Interesting approach.How do you manage emotions when the price seems to go against you just before reaching your stop-loss level?
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Interesting approach.How do you manage emotions when the price seems to go against you just before reaching your stop-loss level?
Emotions are what destroys most traders.If you entered with a plan, let the Stop -los do its job.Do not change anything for the simple fear of losing.If they get you, there will be another chance.
The key in this strategy seems to be in patience.How do you determine how many operations perform a week or a week?
Do not put a fixed number of operations.If the market does not give you clear signs, do not operate.A few weeks can be very active, and others, calmer.Do not force you just for doing something.
Emotions are a constant challenge.I try to stay faithful to my plan and accept that some operations will be lost.If I adhere to the rules, in the long term, the profits should exceed losses.As for the number of operations, I do not have a fixed objective.Sometimes I can spend several days without operating if I don't see a clear configuration.The important thing is not to force tickets.
Exactly.Forcing the tickets because you feel that "you have to do something" is a trap.It is better not to operate for a week than to enter operations that do not meet your criteria.
Thanks for sharing your strategy.I'm going to start backtesting.I think I could adjust to my trading style.
Do both backtesting and you can before using real money.The price action is powerful, but you have to understand how it reacts in different markets and conditions.
How effective do you think it is to use this shorter time frames, such as 15 -minute or even 5 minutes graphics?
The problem with 5 or 15 minutes graphics is noise.The signals in those frames are not as reliable as in the largest graphics.You could end up entering false ruptures.
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