Hi all great traders and our guru Jacko!
I have 1+ year of experience, not much I know but enough to know that there is no Holy Grail out there. Trading is about having a proper mindset, having a plan and sticking to the plan. One must think in terms of probabilities. If a strategy have a positive expectancy (Jacko's has definitely) and one knows what is proper risk management and position sizing than he/she would have a lot of money in the long term. I mean there will be some winner trades and some loosers but the winners will be much bigger. It is all about risk to reward ratio.
Keep your losses small and let the profits run.
Trading this method you will have <1R loosers (so you'll keep our losses small) and almost infinite potential of winers because you'll use TSL as an exit (no emotional approach - so no greed no fear - you'll let your profits grow).
I think trading forex once mastered is the best business in the world. Almost every business in the world has some grow barriers at some certain point. That is not the case with Forex trading. You can compound your profits and grow from a small fish to a huge shark. You can trade 1 lot today, 5 lots in a month time, 20 lots in a year time and so on.
I am very happy that I am with you guys and galls during our journey to a better life. Hopefully we will become sharks one day.
Thank you Jacko for you support and for being our light in the dark.
I hope everyone will have a nice weekend. I'm planing to take my wife and daughter for a nice trip outside the city and relax
Ocean
I have 1+ year of experience, not much I know but enough to know that there is no Holy Grail out there. Trading is about having a proper mindset, having a plan and sticking to the plan. One must think in terms of probabilities. If a strategy have a positive expectancy (Jacko's has definitely) and one knows what is proper risk management and position sizing than he/she would have a lot of money in the long term. I mean there will be some winner trades and some loosers but the winners will be much bigger. It is all about risk to reward ratio.
Keep your losses small and let the profits run.
Trading this method you will have <1R loosers (so you'll keep our losses small) and almost infinite potential of winers because you'll use TSL as an exit (no emotional approach - so no greed no fear - you'll let your profits grow).
I think trading forex once mastered is the best business in the world. Almost every business in the world has some grow barriers at some certain point. That is not the case with Forex trading. You can compound your profits and grow from a small fish to a huge shark. You can trade 1 lot today, 5 lots in a month time, 20 lots in a year time and so on.
I am very happy that I am with you guys and galls during our journey to a better life. Hopefully we will become sharks one day.
Thank you Jacko for you support and for being our light in the dark.
I hope everyone will have a nice weekend. I'm planing to take my wife and daughter for a nice trip outside the city and relax
Ocean