I can.I use a 15 pips stop and a ratio of 1: 3.It is not infallible, but if your analysis is solid, it works well.It all depends on your strategy.
I can.I use a 15 pips stop and a ratio of 1: 3.It is not infallible, but if your analysis is solid, it works well.It all depends on your strategy.
The examples are everywhere, but you need to adapt what you see in your style.Do not copies strategies;Improvements according to your needs.
One thing is clear: if you don't have a good entry, the adjusted stop will only accelerate your losses.Work on that first.
They always say "work in your tickets."Have you ever stopped to think that perhaps the market simply does not respect our perfect strategies?
The market does not respect anyone.If you expect you to do it, you are in the wrong game.Adapt or keep losing.
It is true that the market is unpredictable, but that does not mean that all strategies are invalid.Learn to adjust your expectations and your techniques.
The real problem with tight Stops is psychological.If you cannot handle multiple small losses, you will never be consistent.
So do they suggest that I focus more on psychology and less on the technical aspect?It seems interesting, but how do I apply it in my day to day?
Start carrying a trading diary.Write down your emotions every time you lose or desire.You will be surprised how much your mental state influences your results.
Psychology is key, but do not forget the technique.A strong mind without a solid strategy only leads to well -managed losses.Work on both aspects.