Disliked{quote} I personally never trade with a SL unless there are major news announcements. Surprisingly me trading without a SL is more successful. I would not suggest doing it tho.Ignored
Make your losses in demo. Earn your profits live.
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Disliked{quote} I personally never trade with a SL unless there are major news announcements. Surprisingly me trading without a SL is more successful. I would not suggest doing it tho.Ignored
Disliked{quote} I don't even trade with SL on news announcements. If I don't feel like trading on that news, I just exit before the news. If the news is really major, chances are the price will spike so fast by the time your SL is hit, you would've already lost 30 - 50 pips at least. It's better to get out when the price comes back on the other side. You lose far less that way sometimes you are even able to break even. With the market so trendless these days, not even news events will set any trend. I have seen price turns right around even on NFP! Take...Ignored
DislikedJust quick thoughts on today trading day. We can see a nice reversal pin bar marked in yellow on 4 hour TF. There was rejection from 0.9280 area and this is how I use price action. For me it was a signal to add some shorts this SL at 0.93. The market showed his card. Patience, discipline, dedication and MM most all in trading! Happy trading to all of you guys! {image}Ignored
Disliked{quote} I personally never trade with a SL unless there are major news announcements. Surprisingly me trading without a SL is more successful. I would not suggest doing it tho.Ignored
Disliked{quote} IMHO - proof of excellence in money management right here. Is it gambling when you know you'll win? I started to write about this as part of my system earlier. Stop loss input on a platform is like standing on the side of the interstate at rush hour with a BIG sign that reads, "COME TO THIS GPS COORDINATE RIGHT HERE - I'LL GIVE YOU ALL THE MONEY I'M RISKING ON THIS TRADE!!" Example sake, I'm in a stinky long right now that I know is going to win but, the trade volume means that I can withstand 2500 pips of drawdown on that position. In another...Ignored
Disliked{quote} Sorry, but your trading style is more like gambling...I'm personally treat trading like business. So, it's very important to cut your loss and run your reward. My risk reward 1:2, 1:3 or even 1:4 in some tradings Such approach alow you to have less winning trades, but still be in profit in longer term. Wish you all the best in your trading! Take care!Ignored
DislikedI am short, I have a pretty wide SL, just waiting for this to sink on tommorows NFP reportIgnored
DislikedNFP tomorrow? You mean the ADP number? NFP is this Friday just so you know.Ignored