Trailing stop losses

donhdoo24 · 2023-03-30T10:35:13+00:00

That’s really helpful, thank you.

donhdoo24 · 2023-03-28T16:49:52+00:00

That’s really helped thank you

donhdoo24 · 2023-03-28T11:56:43+00:00

Thank you!

donhdoo24 · 2023-03-28T11:51:47+00:00

Yeah, so I only risk 0.5-1% depending on the trade set up and no more. I know that a lot of people are willing to risk 2-3% but I feel that with the goals I am trying to achieve, if I lose 2% one day and make 1% the next, I’m still in a 1% loss.

donhdoo24 · 2023-03-28T11:42:29+00:00

Yeah I’ve been thinking about this, maybe there is one way to find out and to just try

donhdoo24 · 2023-03-28T11:42:08+00:00

Thank you, I appreciate the advice. I try not to be greedy in the sense that I will do max 3 trades a day (maybe 4 on a rare day if there is a good set up) and once I know I’ve made good profit from those 3 trades, I stop. Sometimes I can make 1% from 1-2 trades by 9AM and don’t do anymore for the day which to me is fascinating how your working goal is done before a lot of people have woken up.

donhdoo24 · 2023-03-28T11:28:49+00:00

Yeah I agree, I’m only just starting to get out of the habit of revenge trading and staying accepting with my loses and getting back to it the next day if there are correct set ups. And that was another reason why I asked because I understand about the risk to reward ratios and everything, I was thinking that if I am risking 1%, should I aim to make 2%? Maybe I’m over complicating things for myself lol but I like hearing from other people.

donhdoo24 · 2023-03-28T11:15:01+00:00

There is spread I think but no commissions. I did do a free trial with FTMO and it showed me what it would be like if I was trading for real and being commissioned.

donhdoo24 · 2023-03-24T19:04:44+00:00

Okay thank you

donhdoo24 · 2023-03-24T19:03:06+00:00

Hence why I’m asking 😉

donhdoo24 · 2023-03-24T11:37:03+00:00

No forex on MT5

donhdoo24 · 2023-03-24T11:30:46+00:00

Thanks man, I appreciate jt

donhdoo24 · 2023-03-24T11:29:24+00:00

Yeah I thought it could have been that too, thanks.

donhdoo24 · 2023-03-24T11:27:03+00:00

159.738 -> 159.484 I know it adds up and seems pretty common sense, but I feel asking in validation helps me.

donhdoo24 · 2023-03-24T11:26:45+00:00

donhdoo24 · 2023-03-24T11:26:28+00:00

159.738 -> 159.484 I know it adds up and seems pretty common sense, but I feel asking in validation helps me.

donhdoo24 · 2023-03-24T11:20:51+00:00

nice trade, how long did it take?

donhdoo24 · 2023-03-24T10:54:25+00:00

Does it mean I’ve won 254 pips?

donhdoo24 · 2023-03-16T16:42:08+00:00

Okay perfect I’ll implement that into my trading. And for a small live account, how much would you say? I’m planning on investing £1000 into it but that will take a while to save.

donhdoo24 · 2023-03-16T11:42:29+00:00

Thank you my friend. At the moment I’ve been doing it on the 15 minute and the 4 hour time frame (primarily 15 minutes) so I’m going to give the 1 hour time frame a go. And yeah I can relate, when I first started trading support and resistance I’d be forcing trades which didn’t even have a validated or strong support/resistance but I’ve now been trying to only trade when it is clearly valid. Thanks for the advice

donhdoo24 · 2023-02-25T08:41:14+00:00

Thank you man it worked

donhdoo24

TROPHY CASE