I managed to make +187.13$ today in demo account with a lot of positions that touched SL (losses, shown in red). However, when you keep good SL/TP ratio you beat the market, it’s a probability (expectancy, specifically) game!
This is just applying: when you win, win good money, but if you had a wrong analysis, do not loose much!
I will share a great video on how to beat the markets playing this simple trick! All consistent and wealthy traders do so. It is impossible to become reasonably good at this if you don’t apply this!
My last short EUR/CAD was too audacious in terms of overleverage, but I had a 10pips SL.
@bingeablenetwork ty! Not very proud of trying to hunt the EUR/CAD short though, lost 2X before putting the good position! But it helped to show how you can miss a lot of analysis (even 40-50%) and still get money!
6 days ago
4 days ago
3 days ago
@tradelikeandyfx thank you mate! I am very far from being the best but I like to show losses and wins and demonstrate you can (and certainly will) loose some analysis but you can still win playing positions with tight SL and good TP! We just need a probabilistic mind!