Hey, what’s up my friends!
In this week’s market analysis I am following up with the 2 trades we took last week, NZD/USD and copper.
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Both of these trades were stopped out for a loss. A stop loss doesn’t mean you are silly, rather it means you are wise enough to protect your trading capital. So instead of feeling sore and getting upset with the markets, I re-evaluated the current market conditions and went short once again.
Remember, in the short run, your trading results are basically random. But, if you have an edge in the markets with proper risk management, you will come out profitable in the long run.
Thanks and good trading!