5 August
DAX
BUY 11739.06
SL 11719
TP 11809
SL HIT -1X.
Missed TP by 5 pips. Too optimistic…
what do you mean by " but in the long run, this will not be good for the account."
If you constantly take trades that is less than 2X, you will constantly need a high win ratio and you know, it could be a good month or quarter, but may be hell the next… your account would probably be in a Long draw down situation when you encounter 5 to 6 losses in a row and that could lead to a “next shining object syndrome” etc…
Just like last week, I encountered 4 losing trades in a row, then a string of 5 losses, but came out of the week ok because I take trades with min 2X targets.
1 Like
5 August
GBPUSD
BUY 1.2135
SL 1.2125
TP 1.2178
SL HIT. -1X
Missed TP by 4 pips
5 August
DAX
BUY 11730.92
SL 11715
TP 117.94
SL HIT. -1X
6 August
GBPUSD
BUY 1.2165
SL 1.2153
TP 1.2188
6 August
DAX
SELL 11686
SL 11716
TP 11546
6 August
GBPUSD
BUY 1.2190
SL 1.2179
TP 1.2129
6 August
DAX
SELL 11723.48
SL 11745
TP 11654