Now, that's what I call "the post for the day" and btw, nice replies!
- | Joined Mar 2011 | Status: Member | 441 Posts
'For the market to work, it needs people who think that they can beat it.'
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Disliked1. My typical loss amount ranges from a few pips to 15 pips usually.Ignored
Dislikedok. i see that 1 pip take profit is nonsense.
But what stop loss is optimal if i shoot for example for 70 pips?
i tried demotrading. 15 pips stoploss hits too often. I couldn't reach enough takeprofits to cover stop losses. I made 50 trades and my account balance was negative.Ignored
Dislikedok. i see that 1 pip take profit is nonsense.
But what stop loss is optimal if i shoot for example for 70 pips?
i tried demotrading. 15 pips stoploss hits too often. I couldn't reach enough takeprofits to cover stop losses. I made 50 trades and my account balance was negative.Ignored
QuoteDislikedyou need to understand how the market works first. Then you can make systems exploiting recurring behavior. Don't avoid the first step. It is the fundament of profitable trading.
If you don't have a good system, and you can't trade with healthy psychology and discipline, most likely your account size will decrease over time. It doesn't matter how many times you trade.
2 years learning and 20k loss = make daily 1 pip or 100 pips constantly
DislikedI think it is not a bad idea to go for a 1 pip. I know traders who only want a 0.1 pip. Of course they play with millions but it does show that there is something in this strategy.Ignored
DislikedThere is a fella on here that more or less does this,graps couple of pips for a winner but loses about 50 when he loses ,
Personally I think its mad but he does it ,although he doesnt seem to overtrade ,he only does a couple of trades here and there .Here is the link to his stats
http://www.mt4i.com/users/morrisonIgnored
DislikedThere is a fella on here that more or less does this,graps couple of pips for a winner but loses about 50 when he loses ,
Personally I think its mad but he does it ,although he doesnt seem to overtrade ,he only does a couple of trades here and there .Here is the link to his stats
http://www.mt4i.com/users/morrisonIgnored