Trader Question (18th June 2021): I am still trying to understand staggered trades:
1. When do you want to use staggered trades as opposed to the regular trend line entry?
2. Does each individual trade share the same S/L ”price level” OR ”points”? Say I have two individual trades to long USDJPY at 110.3 and 110.2, do they all share the same S/L price level, say 110? OR does each of them have the same S/L points (say 25 points, so they will have S/L of 110.05 and 119.5, respectively)?
3. What’s the rationale/advantage of using a staggered trade compared to the regular one entry?
4. How is this different from ”adding to the loser,” which I thought is something traders should never do?
Trader Question (4th June 2021): I have a question about how to balance short term and long term views. For example, I hold a long term bullish view on AUD, CAD, and GBP, but in today’s US session, seeing a risk off tone, strong US data and a break of the trend line on DXY and AUDUSD, I entered a short trade and banked some profits. However, this is against my long term fundamental view so I didn’t let the trade run as much as I would like to (closed 75% on average of 25 pips).
Trader Question (27th May 2021): I traded the RBNZ cash rate release, but got out too early. I want to see if you can give me some advice to be better prepared next time. I’m trying not to think about all the profit I missed out on, but it’s just in the back of my head and won’t let me sleep. Lol
