I know it's tough, {tough would be easy}
But... I promise there is a light.
Warning:
Adult Content Included;
It occurs to me that One of the Reasons Rookies can't make consistent Profit is because The Market does not move consistantly.
"How do you expect Me to Make Money if You Change your Mind every 10 Minutes?"
It's been said Many Times in Many Ways & this is just another.
Like the 2 year old bull said to the 14 year old Patriarch while standing on a hillock.
"There are some cows down there; Let's run down and have one."
Old bull replies;
Let's Walk down & have them all.
If you think that, after you enter a Trade, It better move Your way right from the get go, good luck. That's a lot of spread to pay.
If you are an apprentice Scalper, I offer the same word of caution.
I know this Market can move 300p in the same direction on the... pick one... 2Hr, 4Hr or whatever but I guarentee you it did not move in a Straight Asccent/Decent. It BOUNCED!!!
YOUR Job, as a Trader, is to see beyond those Bounces to what Your Research Tells you is The Target.
PLAY To The TARGET.
By all means use SL, ELO, ESO or whatever your plan suggests.
{btw. if your plan includes playin the 1 Open Position, You're Fu#@&}
Play Partials if a Full Lot is a little above your Table Stakes.
PEASE: I Honestly wish that you will Never Enter Another Trade without Already having considered HowTFk are you gonna get Your A$$ outta there.
Edit: Play "Multiple" Partials of you Risk Funds.
It will Open up a Multitude of Trading Scenarios to you.
But... I promise there is a light.
Warning:
Adult Content Included;
It occurs to me that One of the Reasons Rookies can't make consistent Profit is because The Market does not move consistantly.
"How do you expect Me to Make Money if You Change your Mind every 10 Minutes?"
It's been said Many Times in Many Ways & this is just another.
Like the 2 year old bull said to the 14 year old Patriarch while standing on a hillock.
"There are some cows down there; Let's run down and have one."
Old bull replies;
Let's Walk down & have them all.
If you think that, after you enter a Trade, It better move Your way right from the get go, good luck. That's a lot of spread to pay.
If you are an apprentice Scalper, I offer the same word of caution.
I know this Market can move 300p in the same direction on the... pick one... 2Hr, 4Hr or whatever but I guarentee you it did not move in a Straight Asccent/Decent. It BOUNCED!!!
YOUR Job, as a Trader, is to see beyond those Bounces to what Your Research Tells you is The Target.
PLAY To The TARGET.
By all means use SL, ELO, ESO or whatever your plan suggests.
{btw. if your plan includes playin the 1 Open Position, You're Fu#@&}
Play Partials if a Full Lot is a little above your Table Stakes.
PEASE: I Honestly wish that you will Never Enter Another Trade without Already having considered HowTFk are you gonna get Your A$$ outta there.
Edit: Play "Multiple" Partials of you Risk Funds.
It will Open up a Multitude of Trading Scenarios to you.