fortis fortuna adiuvat
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- Oct 15, 2014 3:18am Oct 15, 2014 3:18am
- | Joined Jun 2009 | Status: Patients needed! | 201 Posts
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DislikedEvening Deltaone I have been watching and enjoying trading position posts. I have been from the school of not restricting your winning positions but you set a set target each time and clearly you are happy with this plan. Do you not get temped to see if there is more in the trade or are you happy with your 3:1 RR each and every trade?Ignored
DislikedThanks, I am erring to move to your way of trading - managing fear and greed are all part of a successful trading plan. Setting a target limit is certainly a good way. Good Evening, and good night from SA.Ignored
Disliked{quote} hi ZA Rhino, 3:1 rr is the maximum for me. sometimes i´m really getting tempted, indeed. but this maximum protects me from getting greedy. my trading history teached me that emotions like greed and fear are bad advisors... have a nice evening!Ignored
Disliked{quote} Hi there, Have you tried using a trailing stop? ( of say 10 points ) and compare this to overall profitability of the risked 1:3 RR trade? ThanksIgnored
DislikedThanks, I am erring to move to your way of trading - managing fear and greed are all part of a successful trading plan. Setting a target limit is certainly a good way. Good Evening, and good night from SA.Ignored
DislikedIt's an important topic - where and when to exit. I can well understand Deltaone's 3:1 strategy, and have seen that, despite numerous BE's and 10/20 pip losses, he takes money out of the market each week, which is all that matters. Provided you are confident that you will always recoup your losses with a tried and tested system, then yes, you should have no problem sleeping at night. It is always good to have an exit strategy, whether it be an arbitrary pip total, as with Deltaone, or with a support/resistance level such as MA/pivot level or whatever,...Ignored
DislikedIt's an important topic - where and when to exit. I can well understand Deltaone's 3:1 strategy, and have seen that, despite numerous BE's and 10/20 pip losses, he takes money out of the market each week, which is all that matters. Provided you are confident that you will always recoup your losses with a tried and tested system, then yes, you should have no problem sleeping at night. It is always good to have an exit strategy, whether it be an arbitrary pip total, as with Deltaone, or with a support/resistance level such as MA/pivot level or whatever,...Ignored