Extraction Strategies

Monday, December 29, 2008

Extraction strategies? What the heck is that?Underwater PsychologyIf you are like anyone else you've found yourself in a trade that is going against you from time to time. You start to imagine reasons why the price could continue to move against you.For example, this morning I was underwater in a position due to the spike in AUDJPY. The price of oil was rising due to the conflict in Gaza,