Take Profit is just as important as Stop Loss in Forex trading. Take profit is often underestimated. Many traders believe that Take profit is an optional tool that can be disregarded. The widespread opinion is also that an important pending order is only a stop loss, which protects against losses. But this vision is absolutely… Continue reading Take profit is often underestimated.
Some thoughts about trading accuracy I truly believe that trading accuracy can completely change the trading results. So, if a trader has an unbalanced trading system that does not allow to correctly assess the risks and make the right decision, then he will lose profit due to early exits from the market or due to… Continue reading Exiting a profit trade early is a similar mistake as closing a losing trade late.
The trading profit / loss analysis on my PAMM account Euro Dollar Clear confirmation of MACD and EMA 100 crossing on the hourly chart. The trade closed by take profit I set above the key support 1.15130. The main disadvantage in this situation is a early exit when the clear signals to continue falling. I… Continue reading Profit / Loss analysis (Oct. 29-Nov 11)
BTCUSD Overview Bitcoin predictably continued to rise, after the necessary correction in an uptrend. Technically, it shows a strong intentions to grow further and show new heights. The daily MACD indicates a growth, the EMA 100 stayed below $ 53,000, the recent correction after the all-time high has allowed to get out of the overbought… Continue reading BTC correction and key levels
How to do the right thing and not lose your money. First of all, you need to assess the possible risk and consider two scenarios: – stay in the market – close the loss Try to approach this issue being calm to avoid making mistakes due to emotions. I will not stop posting that losses… Continue reading What to do if your trade goes negative?
The trading profit / loss analysis on my PAMM account The chfjpy and eurjpy trades. Opened after MACD confirmation on the 4-hour chart. But I figured that the main daily trend should start a correction. The trend continued and trades were closed by stop loss. I took the risk of entering the market against the… Continue reading Profit / Loss analysis (Oct. 18-20)
The fund manager’s way A trader with a profitable trading system has several options for growth. Independent trading and own investment in own project. Sell the trading system and provide a copy trading. Start attracting investors using a share distribution system e.g. PAMM. It is like dividends to the shareholders. Manage the investor’s account by… Continue reading Opinion: Why do I manage a PAMM account?
Trading Talks GBP/USD October 29 The situation is still under the bulls control.The Pound / Dollar tried to reverse the trend this week and broke through the lower boundary of the rising channel. But at the same time, it returned and consolidated at the key level 1.3800. The daily MACD is still bullish, but the… Continue reading Pound Dollar is still under the bulls control
Is it always worth continuing to trade after a loss? Last week, I was faced with a situation where the first trades were unprofitable. I I have closed losses of -83.3 and -83 pips, but at the same time I was able to make a profit in the end. But is it always worth continuing… Continue reading Opinion: Recover trading losses
Correcting mistakes and analysing successful trades is a key trading process. A very good practice is to write down your mistakes and successes so that you connect the subconscious mind to solve problems and remember successful actions. Below I will analyse some of my trades (See the image above). I hope my post will help… Continue reading Profit / Loss Analysis
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