I understand the few keys concepts of "Keep losses low, and let profits run", and also "Take profits whenever you can, trade to make money, not prove I'm right".
I've been thinking on implementing both two yet the information each portrays is contradicting. Following the latter, if I do have multiple TP points (TP1,TP2,TP3 etc), I'm basically earning a little each time I hit my TP zone, but facing a full loss when my SL gets hit, which is the opposite of the first point of keeping losses low.
Anyone can share some insights into this? Or does anyone have good sources of MM books?
I've been thinking on implementing both two yet the information each portrays is contradicting. Following the latter, if I do have multiple TP points (TP1,TP2,TP3 etc), I'm basically earning a little each time I hit my TP zone, but facing a full loss when my SL gets hit, which is the opposite of the first point of keeping losses low.
Anyone can share some insights into this? Or does anyone have good sources of MM books?