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Posts by
Nasdin
Inner Circle Trader
in
Trading Systems
Feb 08, 2013 at 12:36
You don't have to get such high pip gains to make money, Just be a sniper, wait for those right moments for strong confluence of support/resistance, Lowers down your stop loss levels; increases R:R, and just getting out with 30 pips is fine too, as it would have earned you more than what those 90 pip trades do. It's the pip value that counts.Furthermore, if you lose 2% on 50 pip stop and 2% of 12 pips stop, It's easier to gain back the 2% on the 12 pips stop loss. You can practically just wait for a strong confluence and get back those 12 pips for the 2% gain, whereas the 50 pips s...
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