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How many times you have entered a trade and the price went directly in your favor? How often did the price move from the trade for 10-20-30 pips and moving in your direction?
Except for news, the price for me goes in the incorrect direction. Does this mean that my egy has some issues or that's just the way it is?
How a lot of you add to a trade when the price moves against you personally but the egy is still valid? What rules would you use?
Heres what happens if you utilize the increasing egy too often
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Love itQuote:
Originally Posted by ;
Pete
Look, there is a system a system.
Occasionally buying more affordable will help, sometimes it won´t.
The worst is to market components when in profit, like after some profit money 20%, another 20%, then the remainder. . .etc...
Why?
The golden rule is: keep ypour winners large and loosers little.
By downscaling you ensure that your winners are little, and the loosers hit you with the full load.
Try this: find 3 to 5 different triggers, around your service level, enter every one as they reveal...
If the trade goes your way, chances are by the time that the trend is established you will be totally loaded, then route your favourite stop on the whole pack.
If the trade goes somewhat your way, and you get stopped, chances are you will get struck with 1, maybe 2, possibly 3, seldom with everything!!! Even then your stop transferred your way, therefore it should be tolerable...
So you become hurt much less!!!
Simply do the math...
Problem is your repaired lots...I trade Oanda, therefore every position has an exact same size to the end, I trade always 5 positions.
My ordinary winner is always 5 positions, my typical looser is less the 2,5 postions!!!
So already gives you and edge, regardless of what system.
You want to carefully study the mathematics... keep it simple, always the same triggers, always the exact same exit...
30 Trades should provide you a minimal sample size, after 100 trades you know better...
You'll add below, you may add on top, based upon your system, mine will not both. . .and it´s profitable...
We all just have to pay attention. . .whenever you decide to downscale your own body'exits, remember the math works against you. . .imagine a boxer hit by 5 punches insted of 1 or 2.
That you wish to be the one hitting the other side with 5 cries, at the conclusion of your system´s close signal!!!
It´s in the detail. . .the edge is present, however, mistakes will balance it towards the other side...
Love life...