Disliked{quote} GBPNZD [Trade 3 has been entered] {image} Sum of 3 stops is approximately 571 pips which at 0.01 lots a piece on the GN pair is close to 3.8% which is <5% assigned risk so we are good to go. Notice that I have intentionally left some slack in the SL limit in the amount of about 1.2%. The 1.2% can be used to adjust the stop on Trade 3 if it becomes necessary. Masterrmind.........Ignored
1. On a 1K account I am limited as to the flow of trades into a given setup.
2. Trades are also denied higher probability entries that are closer to the swing lows.
3. The reason is due to risk management limitations.
Point 3 means that many times there were zones on the chart where better placement trades could be made and on a higher funded trading account the pip gain would have been far far higher.
But risk control comes first before everything else and it always will.
Controlling risk will give you the best chance to make it long term in this business!
Good trading,
Masterrmind...........
Master your Mind then Master your Trades