lazygeorge wrote:dragon33 wrote:lukx wrote:Dragon . do you trade all the time or you have some rules like you only trade London open or NY open etc, etc, or it doesn't matter to you?
I just trade when i have time. Yes i trade all day long untill price starts slowing down.
When i am working i try to reach 30 pips/day
When i am home trading all day my target is 100/day
But when price moves fast and give me more then i stay on and take some trading day off. I have to spend my money
its hard earned even tho easy-if you catch my drift.....dragon33 on days like today have you ever found that tight stops are hit more often coz of the volatility or is it a case of.......
if your trading in the right direction and your timing is good(through experience) then will be fine.
i had 2 small stopouts totalling -17 pips and on the 3rd attempt caught GU for +67
Would you say its all about managing the losses meaning keeping them small?Also what makes you hold on for more gains as oppose to cutting a winner short,apart from more financial muscle
Managing loss against your gains is the most important ofcourse!
If the market is volatile you have to make pinpoint entry or you will hit your stops.
Don't blame it to stophunting, you just picked the wrong entry. Hunting stops does happen but not as often as most people think.
When price is running down after hitting a zeroline and price jumped back up passing the last zeroline with a lot of pips and then going down in the same direction then you can say it was a hunt.
If i see it and think about at the moment i will post a picture of a hunt.