Disliked{quote} I have decided what to do before i place my trade. Place trade and if it wins good. If trade fails,i move onto the next part . Just lately Cable has been underperforming and have you noticed how i am trading dax,Nifty 50 and some e/u. I look for better odds. i am a trader.Ignored
Claudia already told me not to be all over the place So thats why i like to keep focusing on one market for now.
I am not sure what you see as "underperforming". GBP/USD feels moving ugly the last weeks but just looking at it from a statistical point of view the win/loss rate hasn't much changed over the years on your BillyBar setup. Actually two months of last year were even much worst than we had this year so far. So...
The $30/pip i normally trade sometimes already feels uncomfortable and i am not sure how to handle this if i would then have to to open even more trades to scalp me out of the mess (i guess thats what you do roughly with fixing). You might say you wait for a new valid/trigger, idk. Last time you had that fail fixed quickly i haven't noticed any trigger. But well done. You are certainly good at fixing/scalping here.
I mean i would have to trade at least 5 times that size as i do now to really help me with making a living from trading. Costs are high here. So more like $150/pip than a $30. That's the plan for ending up with only 50% of the time with the +5 at the end of the day, a 100 Pips at that size would be even better if you think of paying taxes (no tax free spread betting here).
Yes, I could trade a smaller size and look for for the thousands of pips for 20-22 days but i don't think that would make things necessarily easier to me.
Really hard to find real help on all this, maybe my plan and what i am doing is all just rubbish so far. I think i have problems with the money/risk management part and calculations. The discipline is there, a basic method is there... keep it simple they all just say, lol.