I placed a sell order last night. I doubled up on my trade and bought two lots. I changed my 50 pip stop lost to 25. If I had kept it at 50, I would have made $200.00 over night. Instead, I lost $53.00. Lesson #4 learned. Develop a system and stay with it. What are my rules? Place stops on all trades Place stops 50 pips above or below. Wait for a trading pattern to form before placing a trade. … Read entire article »