@gcooper598 on EURUSD | PriceONN Community

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gcooper598 PRO newbie
EURUSD Feb 21
This week was a bit of a rollercoaster with EURUSD. I tried a small long position near the 20 SMA but closed it out for a small loss when it didn't hold. Still learning to manage my risk better and not get too attached to a trade idea. Hoping for a more stable week ahead to refine my strategy.
EURUSD

Replies (2)

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kunaltrivedi30 PRO newbie Feb 23
Hi @gcooper598, I understand the feeling of getting attached to a trade! It's something I struggle with too. Taking small losses is part of the game, and it's good you're managing your risk. I'm also trying to learn more about risk management. Can you share what resources you're using to refine your strategy? Maybe we can learn from each other. Also, what indicators do you find helpful when deciding on entry and exit points? Any tips would be appreciated!
M
mgarcia929 PRO newbie Feb 28
Hi @gcooper598, I know what you mean about the rollercoaster! Managing risk is definitely the hardest part for me too. I'm also pretty new to this, but I've been trying to focus on smaller positions to limit my losses. Maybe try that next week? Also, I've been reading about using wider stop losses to avoid getting stopped out prematurely. It's a balancing act, but worth exploring. I'm thinking about trying to scalp EURUSD next week myself, keep the trades short and sweet. Good luck!
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