Dislikedhello fellow traders, i have been trying out a price action trading strategy for about an year. attached is the summary. can you let me know what you think? thanks in advance. {image}Ignored
Hi priceact.fx
You want to know what I think,
well for someone who trying price action trading for one year, your result is excellent.
your trades and result is quite similar to my trades done for November month.
Just be careful with your drawdown and keep that to not more than 10% at any one time. I do not recommend traders to accept drawdown of 20% and above. I will post again on drawdown and what is acceptable and how to recover from drawdown with recovery trading.
Work on your win rate and try keep that above 55%. Never plan to achieve 90% to 100% win rate. People know how stressful that sort of trading can be and traders have blown their accounts when they try to target 90% to 100% win rate. CONSISTENCY over long term is very important.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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