fantastic posts and great insights
many of which i can relate to
at the end of the day for me, i calculate profits on a yearly basis and not a day/week or month. Reason is the markets run in a cycle you can have good months and bad months too
at the end of the day its all about capital management, risk management, know when to sit on your hands and when to go in. I always average up on a strong uptrend, i dont mind not making the most profit but more so, i prefer to be ahead before increasing my trades
i moved away from this strategy this month as sitting on $110k profit got the better of me, increased my trades on the way down and cut them when i got frustrated and not taking profits fast enough and letting profits turn into losses
starting next month fresh- playing small and working myself back up.
will
report back end of month to see how i went.
i have quit my job and now FT trading so 8-2 are my working hours
traderrr
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fantastic posts and great insightsmany of which i can relate...
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