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Can't get profitable. Is my strategie the issue?
I’m not profitable but I’ve been consistent. So take it as it is or don’t take it all.
Did you try to back test your strategy? Backtest it and post your results.
What a lot of traders don’t understand is that, their strategy isn’t the problem. It’s their emotions and their risk management. Without risk management, you’re gambling. I don’t see a clear plan for risk in your strategy. What’s your RR? How much are you willing to loose per trade? How much are you risking per trade? These are important factors you need to consider into your strategy. Seeing that you put “predetermined target” or “predefined risk” doesn’t show that you actually have a plan for risk management.
Personally for me, I’m willing to loose only 15%-20% MAX on each trade. I always shoot for a 2:1 RR but take my profits as soon as I see market sentiment shifting through price action. If profits does hit my target, I take out initials or 75%, adjust my stop-loss to break even and let the rest of the position run to Valhalla or back to break even.
Picking the right setup is also important that goes hand in hand with your strategy. Your strategy can be amazing but if you’re not choosing the A+ setups, your strategies are going to fail.
Your strategy is similar to mines, except yours has extra seasoning. My strategy is literally opening range break and retest. I only use EMA and volume. The rest is strictly price action. I wait for price to break the five minute high or low, retest that level, and looking for continuation. I set my profit target to 2:1 and set my stop loss a little below the level it broke. That’s it. That’s my strategy. It’s profitable but my risk management has made me not to be. Other traders who share similar strategies as me are very profitable. The difference between me and them is not the strategy, but our risk management. Those profitable traders are able to be profitable by cutting out losses and taking profits when it’s due.
In my opinion, you need to plan out your risk strategy as well as your trade strategy. Without one, you’re going to loose a lot of money. It’s not all about the strategies. There’s other factors that include risk, setups, position sizing, emotions, and a lot more! You’ll soon come to realize when trading with real money that emotions will overwhelm your conscious and thought process, and your strategy will go right out the door. Focus on controlling your emotions and not revenge trade, trade just to trade, etc.
Good luck! -
Buy the dip!
It’s funny because it’s true. -
Eisha is the representative of Selfish | COMPLETED
Chum top left and bottom right
Ewwsha bottom left and bottom right
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Narrative setting nahi rukni chahiye✋🏼
Yeh Chomu real world main bhi BB khel raha. You don't watc him, apna kaam kar tu. Chomu Salllaaa -
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EV ❌️ Ghostriders ✅️
Op has skill issue -
Can't get profitable. Is my strategie the issue?
Based on your back testing, what are your results? We can start there -
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Dude’s never seen the inside of a grocery store, much less understand how they acquire their stock. -
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Oh it’s gotta be less than that! -
Info
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MicroStrategy accumulates additional 10,107 Bitcoin at over $105K per coin
Anyone checked out the graph of MSTR around the year 2000?
This man was also at the helm of the company
I know one way or another this will end badly and crypto as a whole will get fucked
They will start dumping at some point -
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OP you need to mind your business. Heard of live & let live. Else you might get into trouble for sure. -
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Caption this
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Go to any gurdwara Sahib and you might find a stall outside, you can easily get it there -
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What was the food in pic 9 called again?
Haven't been in India for a long time -
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Great job, some days back there was one person asking where to learn Konkani on this sub
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