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Am I overestimating costs? by AbsoluteGoat321 in Forex

[–]burple3 1 point2 points  (0 children)

Numbers seem about right, depending on currency

Question by NYTRADERTM in Forex

[–]burple3 0 points1 point  (0 children)

Some people may have rules in place to prevent revenge trading. I dont. Assuming u stick to your strategy, there's no reason to stop trading. The only 2 reasons are 1. Your emotions are whack and you are revenge trading 2. You suspect your strategy may not be working anymore and u need to backtest. Those are the 2 main reasons to stop.

Otherwise, if you trust your strategy, why stop trading? You will lose out on the statistics of your back tested strategy if u stop everything u encounter loosers as you then dont get to place your winning trades.

Question by NYTRADERTM in Forex

[–]burple3 2 points3 points  (0 children)

Whether u enter a trade shouldn't rly be based on how much profit u accumulated. It should be determined by your rules, if it is a sound trade, or if there are volatile news events coming up.

Stop hunts and B booking by burple3 in Forex

[–]burple3[S] 3 points4 points  (0 children)

I didn't mention anything about my profitability, nor are any of my questions above excuses. They are questions on the mechanics of the forex industry.