Celebrate small losses
The last couple of days we have seen a few small losses in a row and whist that may not look good, it's actually a very good sign! Why? Simply because it means our mandatory stop losses are in place and working. Without working stop losses on each trade, we may be lucky every now and then where the trade returns to profit, but experience has proven that one bad trade can also turn into very large losses. Sometimes quickly, sometimes slowly - but it will happen eventually. By taking a small loss early, it means that we put that trade behind us and move on.
We will start posting more detailed reports on stop losses and money management in general but for now please know that ERIC is all about protecting your money as priority number 1. These recent small losses prove that.