Every answer is welcomed except for ones like "do whatever suits you"
ok e.g.
R:R ratio 1:3 your chances of winning at 80%, 20% chance of losing. assume spread is around 3pips.
3,4,5,etc trades a month or 1 huge one worth the 3,4,5,etc trades a month?
e.g. 2: 10 dollars a pip, win $300 and risk $100+30(spread) 3 times a month or $900 dollars and risk 300+90(spread) once a month.
The question came to my attention after reading on some website that apparently statistics show that majority of traders that trade frequently lose more money than traders that trade infrequently.
"professional traders are aware of the dangers of trading too frequently"
looking forward to hearing your responses.
ok e.g.
R:R ratio 1:3 your chances of winning at 80%, 20% chance of losing. assume spread is around 3pips.
3,4,5,etc trades a month or 1 huge one worth the 3,4,5,etc trades a month?
e.g. 2: 10 dollars a pip, win $300 and risk $100+30(spread) 3 times a month or $900 dollars and risk 300+90(spread) once a month.
The question came to my attention after reading on some website that apparently statistics show that majority of traders that trade frequently lose more money than traders that trade infrequently.
"professional traders are aware of the dangers of trading too frequently"
looking forward to hearing your responses.