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Benjam
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Aug 06, 2017 at 06:48
Hi Panovak, appreciate the 2 cents! I do agree that trading with a demo enables you to learn without to much emotion involved & the set & forget has been added to the list! No doubt I will be switching between Demo & Live over the coming months while I am still learning, and testing different methods. Is this what you did? Or continue to do? (Trade both demo & Live)I have fully accepted that even going back to the drawing board & spending greater time on a demo, initially I will make mistakes, wrong decisions..... But I intend to document it, & l...
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Aug 06, 2017 at 06:47
Hi Kieran, thanks for your input. Two goals for me next week;1: Don't place a TP initially, only price alerts. When a price alert is hit, at this point I will place the TP.2: Focus on the pip value rather than the $ value, I am keen to see how this effects my way of thinking!Really appreciate your comments & everyone else taking the time to respond.Thanks,Ben
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Aug 03, 2017 at 11:27
Hi Aleixo1,Sorry I didn't make it clear. The point i'm making is when I setup a SL & TP, if the trade is going against me physiologically i'm good and don't move my stop and clearly have accepted I was wrong and the amount i'm happy to lose. BUT when the trade is in the direction of my TP, I am constantly second guessing if it's in the right spot, should I change to a dynamic trailing stop......Just wondering if the indecision is something all traders are facing? or just me lolThanks,Ben
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Aug 03, 2017 at 11:27
I like your thinking here! Unfortunately not in a demo, however I will give this a shot with a small amount, I am open to trying anything if it will help me improve.Thanks,Ben
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Aug 03, 2017 at 11:25
Thanks for the advice! I have tried this on my recent profitable trades and by securing profit while staying in the trade definitely makes placing the second limit easier. Thanks
Why is it easier hitting a Stop then a Limit???
ใน
นักเทรดมือใหม่
Jul 24, 2017 at 13:53
Hi,I'm relatively new to FX trading and currently working through the battles of becoming a better trader & building an effective strategy.One of my weaknesses at the moment is dealing with trades going in my favor! I'ts crazy to think i'm comfortable with a trade hitting my stop, because I have already accepted the risk and the amount i'm willing to lose. But when a trade is going in my favor my behavior changes and I start questioning myself "Should I change the limit?" or "When should I place a trailing stop?" "Should I just leave it?"I ...
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