DislikedSo far we have identified two key elements of a real or good trading method: 1. The skills and mindset of a trader 2. Resolving the Stoploss issue Any comments on these two will be highly appreciated. The third element that I would like to table is how to reduce Idle Capacity of an account margin. By that I mean, how to maximize use of available idle balance in our account. For example, if we risk 1% of our account for a possible 3% return. This issue can be resolved by opening a heavy position with a very tight SL of let's say 7 pips (risking 1%)...Ignored
I already presented very logical SL
No hard SL placed (advantage you are not going to get stopped out on spikes)
Decide before what amount $$ you are willing to risk (call it gambling or whatever makes no difference)
Say for example $200
How many pips that covers say 1$ a pip gives you 200 pips.
Great find good set up and either buy or sell and as long as your 200 is not reached trade is valid.
I have been trading like this for 6months successfully 58% account gain
As far as Gambling argument
When gambling you are in 100% either win or lose
In trading you have a choice to get out hence you have control over your losses and gains therefore gambling comparison is nullified.
In trading, you have to be defensive and aggressive at the same time