Friday 24 June 2016

Red Alert - BREXIT notes ( part 3 ) - Personal advice



Hi all,
... and its done.

There are 3 possibilities how traders are positioned right now ( and my personal advice for each ):

1. You hit the jackpot - You were on the right side of the market. Don't give up any penny You have made last night. Start your big weekend now ! Traders took some/all profits already, we don't know what may happen over the weekend ( politicians / central bankers etc )

2. You did not take the risk - you were in the bed. No worries, you are going to have plenty of chances next week. Don't trade, start your weekend ( the same reasons as above ) !

3. You were on the wrong side and now you are trying to recover losses. STOP ! Turn off your computer and enjoy the weekend. Try to recover mentally to be ready to back on Monday !

Unfortunately, there is one more... You were on the wrong side and you were not able to manage your positions/losses properly and you have been stopped out... If that is true believe me I'm really sorry ( I've been in that position in the past ). The only possible advice: it was extremely expensive lesson , try to get as much as you can from it before you'll try to get back and revenge / punish the market.

We ( as Land of Trading group ) at the beginning of the road with our project and the Brexit event was a great test for us and our Beta testers. We would like to say thank you for the support.

Valuable stuff is coming, stay tuned...

Have a great weekend !

Mr Price Action

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