Disliked{quote} Going lower solves in my opinion the number one reason most traders struggle - their profits are not much larger than their losses. This is because the nastiest stat/equation in trading. Risk 5 and to make (say 3:1) you've got to make 15. Double the risk to 10 and the profit potential has to double as well to 30 (to make 3:1 just using that as an example). Increase the stop to 50 ticks and the profit needed is now 150 ticks (some crosses struggle to do that in a week). Increase that to 100 and it's a 300 ticks. So the more the stop increases...Ignored
- Joined Mar 2016 | Status: Member | 6,279 Posts
Make all possible mistakes in demo and rain in pips in live account
9jatrader Profit Today:
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- Joined Oct 2013 | Status: Pushing beyond the 4th gear. | 1,886 Posts
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
- Joined Oct 2013 | Status: Member | 2,059 Posts
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR