DislikedRelated to Post 108,299 As posted. BE can safe gaurd profit. How do you trade with a two edge sword? - Prevent a profit trade to go in a loss - Cut a profitable trade to fast because price moved back a little bit only to see it go in to a big profit. Today: - M15 so far was one big negative cross over.(Ouch) - H1, well that one filled the wheelbarrow. {image}Ignored
Answer:
Do Not trade with a two edge sword.
Trade with the correct mindset and be mentally fit for trading. Develop trading systems incorporating proven Mental Strategy.
Get a mentor to help you develop mental strategies according to your personality.
BE breakeven does not guard profit. Profit lock is one way to protect profit the market gave you. TMS-II Money Management is one way to maximise profits and improve trading performance. Read and Study the OP' post and get all the ideas and his experience to help you develop your own trading system.
Now you can compare your trade with mine, which is TMS-II Money Management .
A few good books to have in your library.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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