Disliked{quote} I think you are a very resourceful person going by the large amount of research material you have and posted in FF. At some point in time, you will suffer information, overload which will demotivate you much more than it will motivate you. You need to find a way forward, a proper structure to teach yourself. To learn many things also will mean that you have later on unlearn many things to cultivate good trading habits. It is going to be a very long journey for you but one day you will make it good. "Cut Losses Short" ... "Let Profits...Ignored
some good input from leescofield there.
however...
agreed,
much much easier said than done.
I've got a bit better at cutting losses lately only because i've got better at reading price action and will cut a trade weather in profit or negative if i see the warning signals of a reversal. The majority of the time i've cut it ..it turned out to be the right decision.
I found if you just cut losses when price moves x pips against you ...then often price will recover and go onto reach your original tp. and then you have taken a loss when you should have taken a win and this effects your account balance quite a bit NEGATIVELY
Letting profits run is difficult as well. The greedy are often punished in this game. It's easy to say like I want 1:3 RR in profit for every trade, ..but more often than not you won't get that...
{quote} The thing about divergence is, that it is only valid so long as it's coherent with Market Structure. If there is a shift in the latter, then a divergence should show most of the time. In this sense, oscillator-price divergences are more of a confirmation tool in my eyes.
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