70 plus straight winning trades...I'm afraid to change what I'm currently doing

Beginner Questions Trading Psychology
1

I have been demo trading for a while now and testing a few things. I have gotten comfortable with a strategy which seems to get the desired results (over 100 trades with just 6 losses and the last 70 odd being winning trades, Check the screenshots).

Now someone has told me about this thing called price action and from what I gather it is essentially what I have been doing all along although I didn’t know it had a name. I want to do some in depth reading up on it but at the same time I am afraid that the place where I am at now in my trading any substantially new information may cause me to change what I am doing and give me undesirable results.

What do you guys suggest?

december trades 3.bmp (3.0 MB)
december trades 2.bmp (3.0 MB)
december trades.bmp (3.0 MB)

2

How would you summarise your strategy?

3

I suggest it’s continuously scalping the lower time frames - which will exhaust him eventually.

It sure exhausted me just by looking at his numerous trades…

4

How you implement the strategy depends on the trading decision. If the decision is perfect, it will be much easier to make a profit in the trade.

5

I’m a complete noob here so I need love to hear others’ opinions.

From what I saw with:

  • a high win rate
  • tight SL
  • very small pips per win

Why not increase his position size/risk per trade?

6

It is okay to keep working on your demo account at least until you are completely ready for a live one. Just focus on working on your strategy and you’ll be fine.

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