Short and simple question What's better - safer 20 pips or attempts to catch larger moves?
I'm asking because I have a pretty good system based on japanese candlestick patterns & volume that gives me a few entries per day on each pair trading H1 timeframe. 2 trades per day with 20 pips TP gives me 12% profit risking 2% of my account... It's not difficult for me to catch a 20 pips trade, but I'm still thinking about catching larger TP levels (which are uncertain) - and this causes that I'm fighting with myself...
What would you choose in my situation?
Thanks for the help in advance
I'm asking because I have a pretty good system based on japanese candlestick patterns & volume that gives me a few entries per day on each pair trading H1 timeframe. 2 trades per day with 20 pips TP gives me 12% profit risking 2% of my account... It's not difficult for me to catch a 20 pips trade, but I'm still thinking about catching larger TP levels (which are uncertain) - and this causes that I'm fighting with myself...
What would you choose in my situation?
Thanks for the help in advance
Trade or not to trade - that is the question...