Thursday, October 17, 2019

Recovering From Losses (TP4/TP4+)


This post is going to be short; as I have really put my focus on our strategies TP4 and TP4+. Trading this week was a bit exciting, and it was fun watching thousands of people win. Brexit is definitely going to make someone rich. 

Unfortunately, my trading started a bit off. My trading style is my mentor's Impulse Strategy, followed by Gasolina. When I can I use another colleague’s strategy, called the Squeeze, which allows me to catch some pips before the Impulse Scalper Alerts are sent out.

I found myself in trades where I had entered too soon. All 3 hit my SL, and I was down by 152 Pips. Worse yet; my strategy was not seeming to apply (Gasolina).  Eventually, everything played out exactly like it was supposed to. But my little account had already backtracked. 

I was already working with TP4/TP4+ so I decided to ignore the impulses. For some reason, I was just out of sync, and they were distracting me.

Let me tell you I am not disappointed one bit. I pulled these results early on Thursday, once I was done trading the New York session.  Despite all the volatility being caused by Brexit and the News; our TP4/TP4+ was acting like a bandit.  Stealing 4 Pips at a time. RECOVERY made simple. 

We are short on the goals for the week-- but stick around!  It has a-way of balancing out.

Mentor-Ship Application *The information here is for educational purposes only. Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.  Past performance is not indicative of future results.  The high degree of leverage can work against you as well as for you.  Before deciding to invest in foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite.  The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money you can not afford to lose.  You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.   


2 comments:

  1. Jenn you just inspired me. I took some losses as well with the Brexit. The adventure is truly an eye opener.

    ReplyDelete
  2. Wonderful. We are exactly where we are supposed to be. More on TP4 coming. It just might prove to be a viable option in any market.

    ReplyDelete