xinitial,
There is no guarantees as the Market is based on emotional people who buy and sell quickly.
BUT we must have a set of Rules and yes the one wick may become two wicks and the Market reverses BUT we have a defined Stop Loss for protection of our real live account Balance. And what is our odds against the trader when applying these Rules, alot less than we think.
Just keep practicing your defined Rules ina demo for a week and define how many losses to profits as I call this Performance Metrics. For the record, Prop Firms and Banks do worse than we do in performance metrics BUT they have more money and it's not the Traders money but The Firm or the Bank.
cpfleger
There is no guarantees as the Market is based on emotional people who buy and sell quickly.
BUT we must have a set of Rules and yes the one wick may become two wicks and the Market reverses BUT we have a defined Stop Loss for protection of our real live account Balance. And what is our odds against the trader when applying these Rules, alot less than we think.
Just keep practicing your defined Rules ina demo for a week and define how many losses to profits as I call this Performance Metrics. For the record, Prop Firms and Banks do worse than we do in performance metrics BUT they have more money and it's not the Traders money but The Firm or the Bank.
cpfleger
2
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