Mustafa wrote: Tue Jan 18, 2022 9:27 pm
In the long run sophistication of your methods would matter less than how long you can sit on your trades.....
I seem to have a big problem with this. I often miss 50-70% of the move, taking a small profit.
When I try to wait for a big move in a trade, the market makes a small profit and then takes it back and comes back for my stop.
When I fix a small profit of 10-20 points and it seems that there will be no further movement, then the market moves on.
1. How do you learn to stay in a trade longer?
2. How to understand that you need to sit in this transaction, and in another transaction it is better to exit with a small profit?
XARD: That was the main reason that I switched from trading Currencies to Indices. Look at the Avg Daily Range of the instrument traded, GBPCAD's ADR is 89 whereas US2000 is 590. GBPNZD is 119 as is Geppy, gone are the days of +250 Pip$ Daily move on a currency.