You need to find a good average for your take profits to give you confidence to stay in winning trades longer. For that you must perform the ritual of ghetto-backtest. Ghetto-backtest Buy a black cat, then wait until full moon Look at charts that ...

What is your weekly return?

You have a bad ratio on your tp/sl. If you are still losing money on a 65% win rate means you have a bad ratio on your TP/SL. You take wins out too early and hold losing trades for too long. Example: If you take trades at a 100p TP and 100p SL then ...

What is your weekly return?

Not using a stop-loss it like trying to pet a chihuahua you dont know and expect the situation not to end in scars and tears.

Do you use stoploss?

20% per month consistently ? I am cautiously optmistic. I think the trick is to not try to avenge when stuff goes wrong and just accept when you lost

20% per month. Is this possible?

image That's me, getting skittish and walking away with 2.5% instead of 12%+ Now excuse me while I go destroy some furniture.

Best way to keep losers small?

image Went well so far, going in for another

EUR/JPY

Yes that was stupid, but see it as an information you bought on NOT how to do it. The stinging pain of losing this amount of money is a painful reminder that will protect you from committing more stupidity with possibly larger amounts. I mean, at ...

New Guy, Seeking Valuable Advice

Gambling and trading is exactly the same thing. It is a game where you are presented with rules and probabilities

What are similarities between trading and gambling?

image The market feels was right this time.

EURUSD

"Day" traders only appear to lose quicker because everything happens faster. If you trade on a 1day timescale and the other guy on a 1h scale, you still lose or win the same, it just happens 24x slower.

90% of traders fail...

Whether your trade was a right decision or not is something you will know after you got stopped out or hit the take-profit. And if you keep repeating profitable decisions it means, statistically, that the odds are in your favor.

Best way to keep losers small?

You are stating: 1. "for everyone" is not true. Just grab any trade explorer from the leaderboards of every month and there are live accounts with high profits and win rates well over 50% for months and weeks. If someone can keep up a win rate like ...

Is it Possible to Make Money in Forex Market

If you pick the right trades, the odds are in your favor.

Best way to keep losers small?

That is not true.

Is it Possible to Make Money in Forex Market

They also feature the parts where the guy loses his marbles and trashes his furniture in a fit of total rage?

Live trades on Youtube

I named it after the Saturn 5 rocket. ( url ) I like astronomy, not astrology. Astrology is savage medieval stupidity. DO NOT ever use astrology for trading decisions or any other decision ever.

Best way to keep losers small?

Betting 90 pips down, but will pull up first within the next 20 minutes, probably 45 pips.

EUR/JPY

But in the ass-pain* lies the key. Once you write down a few hundred measures you put them into a spreadsheet and then you can calculate your own averages and so forth. You should take pride in it, because you crunched the numbers yourself. And ...

Best way to keep losers small?

Here is what you should do: Find a pattern or whatever you like to trade. Then ghetto-backtest it to see where your average turning points are on a trade(i.e. where the price would have started reversing). For example if you notice you get scared of ...

Best way to keep losers small?