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Re: Avoiding Disaster
The secret to making profits is to protect your capital to live to fight another day. I trade FX and I use stops in a unique way since I time my entry and then in most cases my stops have already locked in a profit. I used to trade currencies via futures and I always entered my STOP right after getting my position filled. Also NEVER lower your STOP once you put it on. If you are wrong take your loss and try another trading plan.
Plan your trades and "Trade Your Plan"
Your points are very valid. Murphy's Law does still apply.
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