I don’t follow the crowd — I follow my system. The rest is just noise.
{quote} Hi 10pipwarrior, Thanks for your detailed response, it’s really interesting to get your perspective! If I understood your approach correctly: You don’t focus on a strict RR but rather on good position management to maximize gains and limit losses. The main goal is to reach Break-Even (BE) quickly, by entering at levels where the market is likely to react. Once in BE, you let the position run stress-free, allowing for risk-free profits. On higher timeframes (H4/Daily/Weekly), RR becomes less important because the trend itself drives profitability...
yes aim to BE because you also get to have more trades more opportunities and still keep your capital. but also always need to respect your SL if the price is printing 50/50 and you are in draw down can still let it hit your SL or cut it early if you think it wont play out completely.
my name is 10 pip warrior for a reason,
i just grab my pips bro. every second there is an opportunity to scalp…get in break even close for profit/manage position. just depends how you trade. so find that out first before you start thinking about people’s strategies etc.
strategies to me dont exist, strategies is based on you yourself, how you understand it.
only you can understand why you took a trade and why you closed and why you lost. strategy is just an edge that YOU have, something that you understand. and this is where backtesting goes.
4 diff plays, 2024 i became a 75% win rate scalper. big wins, big loss when i do lose.
this year big wins, smaller losses, but lower win percentage. i’m at 55-60% however…a lot of break even trades. but i have less losses. but i also have more capital despite having. a lower win percentage this year
journal tells you your stats and strategy. you’ll see what works and what doesnt
Trade what’s happening, not what you think is going to happen.
- #64,407
- Feb 13, 2025 12:31am Feb 13, 2025 12:31am
{quote} Dont worry at all. its quite clear. Thanks a lot
I wish you the best of luck on your trading journey.
I don’t follow the crowd — I follow my system. The rest is just noise.
- #64,409
- Feb 13, 2025 12:50am Feb 13, 2025 12:50am
{quote} Everyone will go through their own journey and needs to find the technique that suits them and feels comfortable. Maybe my approach is easy for me but difficult for others. When I started, I tried many different techniques until I found the one that worked for me, and I’ve been using it ever since. Don’t pressure yourself if you can’t follow mine. Take your time to find or experience the technique or strategy that works best for you. It all requires experience, practice, and a lot of backtesting. You have to go through losses before you...
{quote} Simple or complicated, it doesn't matter if there is a well -founded to what we do. I am not kidding We have to laugh about it. I saw on another forum for over 10 years a guy followed by 25 people who called him "boss" posting on his thread several times a day a graph where he showed 3 levels. A technique that can be summed up in one sentence: On the reversal we place the retracement 1/2 amplitude of the previous movement (1st level) and +1/3,-1/3 the other two (labeled + and -)
sound complicated haha
I don’t follow the crowd — I follow my system. The rest is just noise.
{quote}
Not at all ... The calculation of 1/2, +1/3, and -1/3 is within a child's reach. Why were his followers waiting for him to provide that?
Fear of trading alone or doing wrong, I think.
