The loser's thread

Dim,
It all depends on situation at hand, and each one of them is unique for itself, so its hard to answer, but I do my best.
When price goes against me my exit strategy is not based on some firm rule, thus, is based on multi scenarios that runs through my mind .. such as.. how fast is price moving against me (momentum, speed).. how the very candel closes after trigger time.. where is most recent high/lows.. the preconceived read on the market prior to entery (not a prediction)and kind of read I have on the market at the given moment.. the shape of my days profit/loss for up to that point.. and yes, tolorance is one of them too and most time is no more than 25 pips bcz i want to live to fight another day and that be my only explanation for my exit decision, at that point the way I look at it is 1. i can always renter (in the occurance of market fooling me) 2. I can dance with the market and look to play the other way.
On reversal enteries I trade manage it a little wider then 1-2-3 breakout setups (system II).
All that said.. I screw up a lot and basically learning the curve in pursue to craft up this thing, its a long race.

I hope it helps.

Guys.

The dynamic that's been happening here is fantastic! I apologize not to put more weight on this thread, well, from now on I will surely do.

Trading in a fast-paced environment like I do requires practice. It can be accomplished but expect plenty of pitfalls at the beginning. It's very simple: As soon as I spot a failure to go either way, I just trade. I can't tell you when and where, I just look to be early on when the market goes unbalance. Like I said before, even if you master it, your hit ratio will be low. The key is to use small lots and be watchful on your stops.

Hi Feb Sir,

I spent a lot time reading what you posted.
To me, your guidelines are priceless.

I wanted to thank from the deepest of my heart.

Wish you the best,

Mach27