4xpipcounter
Experienced member
- Messages
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- 30
I think that's the difference and demonstrates a different level of tolerance that all of us, as traders, have. I am the opposite. I have nerves of steel. I wait for a setup according to my methodology, then just enter the trade. It doesn't bother me too much when a trade goes against me, even a large amount of pips. The approach I use is a conservative one, which coincides with my mindset. I trade mostly countertrend, and the point of entry is an optimal one where I know momentum is waning. If I make a mistake on the entry, it will usually bounce off the S or R I entered and still yield a few pips. I just wait for that pair to hit the next level, then do it all over again. So far this month, I have 15 winning trades and 4 losing trades, which is 78.4%. My biggest loser is 38 pips, and the other 3 are single digits.
Well, at best that represents a winning trade percentage of 30 based on the stats in your signature. To come away with any profit your stops must be very, very tight. I know of traders who have 70% winners. Don't know what to say. Maybe its the difference in trading method or system. I do agree though it is wise to realize and accept the reality of losing in this business and to prepare for it in your trading...good MM etc. Controlling losses is about the only thing we can control, apart from ourselves.
Enjoy your trading day.
FX4Newbies