In algforex.com we did Sell USD/CAD 1.0109.
We did move Stops to Entry as soon as possible.
Some people lost 7-15 pips.
Now let it go USD/CAD. We'll see on Monday.
Most traders after their first string of successful trades. Instead of following the same rules for money management, the trader begins to machinate about having thousands of extra dollars and starts to equate the first string of wins with an unlimited supply and abundance rather than fastidious planning and careful adherence to rules. They start to dream big and lose sight of the work that put them in the position they are in and lose track of reality. Greed takes over, the spirit on the shoulder that says – “Hey, you are doing great! Let’s put 20% at risk instead of 5%, so we can get our gains more quickly.”
If we loosing it's 7-15 pips.
But our Target always 40,..70,..100 and more pips.
It's part of our Strategy.