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[quote][i]Originally posted by Dan[/i] My method now is to use the technical analysis, rather than fundamental (although any major fundamental announcements due etc get taken into consideration). I generally pick something I am expecting to rise/fall, set an order to buy/sell at the rate I think it will need to pass to begin going further into profit. Set a stop loss at the other side of the rate I expect it to continue going against me. I then leave the close position open, and see where things go. Adjusting the stop loss when in profit to usually the second from last bars low. That way, im happy that its going to go in my favour, but if it doesn't, my loss is minimal, but my gain will be considerably more than I have risked. Having said that, I have given up with the copy trader idea, and going it solo now I have a better understanding, as the guy I followed lost me 100% of what I had invested in him, which was a considerable sum to me. Having seen his flaws of no minimising loss strategy, I went away from him. It actually left me with under $100 on Friday at the close. On my own, im back up to 4 times that this week. Hopefully what I have learnt is going to work long term. Im happy to take the losses I risk, so long as I continue to make the bigger gains regular. Its all a big learning circle. [/quote]
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