DislikedFor whose people who likes Mike's style, I'll just give my 2 cents. I follow his trade mngmnt style for about 9 months now.I can say that when it starts to make sence for you, It really awesome. This suits personally to me, but there is no guarantee that it will suits you. What I want to share is that I'm in forex for 1.5 years now. And what was really annoynig lately that I chose the direction of the move right, but my tiny SL was hit 90% of the times befor big move in my direction. When I started J16 method I moved my SL to BE as fast as possible,...Ignored
Good stuff M, this is much my line of thinking and my approach to a lot of my trading. I do different things different scenarios. I know people have lots of back and forths.
Two things are important
Find something that works for you
And THINK about your trading. I am just happy to see you guys questioning the things you do and examining yourself and your trading. All we are doing here is sharing things that work for us
Good stuff
Mike