Every trader has a different approach for trading ,so trader could be profitable no matter looking for 5 pips or 500 pips profit target .And if a strategy can handle more than 7% risk ,why not?

a basic trading rule may be the cause of our trading losses

2 trades or 20 trades ,as long as the strategy is profitable ,the 7% could be applied.

a basic trading rule may be the cause of our trading losses

The month of April ( only 17 trading days) ended with no profit ,actually it was 30 cents profits . So the monthly average profit of 70% wasn't achieved although the 7% risk /rule applied This month was difficult to trade as most of the currency ...

a basic trading rule may be the cause of our trading losses

Of course i prefer number 2 and it's more profitable ,why do you like number 1?!!!!! In number 1 you risk 10 pips to win 15 ,so you win 9x15 and lose 1x10,so total profit =125 pips in number 2 you risk 10 pips to win 150 pips you win 4x150 (make it ...

a basic trading rule may be the cause of our trading losses

Glad to know that you are secured from market surprises by hedging,specially that your account is big. It's very interesting that we have opposite trading strategies ,i have very low winning rate of 33% while yours is excellent 80% ,and i have risk ...

a basic trading rule may be the cause of our trading losses

I agree with you 100 % about the dice example,that's why i say " i hope not " ,it's possible to have 8 consecutive losses ,but that wouldn't stop me trying this new idea . I have checked your TE and and i noticed you have open 9 lots ,so hopefully ...

a basic trading rule may be the cause of our trading losses

I agree with you that we should be adapted to lose many small battles to win a big one . But i don't agree with increasing the lot size after every loss ,that's very dangerous , i think using high R:R ratio is much better.

a basic trading rule may be the cause of our trading losses

[quote=ForexFart;8889230] There's two different equations for consideration here. One, is "how many losses at 7% loss can I withstand?" And you are right (sort of) in that if you lost 8 in a row, that would be a loss of 56% of your account (7% x 8 = ...

a basic trading rule may be the cause of our trading losses

This week all losses from last week were recovered and a small profit of 20% was made . So recovering 34% drawdown,even with a slow moving choppy market , is not a big deal as long as trading plan is respected. url

a basic trading rule may be the cause of our trading losses

Shouldn't your trading system tell you when to trade and how to trade the choppy market? And i think you can use any stop loss, small or big on any time frame depending on your trading style and strategy.

Trading in choppy markets

Thank you Ramadas .

a basic trading rule may be the cause of our trading losses

100% correct.

a basic trading rule may be the cause of our trading losses

[quote=ForexFart;8876527] There is no "hope"; it's simple statistical probability. Your myFXBook profile says you lose 76% of the time. Given that win / loss ratio, it's a statistical certainty that in the course of 50 trades, you have a 79% chance ...

a basic trading rule may be the cause of our trading losses

I'm still a losing trader struggling with MM ,but working hard to be a super profitable trader. I have written here many times that i always risk 7% from 300$ ,21$ .i don't decrease it when my account decrease ,and my drawdown reached 34% in 4 ...

a basic trading rule may be the cause of our trading losses

Let's hope that it will be rarely ,and i hope never . and the losing percentage of the 8 losses would be 56% ,not 76 ,i guess 7x8 =56% ,right?

a basic trading rule may be the cause of our trading losses

In my opinion a Forex trader must look for high fast profits ,otherwise i think trading stocks or many other investments would be better . So if you are achieving more than 50% /month(5% daily average profit) ,you are doing great ,and you don't need ...

a basic trading rule may be the cause of our trading losses

I agree with you on your both today's comments 100%,actually i have already mentioned your points in my thread statements . This rule of taking a minimum of 5% risk is for traders,who are investing thousands or ten thousands $ (below 100k $ )and ...

a basic trading rule may be the cause of our trading losses

Every trade the 7% is calculated of the 300$,i don't decrease it when the account decrease,always 7% of 100%. My drawdown reached 34% last week (below 200$) after many losing trades ,but i could take the account back to about 290$ with only 3 wining ...

a basic trading rule may be the cause of our trading losses

I agree with you, for example entering all your entry at one time lead to unnecessarily losses for me this week .

a basic trading rule may be the cause of our trading losses

Good for you ,your SL must be very small. what's your average monthly profits ,is it more than 50%?and for how long you could achieve that?

a basic trading rule may be the cause of our trading losses