Posts Tagged ‘Day trading’

Hi all,

When I do day trading I am using tight stops. For example on EUR/USD I use 25 points stop loss.

Now have a look on today 30 minutes graph. It is very choppy and it goes from one side to another. That’s why I stayed a way. Otherwise I will be stopped out 5-6 times today and maybe hit my 50 points target twice. So I would be 50 points down…

If you use tight stop loss stay a way from choppy market! and if you use tight stops don’t even think to trade oil. It can jump 100 points in no time to each direction.