Its hard to realize that we can make more than any business playing it "safe", but we want more and want it FAST!
What happens to you I think is what happens to all billionaire entrepenuers. Money, or return, is becomes a scoreboard.
aliassmith wrote:Over time I think as I strive to get the most possible return on capital, I added more and traded longer. Overall I gave my self a full time job some days.
I had a way to make all the money I ever needed but my ego created a challenge or competition to add zeroes and be a perfect trader.
Although I love trading I feel that it might be time to go back to basics. Working with PRO recently made me think I should make my life simple and take my own advice.
Trade 1 currency pair - EURUSD (I get between .4 to .8 pip spreads)
Trade 1 timeframe - I'll look at M1 and M5 for triggers
Make the mathematics/statistics work based on 65% accuracy.
My trade type will be scalping based on micro supply/demand areas which includes zlines and pin bars and market structure.
Take profit will be based on order flow and trying to average better than a 1.25 RRR.
Money Management will be 15 pips equals 1% and be my daily max loss.
A pic from the good ole days when I learned how to scalp in 2010.