If your trading strategies have positive expectancy then keep...

  1. 1,073 Posts.
    If your trading strategies have positive expectancy then keep taking your signals, if not then well...

    Constantly evaluate past trades, patterns might emerge ie buying on open leads to higher % of losing trades, stop placement leads to shakeout etc etc

    The positive i see is that you had a stop and had the discipline to follow it.

    Learn to trade price action, i think many ppl get caught up in indicators and price somehow takes the back shelf.

    Losing money is all part and parcel of trading. In the newbie stages thats fine as long as you continue to learn/develop strategies. The idea is to develop consistency and patience, only taking high probability trades.

    Def do not let public forums like HC influence any trades, group thinking can somehow justify staying in a losing trade. Plenty of examples around. (lyc etc etc)

    Blue chips are beautiful to swing trade, nice ranges, price action etc. For me anyway i cant trade penny's for the life of me.

    Best of luck






 
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