Disliked{quote} What matters is how many set ups you are satisfied with, how accurate they are and how far they move. It is okay to have only one set up a week however it has to be very accurate. It is even better if the set up is easy to spot and generates large moves. For instance I scan 65 assets a day and I get an average of 1-3 trades per week. However that is fine for me because I know my set ups are very accurate which means i can risk more per trade. I'd rather 1-3 accurate trades 100% winrate for the week than 60 trades a week trading at 70%. What...Ignored
This point is valid. But so is the 70 percent accuracy which frankly would get you farther. I understand what you mean, and I used to wait for these until someone showed me that a 70 percent win rate with propper money management, even on the low end of 3 to 1 would propel me higher. If you make 3x on 70 percent of trades, those 30 1x losses won't amount to a hill of beans. I suggested demo, because that way it could be practiced without pain. I in no way want anyone to abandon a working strategy until they have another. Perhaps therein lies the disconnect. I have learned a lot on these forums, and I try to regurgitate it for others. We can all be better. Myself included, and I to this day test people's strategies in demo. All the while trading an entirely different way in li e. I often forget like most humans though that as much as we are similar we are different. So while I remain a student in life others are content being masters. No shade. Just difference. The sad thing is the fact the internet is so rife with condemnation that any challenge benign or not is seen as an affront. Also something I have had to check myself on. In the end though I am not here to force anything on anyone, but when I see things I myself did until someone shed light, I will suggest. All good if it falls on def ears. I did my part.
When you feel like you HAVE to trade is when you least should!