FaintToasted trader's profile
Nama | FaintToasted |
Bio:
Former stockbroker to now Forex professional day trader. I trade for Traders Global Group. I also run a Forex Signals Website: https://konnectoneforexsignals.weebly.com/ You cn also join my telegram: https://t.me/joinchat/Hy9Atz7oaE9kYzVh
Gaya perdagangan:
Day trades and swing trades.
Moto:
*I kill pips for fun.*
Pengalaman | Lebih dari 5 tahun |
Lokasi |
Penjamin | 0 |
Berdaftar | Jun 19, 2021 at 21:13 |
Pengguna yang disekat | 1 |
dalam FaintToasted chart
Jun 21, 2023 at 05:25
dalam sportastro chart
May 15, 2023 at 06:01
dalam FaintToasted chart
Aug 05, 2022 at 05:23
dalam CopertTakyi chart
Jun 10, 2022 at 22:52
dalam FaintToasted chart
May 23, 2022 at 18:53
Pengguna ini tidak berkongsi sebarang sistem pada masa ini.
dalam DO you get scared over drawdowns?
Aug 14, 2022 at 18:42
dalam How long does it take one to be consistently profitable with forex trading
Aug 14, 2022 at 02:00
dalam 90% are loser ..why ?
May 31, 2022 at 05:25
dalam Forex and its earning
May 24, 2022 at 22:13
Think of this.. if you ALWAYS cut your trades short and NEVER go into the red.. guess what?? You will never lose money but will only make money. Holding on to the losing trade is a fool's game.
trade 1, trade went up 5 pips then dropped 5 pips you close -5 pips loss
trade 2, trade went up 6 pips then went 5 pips negative you closed it
trade3, same -5 pips
trade, 4same -5 pips
trade, 5same -5 pips
trade, 6 same -5 pips
trade, 7same -5 pips
trade 8, same -5 pips
trade 9, WIN 100 pips trade
trade 10, same -5 pips
Loss -45 pips Won 100 Pips +net profit/loss 55 pips
Win rate: 10%
Loss rate: 90%
You can be the worst trader in the world and still make money if you cut losses quickly even if you were only right once out of 10 times!! Losing money in trading is an impossibility if you are a wise trader.
Let’s say you are a 20 % winner on a near drawdown-less trade: You can then cut losses at -10 pips and still win every 5 tries. Never will lose money.
40% Winner, then increase it to -20 pips limit and win every 2.5 trades and STILL never lose money.
The key to this is you MUST hold the winner to a dollar amount that is a minimum of 2.1 times the total loss proceeding the winning trade.
trade 1, trade went up 5 pips then dropped 5 pips you close -5 pips loss
trade 2, trade went up 6 pips then went 5 pips negative you closed it
trade3, same -5 pips
trade, 4same -5 pips
trade, 5same -5 pips
trade, 6 same -5 pips
trade, 7same -5 pips
trade 8, same -5 pips
trade 9, WIN 100 pips trade
trade 10, same -5 pips
Loss -45 pips Won 100 Pips +net profit/loss 55 pips
Win rate: 10%
Loss rate: 90%
You can be the worst trader in the world and still make money if you cut losses quickly even if you were only right once out of 10 times!! Losing money in trading is an impossibility if you are a wise trader.
Let’s say you are a 20 % winner on a near drawdown-less trade: You can then cut losses at -10 pips and still win every 5 tries. Never will lose money.
40% Winner, then increase it to -20 pips limit and win every 2.5 trades and STILL never lose money.
The key to this is you MUST hold the winner to a dollar amount that is a minimum of 2.1 times the total loss proceeding the winning trade.