Hi all , it been years i was forex factory reader , finally i'm member and this will be my mini blog. ( bare with me , English is not my 1st language )
What is trading ? Can a trader be successful with his superb 80 % winrate system alone ?
Early days of my trading journey , i had a lot of strategies and most of them can make money but somehow i always blow up the account( mini accounts).
Then i realize , there some perks we need to add to the strategy to be profitable in a long run .
a) money management
b) discipline
c) emotion control
With this 3 applied, even 50 % winrate can make money. Now Trading is puzzle , to solve it , u have to think all possibilities and enter a trade with risk vs profitability .
Risk vs profitability
My risk always will be dependable how profitability the setup is. 3% for highest and 1 % lowest, but this is really depends on capital.
So from tomorrow , i will post chart and talk about my live trading.
What is trading ? Can a trader be successful with his superb 80 % winrate system alone ?
Early days of my trading journey , i had a lot of strategies and most of them can make money but somehow i always blow up the account( mini accounts).
Then i realize , there some perks we need to add to the strategy to be profitable in a long run .
a) money management
b) discipline
c) emotion control
With this 3 applied, even 50 % winrate can make money. Now Trading is puzzle , to solve it , u have to think all possibilities and enter a trade with risk vs profitability .
Risk vs profitability
My risk always will be dependable how profitability the setup is. 3% for highest and 1 % lowest, but this is really depends on capital.
So from tomorrow , i will post chart and talk about my live trading.