Dislikedsl at be. only got 8 pips locked in but this is a new way of playing for me so treading carefully. plus i may be doing it all wrong lol!!
Took 10 pips. playing with entries at mo. Sho, do you think you could make this way of trading work just taking 10 pips as a set take profit or should we be trying to stay in for when it runs?Ignored
minimum profit target is 2:1 or more than that.if you can stick with 3:1 at the begining .than you can make money with 40%.
if you dont use bigger proft target you wont be able to cover your loses.
at the begining dont scale out possition.other wise your profit will be smaller.
when you will get enough experience and you winning percentage is above 70%
then you can scale out possition.
when you will have enough hit rate you can use 1:1 risk reward ratio.
most of the people lose in this business because they does not understand what i said now or you can say they does not know how to manage the trade.
learn what i said.it is gonna change your life style.
sho
