Shadik wrote:Ok guys, here is my 2 trading. I know meaby its not perfect but I still try SEE. I have a big problem with TP
Both profitable +33 pips.
50 pips/day its all what I need to be happy - I think that:P I know its not much - but i think thats enough.
Ok, where was my mistake?
Thanks for help me and for this best topic ever:)
Edit: I dont know how show you my img here so there are 2 links;/ Sorry for that.
Edit2: thx ES its works:)
Your mistake is setting a static goal that is based on emotion.
If you are risking 1% per trade over 33 pips then a 33 pip gain is 1 to 1.
If you are risking 1% per trade over 1 pip then a 33 pip gain is 33 to 1!
Only speed of growth matters in the business of trading.
On the EURJPY with an ATR of 24 I would risk 16 pips as 4% with a profit target of 10.7 pips.
I would have then taken another trade in the same direction with the increase in momentum under me for a gain of anything I could get my hands on.