Its all down to the amount that you risk and your expected gain.
For example today I have had just one trade, initial risk was 1.75% (as all my trades are), I closed it out for 50 pips which gave me 3.8% account growth. So by 9:00am I was done for the day.
The question you have to ask yourself is how much risk do you want to take.
The aim of the game is to stay alive. The more trades you enter the more chance of something going wrong. I focus on just the one pair, learning all of its intricaces. I will only enter when I know there's a high probability of it going my way. I am happy to wait all day for the one trade that I'm happy with.
Going back to multiple pairs. More pairs doesn't mean greater profits. Quite the opposite I'd say due to the added risk of more entries. Focus on one and use correct trade sizing to extract the most from it whilst limiting risk.
For example today I have had just one trade, initial risk was 1.75% (as all my trades are), I closed it out for 50 pips which gave me 3.8% account growth. So by 9:00am I was done for the day.
The question you have to ask yourself is how much risk do you want to take.
The aim of the game is to stay alive. The more trades you enter the more chance of something going wrong. I focus on just the one pair, learning all of its intricaces. I will only enter when I know there's a high probability of it going my way. I am happy to wait all day for the one trade that I'm happy with.
Going back to multiple pairs. More pairs doesn't mean greater profits. Quite the opposite I'd say due to the added risk of more entries. Focus on one and use correct trade sizing to extract the most from it whilst limiting risk.