NVP
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If you check out MM's results - hes very consistent with a win ratio normally over 80% on multi trades
With me I rarely do over 20 scalps a day - and I can some days have say 5 bad trades - and still do 150 + pips - and then other days - i might just have 2 bad trades and struggle to make 70 pips
I make sure I am out poor trades ASAP and then try and let runners go with 30% stakes and stops in profits etc etc
It will come - but its a chore and a slog - but as you are fully aware - its all possible ;-)
one of the interesting things is to watch the markets day in day out ........perhaps focus on a particular pair............and see just how many pips you do need to be able to handle the retrace action when you do decide to enter ...
you need deep pockets to handle many of the good moves (ie the inevitable retraces) .......even after getting a good leg in off of your intital entry
and remember if you are momentum trading this is even worse ..........as you are already significantly into a move with pips being accumulated BEFORE you enter ......in effect by delaying you are running out of "runway" pips before the trade turns against you
Normally as you enter - right ? !!! 😉
on a choppy day this can cause a lot of losses ..and huge amounts of experience and practice are needed to make money
watch F and MM..........they are looking for early entries off of the bounce .................that means minimum delays and maximum possiblilities for further pips ..........its hard but the best way to trade :smart:
N