Disliked{quote} Hey cigarguy, I am not criticizing, just a question about money management with your style of trading. it seems like you have a 5 pip target and 10 pip stop loss. This means you will have to win about 70% of the time to break even. Are you able to make money in this situation? Or perhaps you are managing the trades differently than my impression. Thanks.Ignored
Correct assumption for this trade, but I incorrectly let this scalp run a bit too far. I have found a small 5 pip take profit to be easy monitoring the beginning of the hour candle, PA and key levels for S&R and some other chart setups that I look at on other monitors. This is the 1st loss that I have had in approximately 20+ trades so I settled into a false comfort zone on this one. Some times I get a bit too comfortable when I have banked several consecutive wins in a row and then the market kicks me in the A _ _ telling me it's time to not fall into a false comfort zone......
Thanks for your comment.....
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