Disliked{quote} I read a quote somewhere, and it said: 'No one ever went broke from taking profit'. I have to remember thatIgnored
Yes and no... It depends on the profit. You can still go broke on slippage, volatility manipulation and the like. Risk reward is the key. Every trade should reward you 3x your possible loss. This is why I trade channel jumpers. Watch the trend. when the candles jump out of form look for resistance then continue the trend. It will always go farther in the direction, than the counter, so sl above or below the cluster and profit in or below the channel. In Elliottician... trade waves 2 and 4 aftrer you see the ABC correction play out. Everything else has led me to sleepless nights
When you feel like you HAVE to trade is when you least should!
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