Managed to eke out 14% in the currency markets this week. My trades involve an appalling level of risk, but I suppose I have no choice if I am to stand a chance of achieving an unreasonable target.
On one occasion, I avoided a massive drawdown by heeding Alan Collins‘ advice to ‘Take smaller positions with risk levels at levels where you would be clearly wrong’. On most occasions however, I have to ignore this advice if I am to get anywhere. It is not so much currency trading as it is a game of Russian Roulette.
Also, I have tried to follow some of Rocko’s wise words, and am spending a little less time in front of the trading screens.