Edit Your Comment
Successful Traders Mindsets
Member Since Nov 24, 2022
4 posts
Dec 26, 2022 at 18:35
Member Since Nov 24, 2022
4 posts
If you have perfect technical analysis, you have a 30% chance of winning, that's 2:1. They will lose twice and win once on average. So the ratio of stop loss and take profit is 3:1. So that you can win 3 times. And 0 emotions are allowed to play along. 1 strategy without emotions and you will win. And also look at the news and the sentiment to reduce the probability to 50/50.
Sky is the Limit.
Dec 26, 2022 at 23:50
Member Since Apr 03, 2021
470 posts
TexasRitterr posted:Emotion when trading usually will leading to making bad decisions, better stay away from the market when facing high emotional pressure. A successful trader will work with knowledge and experience not based on emotion
If you have perfect technical analysis, you have a 30% chance of winning, that's 2:1. They will lose twice and win once on average. So the ratio of stop loss and take profit is 3:1. So that you can win 3 times. And 0 emotions are allowed to play along. 1 strategy without emotions and you will win. And also look at the news and the sentiment to reduce the probability to 50/50.
Member Since Nov 24, 2022
4 posts
Member Since May 05, 2022
20 posts
Dec 27, 2022 at 10:47
Member Since May 05, 2022
20 posts
TexasRitterr posted:
Yust be like an expert adviser with a brain. Be a robot, be a machine.
I’m that’s actually not a bad advice. You need to be cold hearted while trading. Emotions are killer of risk management. Even if you are going down, being calm is what you are supposed to do.
Member Since Nov 29, 2022
40 posts
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.