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Sunday, June 28, 2009

The Way Up could be Down.

Yeah, that's what I wrote in my facebook wall last Friday. It's a reflection of the funny outcome of the first week of live forex trading: All absolutely negative. More painful were the ones with nice greens that later turned to hit the stop loss. Really funny indeed.

But there's no cause for panic, though nobody really do like to lose, it is inevitable in this market. But one thing is I know the maximum I could lose defined by my stop loss and money management, but my gains has no maximum and in multiples of the stop loss. Definitely I shall recover all by the trading edge of my strategies. I have proved it with almost 1 year of demo trading, so there's no cause for panic except to keep me sober and also recognise that nothing is absolute and there's no master of all.

I have learnt patience as part of what brings the ultimate triumph.

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