|
Additional Username
|
Joined Sep 2017
|217 Posts
Well, I think it depends on the traders how they like to use stop-loss trading tool! By the way, I set my SL and TP according to the position of nearest support and resistance levels! Yes, sometimes I set my SL+TP with the buffer (few pips above and below) system.
Each trader is individual and something that works for one person, might be totally wrong for the other.
For example I have a friend that trades with SLs and TPs but I can't do that. My strategy is different and I like to keep an eye on my trades to close them manually.
Of course I use TPs and Trailing stops occasionally but I don't build my trading on pre-calculation of the TPs and SLs
|
Additional Username
|
Joined Mar 2016
|578 Posts
The only reason a professional trader feels they are chasing the trade is when the have no business trading or they simply have no plan. No one should chase a trade. It is like going to the market and not negotiating.
The only reason a professional trader feels they are chasing the trade is when the have no business trading or they simply have no plan. No one should chase a trade. It is like going to the market and not negotiating.
Ignored
True. Chasing a trade means you're trading for the sake of trading and not because you saw a good signal that you can use to profit. Trading in that manner only leads to losses.
The only reason a professional trader feels they are chasing the trade is when the have no business trading or they simply have no plan. No one should chase a trade. It is like going to the market and not negotiating.
Ignored
Exactly, that’s why I always follow my trading plan so honestly! I know, trading is all about discipline.
Yes you are absolutely right. It is also true for anything in life. The more you will chase anything, the more difficult it will be. Know your strength and weakness and work accordingly. Do not try to over smart your trading abilities. If you want more pips you have to develop your skills and abilities. Just by chasing you won't get it.
|
Additional Username
|
Joined Apr 2018
|393 Posts
how much pip we can earn monthly its completely depend on trading management , if you have good trading strategies with real money management , then there is a chance to make sure good pips monthly.
Yes you are absolutely right. It is also true for anything in life. The more you will chase anything, the more difficult it will be. Know your strength and weakness and work accordingly. Do not try to over smart your trading abilities. If you want more pips you have to develop your skills and abilities. Just by chasing you won't get it.
Ignored
Well said you can’t get anything just by chasing it. To earn more you have to analyze your strengths and weakness and also you need to brush up your skills and abilities. It increases your chances of high earning.
Well, I think it depends on the traders how they like to use stop-loss trading tool! By the way, I set my SL and TP according to the position of nearest support and resistance levels! Yes, sometimes I set my SL+TP with the buffer (few pips above and below) system.
Ignored
No doubt, support/resistant is very important trading tool. By the way, which time frame do you use mainly D1 or anything else?
