Wednesday, August 5, 2009

Glutton for punishment!

I did the Pound/Greeny trade again (as per Trader Outlook)...this time placing my stop @ 1.7063, which is 20 pips higher then the recent high two 4 hour bars ago. Entry this time at 1.7025 and the same profit target.

I think it's important to understand that losses happen. There can be a little whining in his chat room and that's because many new traders have no plan. Trying Bob Iaccino's service for $7 will help the new trader to understand Risk vs. Reward, stop losses, and the boxing ring mentality. If you don't understand these things, I guarantee you YOU WILL LOSE MONEY.


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