Trade # 18: USD/JPY Short (Update)

I last posted about this trade here. I was stopped out for -90 pips as the market reacted to the FRE/FNM bailout. The USD/JPY had a very nice false breakout on Thursday/Friday, probably getting many players short, only to rally 300+ pips in 24 hours. I was up as much as 200 pips at one point, but I would like to learn to follow Jesse Livermore's advice to hold winners and cut losers short.

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