I think people think too much about position size, risk award, only 1% investment of the account and so on , and they forget the most important thing (to my mind the most imp.thing): a reliable entry exit sytem
in my childhood i liked to be an indian rather than a cowboy, maybe thats the reason why i am a fan of scalping…
its not so importat to make 100 pips a day, its more important to make 10 pips every but with probability of 99%! Thats enough to become a millionaire within a month…
Yesterday i read the threat concerning " winner/looser ratio and loosing trades are normal and so on"-well, no doubt it is normal, but its also possible to filter out all your entries, and only take in the future the best ones-those patterns, which bring you at least half a pip if you exit very fast. This threat gave me the motivation to test very exactly my trading for one day (8:00 in the morning until 11:30, and 16:00 untill 19:00) with full concentration, doing nothing beside it (like playing online chess, watching every minute the charts and back to chess, reading stories or watching the selling of ebay items)… and only observing the markets. Live scalping /day trading is a lot of stress!
The result was a day without loosers, because i realy took no risky trade, (exept the last one) and this broker gives low spreads ( 0,5 pip on EUR/USD…), for my trading style ideal.
What i want to say is not that i found the holy gral, this is just a case study, but that it is possible to cut the loosing trades against zero if you have a good entry/exit sytem.
As i have no other things to do tomorrow between 08:00 and 08:30, between 12:00 and 18:00 as well, i will try it also that way to proove for myself that cutting the loosing trades near zero is possible,under certain conditions. Lets see what will happen:money_mouth_face: