Disliked{quote} Interesting. plz go on...……………………………… how do you manage a losing trade without stop loss?Ignored
use a counter, and the following day trade the method again.
counter and then look at the 00-00 4 hour bar, trade the high or low ,looking at clawing some of the loss back. usually you claw it all back.
Sometimes I have a duble trade going , meaning I trade on the break but I also trade a retrace , this extra can help off set a loss.
Like I say, as long as I have x amount at end of week, it doesn't matter if I was actually making more at one point.
edit, and I compound but not like I used to.
meaning ,if I am going after part of the daily range I will add my profit to the trade then get out. so in reality, instead of making 20 points I make 30. or if I compound off a range less than 10 I get more back. and yes this can fail too. But then my odds are better with the opposite end trade. its all maths.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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