aliassmith wrote:prochargedmopar wrote:My day of trading,
5 pips total.
Out on same candle as entry.
m5.JPG
You are making trades to get 5 pips and not trying to get 5 pips on each trade?
Hopefully you reduced your risk also.
Not usually, but current price action can still sway my decisions.
I later took a 4 and a 5 pipper. I only let ONE hit my tp because I was away from charts.
Still working on trading psychology after all these years.
Which is also why I'm proving to myself I can actually get 5 pips a day........
My risk is always in the 5-6 pip range or NO trade.
I CAN NOT HANDLE LOSING 10 OR MORE PIPS,
FEELS TO HARD FOR ME TO RECOVER AND I'LL GO ON TILT.
So, gotta work with what I CAN do.
Small stop/small tp atm.
Later maybe I'll be able to hold longer. We'll see.