Getting either reckless or I’m growing some courage.
closed my short in green @ 2202 and took a long @ 2203 sl at 2190
this weekend going to setup a study program for myself for learning the current support and resistance levels. I mean some of them are obvious or can pull them from any number of sites out there or from here. Point being is many of you on here are literally pegging this points to a pip or two. I am more like closing my eyes and throwing the dart.
most of my stops are based on most recent low on say the hourly and I add 5 pips to it. Second is based on the amount I would “loose” on the trade compared to my last trade(s). So I think of it like “I just ‘made’ 35 pips on last trade I’m willing to ‘gamble’ 15 of those to make another 35”
Guessing that’s NOT the way to view it. That each trade should be executed and judged on it’s own merit not based on how my day week or even month is going overall
closed my short in green @ 2202 and took a long @ 2203 sl at 2190
this weekend going to setup a study program for myself for learning the current support and resistance levels. I mean some of them are obvious or can pull them from any number of sites out there or from here. Point being is many of you on here are literally pegging this points to a pip or two. I am more like closing my eyes and throwing the dart.
most of my stops are based on most recent low on say the hourly and I add 5 pips to it. Second is based on the amount I would “loose” on the trade compared to my last trade(s). So I think of it like “I just ‘made’ 35 pips on last trade I’m willing to ‘gamble’ 15 of those to make another 35”
Guessing that’s NOT the way to view it. That each trade should be executed and judged on it’s own merit not based on how my day week or even month is going overall
--post hoc ergo propter hoc--