DislikedYup, thst was just reporting on the wins/losers sizes - I no longer enter with either a sl or a tp set. I am getting better re: the discipline to kill losers quick & also trying to let winners run as long as they can til reversal. I had a 30-pip winner just a little while ago....
I do believe, though, that the longer I am in the trade the more likely it is that I will f*ck up, so I am not shy about taking a quick profit, even a pip or 2 if I think I'm heading for a wall. Easy enough to re-load and blaze away again.Ignored
Thats PERFECT Sir, and Kinda where I aim to be trading style wise
Put a worst case, 20SL on ( FXCM lets me do this automatically ), then if you have a bad day / power cut worse case isn't that bad.
The Maths simply work out at the longer your in a trade then the less control you have and the nearer this becomes a 50/50 game and if you let the market start moving against you and HOPE it's going to turn again the odds are it won't until there is a lower low then your doomed.
Keep it up dude and as just said on the M1 thread, " there is no reason to overall lose money in this game" remember that.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!