Whenever I place a trade I often find it will go into profit like 30 - 50 pips and then a day or two later it will go -80 pips or something and it's incredibly frustrating.
You're probably thinking "just take the 30 - 50 pip profit then", but if I take such a small profit for my wins, my losses will be massive because if my profit target is just 30 - 50 pips then my stop loss will have to be like 10 pips or something to keep my risk reward ratio good, which means my trades won't have much room to breath and I'll probably get stopped out very quickly.
So how often do your trades go into profit and then the next day or so they go against you, how do you deal with this emotion? Most of my trades do something similar to this. Sorry for crude drawing.
You're probably thinking "just take the 30 - 50 pip profit then", but if I take such a small profit for my wins, my losses will be massive because if my profit target is just 30 - 50 pips then my stop loss will have to be like 10 pips or something to keep my risk reward ratio good, which means my trades won't have much room to breath and I'll probably get stopped out very quickly.
So how often do your trades go into profit and then the next day or so they go against you, how do you deal with this emotion? Most of my trades do something similar to this. Sorry for crude drawing.