Third Day-To Close(manually) or not to Close(manually)

August 28, 2008 by admin

Hey guys,

Sorry for the long title, but I think that it is the appropriate “theme” of the day..

You see, in my previous post, I was a true believer of Laissez-faire… or in other words, Be lazy and Dont monitor or close trade manually.. (whats the point of automatic if it isnt right?)

But today I learnt something valuable, sometimes.. intervention is a good thing..

Yesterday I talked about two trades being opened and still floating.. it was going on a good start, when the GBPUSD was doing USD100plus and EURUSD was at 40USD.. but then it went north and the EURUSD pairs ended up being closed at -38.50 and GBPUSD closed at 79.60…

Then I listened to the interview by the maker: William Boatright, that sometimes if you have a situation and you are there to intervene, than jolly well do it… a plus is a plus…

Today was great! I earned USD146 although I could earn more if I close the trade manually..

BUT HEY… Why am I complaining?? the system still proves to be great! although I win less and have some minus.. my equity is growing!… think about it, what if I need to attent to some other matters (urgent ones) and couldn’t be there to close it manually.. I still get USD146.. if I have to forfeit that important moment (being with my girlfriend for example) just to manually close the trade.. it would make me maybe another extra USD100 or so… but some things in life are “PRICELESS” for you to miss isn’t it??

Here is the link to view todays trade:

http://www.dealsmoney.com/forex/DetailedStatement3rd.htm

Cheers all and Happy Pippin!