LOL. Nice going
i actually don’t do either
i let the market tell me where my profits will be taken.
i use a Manual Move to Break Even system
Now depending on the instrument , i will have a predetermined distance that i give the trade in which to move. let’s say for the sake of it that it’s 30 pips
so let’s say i enter a BUY trade
i might say open the trade with a stop loss of - 40 pips for arguments sake
when price goes like 20 pips in profit, i will put the stoploss IN PROFIT +1 pip
my trad is now safe
now as price increases to 30 pips in profit, i leave the S/L where it is
when price gets to 40 pips, i move the stop loss up to the +10 pips mark
YOU GET THE IDEA… right
so… when do i get out… well… if i’m always 30 pips trailing , i keep moving my T/P up until price retraces for more than 30 pips and takes out my stop loss
but by that point i am at least 60 pips in profit
so… i let the market decide when it’s going to hit my stop loss and give me money, if it keeps going up and up… I JUST KEEP RIDING IT. I’m happy to sit there for a month and rack in say 1,200 pips if need be
I LET THE MARKET MAKE THAT DECISION
but i understand you point, and trust me, it’s not so hard when you let the market decide.
in saying that i also have short trades that do not run any more than 10 pips
so… that decision is easy and no less than 5 pips
so NOT A HARD CHOICE HERE
i’m not sure what you mean by this…
IF YOU CLARIFY WHAT YOU MEAN HERE, I WILL ANSWER THE QUESTION, i’m sort of confused here.
yes, this is true, because the market has a balance to it
No it’s not
but, i suppose this depends on your point of view
can i offer a suggestion ?
Perhaps you are losing because YOU ARE CONVINCED IT IS GAMBLING and have accepted the idea that IN GAMBLING YOU HAVE TO LOSE SOMETIME
Let me ask you this aslo
IF IT’S GAMBLING, how is it that i am buying my friend a house FROM NOTHING BUT THE PROFITS FROM FOREX ON HIS LIVE ACCOUNT THAT I GOT HIM TO START WITH $1,000 AND NOTHING MORE WAS PUT IT.
BUT, I’M TRADING IT FOR HIM
Now. how am i able to do that if it’s gambling
mate, it’s not gambling… ok
but again, you have your opinion and i can live with that.
ahhhh yess I’ve been there… i have indeed
those nights when you don’t want to go to sleep but you are sooooo Wrecked that your body just gives in.
you then wake up the next moring at midday hehe
and your account is gone
YES I HAVE BEEN HERE (sad to say it)
but this does not happen to me anymore … PERIOD (i’ve learned how to stop this) and ironically, it’s called A STOP LOSS hehe
now re risk
yes the more you are willing to risk the more you can make, but IT’S CALCULATED RISK, it’s not Jump in blindly risk and pray to god for a profit (that … would be gambling)
i remember this
i used to try and figure out NFP (Non Farm Payrolls)
and i finally figured out how to do Non Farms Safely
but in the past when i didn’t know, it was sort of like, you’d do reserach before
you’d put your trade in before it started and NO MATTER WHAT YOU DID , YOU LOST
well here is the solution
YOU DO NOT PLACE YOUR TRADE BEFORE IT STARTS hehe (god i was stupid at those times) hehe
ahh, but, it’s a ll a learning experience.
this isn’t correct
this is not gravity , it’s trading
have you checked out US2000 Recently
Have you check out Silver USD lately
Your rule does not hold true on these instruments
you might say the rule… what goes up by a lot, must come down by very little (might be a better rule)
mate, if you are getting close to the 100% mark YOU ARE REALLY DOING SOMETHING WRONG
My current level % is around 3,254%
if i over trade a bit it might MAYBE … BIG MAYBE… maybe it’ll get to 900%
but it usually hangs around the 2,000% Mark
100% ??? are you crazy, You’re going to blow your account up
Anything below 400% You’re playing with fire
Below 300% Your nuts
and 150% or below, it’s almost guaranteed that you’ll blow your account on a big move
Lower your risk mate, in your case, probably by 8 - 10x the amout that you are doing now… at least stay above 1,000% for gods sake