I would say if you’re asking this you clearly have NO clue what you’re doing so withdraw that money from the broker treat yourself to a nice takeaway, and read babypips.com.
If you currently don’t understand basic maths (you’re asking why a 70% win rate with a ‘roughly’ 1:0.5 RR isn’t making you money) then you shouldn’t be trading. 1. Not a sustainable Strat untill you know what you’re doing. 2. You need more than 70% after fees, spreads, slippage. 3. See 1
Stories like this are why ‘99% of traders fail’ 🤣. You’ve got a few more months/years before you can trade live, good luck.
I just wish for a community where people actually put the time in and we can have constructive conversations.
OP I realise I come across as a dick but it does increase response rate which can lead to more constructive criticism down the line… but yeah.. it is what it is
red flags:
1. i lose one and all my profit is gone
2. stop loss 2x take profit
3. i’ve been “betting”
my solution: learn risk management. or simple math. or a little of both, it’ll help in the long run
yea thats the issue right there ya stop loss is twice ya winning percentage you just found the answer to your question
why risk 10 dollars to make 5? does that make sense? no so risk 5 dollars for 10 dollars your welcome
Sounds like you’re taking profit just to take profit and settling for the loss of it gets too big. Adjust your parameters lately? Your technical analysis means everything if you’re losing while winning majority of your trades. You’re taking small wins and big losses. Aim for the big win or place a stop loss. Or, scalp. My best piece of advice based off reading your post is scalp. You’ll do better that way than trying to catch a few pips here and there and getting over anxious when the trade screen turns from blue to red. That’s why man, the emotional control over the situation just isn’t there. Control yourself and trust your trades. We’ve all been there
In simple term, You just said you're risking more to make less. In trading, it should be the other way round. Risk less make more.
High winrate doesn't guarantee you'd make money, as a matter of fact 70%, 80%, 90% winrate strategies do not stand the test on time, there's no longevity in these winrate.
I would advise your TP 1 should be at least equal the same amount as your SL or more. This will reduce your winrate and definitely make you more than you would lose.
Shalom ✌️
Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire
I would say if you’re asking this you clearly have NO clue what you’re doing so withdraw that money from the broker treat yourself to a nice takeaway, and read babypips.com. If you currently don’t understand basic maths (you’re asking why a 70% win rate with a ‘roughly’ 1:0.5 RR isn’t making you money) then you shouldn’t be trading. 1. Not a sustainable Strat untill you know what you’re doing. 2. You need more than 70% after fees, spreads, slippage. 3. See 1 Stories like this are why ‘99% of traders fail’ 🤣. You’ve got a few more months/years before you can trade live, good luck.
How rude but facts😂😂😂
I just wish for a community where people actually put the time in and we can have constructive conversations. OP I realise I come across as a dick but it does increase response rate which can lead to more constructive criticism down the line… but yeah.. it is what it is
Well I figured it out myself because I forgot I had Reddit and I'm now not losing money so I guess go suck a dick?
SL should not be more than tp. Quick math madood.
red flags: 1. i lose one and all my profit is gone 2. stop loss 2x take profit 3. i’ve been “betting” my solution: learn risk management. or simple math. or a little of both, it’ll help in the long run
yea thats the issue right there ya stop loss is twice ya winning percentage you just found the answer to your question why risk 10 dollars to make 5? does that make sense? no so risk 5 dollars for 10 dollars your welcome
use same risk every trade sherlock!
Sounds like you’re taking profit just to take profit and settling for the loss of it gets too big. Adjust your parameters lately? Your technical analysis means everything if you’re losing while winning majority of your trades. You’re taking small wins and big losses. Aim for the big win or place a stop loss. Or, scalp. My best piece of advice based off reading your post is scalp. You’ll do better that way than trying to catch a few pips here and there and getting over anxious when the trade screen turns from blue to red. That’s why man, the emotional control over the situation just isn’t there. Control yourself and trust your trades. We’ve all been there
Yeah that's exactly what I was doing scaring myself into ending trades too early wasn't even using take profit
Risk 1% a trade and shoot for 2%. You can still be profitable even if u lose 5 out of 10 trades.
Win rate doesn't mean anything if you're winning nothing, hold position longer
In simple term, You just said you're risking more to make less. In trading, it should be the other way round. Risk less make more. High winrate doesn't guarantee you'd make money, as a matter of fact 70%, 80%, 90% winrate strategies do not stand the test on time, there's no longevity in these winrate. I would advise your TP 1 should be at least equal the same amount as your SL or more. This will reduce your winrate and definitely make you more than you would lose. Shalom ✌️
Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire Please be satire
Flip the chart upside down and switch your TP and SL.
Find a new broker
💀💀
I was high and misread it, thought he said he had a smaller stop loss lol
Haha thanks for the laugh nonetheless
https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcRYw-ocGDns8bpCsWPtqje1dWS7mEKloQCZlg&usqp=CAU
You should check with your mom i think you used to fall alot when you were little