Рет қаралды 28,070
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In the month of January, I made a gross profit of $68,000.
I only traded 13 days - the most important take away from this month was cutting my losers when I am incorrect ASAP and letting the winners take care of those small cuts.
Not the best in terms of win rate but I’d sacrifice low win rate for high R:R all the time.
Majority of my trades came from scalping. Looking to capitalize on short term orderflow events around my key levels. When trading this way, I have a predetermined stop loss and target in mind which enables proper risk to reward ratios. By implementing this risk management system, there are some trades which take too long to move in my direction by hanging out / accepting value at specific prices which I know due to this may mean that my entry was poorly timed. So, instead of holding for a ~3 point loss to my stop loss, I rather cut the bad position early before stop loss triggers with the thought of RE ENTERING at some point in the near future offering better confirmations and even better risk to reward.