Quote:
|
Originally Posted by Tzachi
Atomised,
I use adx default setting.
I use 2 proprietary indicators that work with modified cci setting to point the entry points before the breakout.
Why most traders loss it all?
In my opinion its b/c they want to go for home run each time. To try to buy at the lowest point and sell at the top. NO one knows when its the lowest or the top points. So they predict, looking at a magic fib' lines, crystal ball, and HOPE.
Just take the pips the market gave you and get out. There are so many entry points to get in again and again. If you take small profit each time, at the end of the day/week/month you will be at the + side of the P/L and that the goal of the game !!!!!
Tzachi.
|
Why most traders loss it all?
In my opinion its bcoz they want to win every trade, they want to make money everyday.they stay with their losing trades and close their winning trades too early.they are only good to their brokers.
Just take your case. you would close a trade when there is a 3-5 pip profit.
I dont know when you would exit a losing trade. if you are risking 5 pips (
5 pips?) a loss would be 5+3 pips(spread) = 8 pips.
Do you really think, this is the way to trade?
Yasir.
ps:everybody is predicting/expecting the direction of the market. some use magic fib lines,crystal balls and some use adx and proprietray indicators.thats not important. whats important is to win big when you are right and lose small when you are wrong.