free & uncensored discussion arena for TheRumpledOne
MightyOne wrote:It has been my experience that moving stops to even or a small profit virtually guarantees no profit or a small profit almost every time.
It is my belief that one should reduce risk by taking profit and not by moving stops...
but you do what you want
The more I test this concept, the more I see it happens just as you say.
It happen to me yesterday. I took off half my order then moved the
stoploss up to "protect" my order.
Price moved close to my TP but went back and hit the SL for a small gain.
Trade Your Way as Long as It Makes Money!
- rank: 150+ posts
- Posts: 289
- Joined: Fri Dec 19, 2008 7:21 pm
- Reputation: 0
- Location: Asuncion
lukx wrote:Now I'm doing everything I can too zero my account and it's even harder than to win This is how pathetic trader I am
Don't do that ... You entered the contest to learn ...Don't quit now ..
Shut down for today & start fresh tomorrow...No one can trade with anger .
- frog.gif (14.72 KiB) Viewed 927 times
JESGPY wrote:This are the trades i saw today.. i was sleeping but could have been nice trades.
MZ on D1 chart on EU
Could have taken the trade on 15m as Rat Reversal
4h chart MZ
Could have taken the trade on 15m as Rat Reversal, but is more risky.
all were buying into momentum, small stops but still against the bigger momo... plenty of discretion involved there