{quote} This eventually came back and stopped out at BE. I am following the set and forget rules - hit TP or SL - move to BE when 1:1 reached. {image}
If I am to be stopped out at BE, I would like to add at least +1 to feel that it's not a total loss
{quote} Well done Bee-Hop, it's a shame that it stopped you at BE as it reached 25 pips shy of your TP at 2:1. If I am to be stopped out at BE, I would like to add at least +1 to feel that it's not a total loss
May go with 0.02 from next week.
Have a great weekend.
- Joined Oct 2020 | Status: Member | 530 Posts
Hello everyone, I have a doubt on money management of this system: Ali told us to risk 1% of our balance every trade and getting out on change colour candle and often he told here in the thread he was going out before hitting the SL My question is? How much leverage are you using on various TF to respect this rule without being hitted to early on stop kiss . If I use a big leveraging I risk to not filter noise. On 4h and daily which is the righ compromise to stay in ALI rules? Thanks Oaolo
and when the market give me chance to ride big move in my setup direction i will still in it to get big profit
and that difficult pyschological to many traders to make that consistent
most of trading system that cut losses quickly and let profit run make money but most of traders dont make that consistent
trading is very simple
no one know where the market move
we only trade in the direction of trend to increase odds in our set ups and cut loses quickly and let winners run
if any system allow you to achieve this equation and you have the perfect way of thinking in every trade you take you will be consistent profit
nothing else
but we like to complicate our way it take me long time to be consistent but after that i found it simple only Commitment to this simple rules and basics and try to focus in three or four pairs and you must know that there are some times you
dont need to make anything because there is no setup dont try to change your strategy to find set up
Cut your losses. Cut your losses. Then maybe you have a chance
- Joined Oct 2020 | Status: Member | 530 Posts
every trader when choose a system that suitable to him and be disciplined in taking the setups and exits will be consistent profit
and will stop searching systems and go to forums you may go to platform tech to find a more simple and fast way to take your same setups
not change them
and will stop searching systems and go to forums you may go to platform tech to find a more simple and fast way to take your same setups
not change them
Cut your losses. Cut your losses. Then maybe you have a chance
every trader when choose a system that suitable to him and be disciplined in taking the setups and exits will be consistent profit
So nice to see you around, and I know you talked about this before, but I would like a reminder - psychologically, how do you stay in trades for long.. this part is extremely hard for me, as I see profit and get out before full potential (as you say - it is very tough to do..).
Do you sometimes see price levels (ex: S/R, fib levels..) where you get out before, even without color change ?
Thank you for your continuous support here
every trader when choose a system that suitable to him and be disciplined in taking the setups and exits will be consistent profit