterday Prediction Rate : ACCURATE (Average Error < 50pips)

The 25 Point Discipline For Day Trader - #17 And #18

I continue my post about The 25 Point Discipline For Day Trader. And below is the 17th and 18th point.
 
#17 NEVER TAKE A BIG LOSS.ONLY A BIG LOSS CAN HURT YOU.
Please review rules #5, #8, #10, #11 and #15. If you follow any one of these rules you will never violate rule #17.
Big losses prevent you from having a winning day. They wipe out too many small winners that you have worked so hard to achieve. Big losses also "kill you" from a psychological and emotional standpoint. It takes a long time to get your confidence back after taking a big loss on a trade.