Disliked{quote} Well no.. on trade 1. when your up 30 pips which was not previously your balance, your still risking 10 pips, being up 30 pips does mean a thing.. if its not banked, it does not matter.Ignored
The way you are thinking is like the same as saying, I have 30 pip stop loss but i am not really risking anything because I made 30 pips on my last trade. It is a psychological crutch and a fallacy.
Every time a trade is in profit you are risking the positive pips of the trade plus sl. Just because you haven't closed/banked your current profit does not mean those pips are worthless to you or not yours.
You buy a house for 100k, it gains in value and is now worth 150k but you don't sell it. You keep it in the hope it will appreciate even more, unfortunately it depreciates by 50k and your house is now worth 100K again. Did you lose anything? Yes. Between when the house was worth 150k upto now where the house is worth 100k you have lost 50k in house value. Just because you Never physically had any of that 150k in physical cash doesn't mean you didn't lose anything.
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