Well, I hope I got your attention so here goes:
I am sure a lot of beginners have trouble with this so any advice from those who are willing to lend advice is greatly appreciated:
See, I trade about 3-5 times a day. For about 6 months I have broken even.
The majority of my trades are small losses that start out with profits of 10-15 pips but end up reversing as losers. This is a trend following system and basically those smaller trades are whipsaws. During these whipsaws I go ahead and take the loss rather than exit "early" to get a small profit. Isnt this the basic strategy of a trend system? Now I wonder if I should just disregard that rule and just take small profits making my strategy less of a trend following system.
I am sure a lot of beginners have trouble with this so any advice from those who are willing to lend advice is greatly appreciated:
See, I trade about 3-5 times a day. For about 6 months I have broken even.
The majority of my trades are small losses that start out with profits of 10-15 pips but end up reversing as losers. This is a trend following system and basically those smaller trades are whipsaws. During these whipsaws I go ahead and take the loss rather than exit "early" to get a small profit. Isnt this the basic strategy of a trend system? Now I wonder if I should just disregard that rule and just take small profits making my strategy less of a trend following system.
