Trading is a puzzle

Hi all , it been years i was forex factory reader , finally i'm member and this will be my mini blog. ( bare with me , English is not my 1st language )

What is trading ? Can a trader be successful with his superb 80 % winrate system alone ?

Early days of my trading journey , i had a lot of strategies and most of them can make money but somehow i always blow up the account( mini accounts).
Then i realize , there some perks we need to add to the strategy to be profitable in a long run .
a) money management
b) discipline
c) emotion control

With this 3 applied, even 50 % winrate can make money. Now Trading is puzzle , to solve it , u have to think all possibilities and enter a trade with risk vs profitability .

Risk vs profitability

My risk always will be dependable how profitability the setup is. 3% for highest and 1 % lowest, but this is really depends on capital.

So from tomorrow , i will post chart and talk about my live trading.

Trading can be stressful , indicators and long checklist before entering chart will make u feel confident , or make your decision harder.

Trading with simple rules works better for me. And watching on going trade and make decision like moving to breakeven or close early seem logic for my style. My target is 20 - 25 pips perday under duration of 1 hour or less. Risk:Reward is 1:1 but i'm trying to improve to 1:2

My trading is involved by volume , breakout candle , new high/low and daily open.

this is the simple trades from yesterday, my most trades are from Asian market.

Making this decision is less stress for me.

sell trade is driven by 2 bear power candle that break small range.

It doesn't matter how price react after my 20 pips, that y i don't target more than that.

Ok , Where is the loss u ask ? here it comes



and recovered back with a sell.

I believe that no 100% success trades unless u r using no SL and wait price to turn , that might take few day , months or margin call. That is Stress , i don't want that , if i made loss trade , i move on.

Good, I think you have potential.

You will lose less if you use at least two time frames: a higher time frame for direction/set-up, and a lower time frame for precision in trade set-up and entry.

KP

Thanks Kp, i will consider this down the road. i do have a look on daily and 4hour before entry.

A huge gap on GBPJPY, i will wait for good setup , i do have separate high risk account for my uncontrollable trading feel , will trade the gap.

i suggest you improve your risk reward ratio to increase your chances of beating the market,always remember that you are in competition with a market that wants to beat you too and i can assure you its an expert at that.Give less to the market but take more from it.