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BiteFX replied Nov 20, 2024Basic money management... If you want to risk 100USD on this trade, divide 100usd by 800, the answer is your lot size for this trade.
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BiteFX replied Nov 20, 2024Yeah... I get the feeling. It looks like that. But... Believe me, if you can sit down with your chart and experiment or backtest with Market Structure, Fibo retracement tools for months or even years before now, you will get an idea that forms in ...
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BiteFX replied Nov 20, 2024Why should you avoid losing in trading? When in physical business life, there is provision for loss. Why not provide for a loss of a portion of your equity before ever entering the trade? Now your draw down gives back all of your profits in one ...
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BiteFX replied Nov 20, 2024Yeah brother, I still read at night a book I once read before... The Market Wizard... The habits and psychology of great traders. I don't have to wait too long to know I am wrong in my trades. Of course,I had exited the sell trade since I saw the ...
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BiteFX replied Nov 20, 2024Me, I am learning to be a market chameleon as market presents new data.
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BiteFX replied Nov 20, 2024Yes But, we have to be flexible when new data is generated by the market.
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