i always hear about trading plan and you should have specific time to trade Forex for example you set rule to trade Forex from 8am to 12am etc....
but is that something really realistic?
what if you entered 2 loss trades at that time and later after you left market a lot winning chances come and you missed it?
maybe you will say ok i will set target like 20 pips in day i will get it then turn off my laptop and enjoy life but what if after you turned off your laptop you missed 4 or 5 trades 4*20=80 pips, and in next days you kept losing and not able to achieve target and you wished if you didn't miss that 5 trades in last day.
it's bad idea to have strategy that making you stress and sit front chart all the day even if that strategy profitable .... but are you thinking that advice really realistic and can apply in real world?
but is that something really realistic?
what if you entered 2 loss trades at that time and later after you left market a lot winning chances come and you missed it?
maybe you will say ok i will set target like 20 pips in day i will get it then turn off my laptop and enjoy life but what if after you turned off your laptop you missed 4 or 5 trades 4*20=80 pips, and in next days you kept losing and not able to achieve target and you wished if you didn't miss that 5 trades in last day.
it's bad idea to have strategy that making you stress and sit front chart all the day even if that strategy profitable .... but are you thinking that advice really realistic and can apply in real world?