Weird stuff here.. are you advocating for not using a stop loss. Jeez can't even wrap my head around that. Actually the stops are what you should pay more attention to. Preservation of capital is essential to success in trading. Even the big guys use it. So i stick to my plan and trade my plan...
See this as an example. See the quick response in price. No business whatsoever. I have numerous examples. But its not the holy grail sometimes the Stars need to lime up and if they do you crack the whip and keep cracking till yhe very end. This are usually trend changing
Actually
i used the example of an sfp. Sfps happen coz stops are raided and we get a failure of a swing to be broken. Price has no business going up there to hunt for stops again coz the liquidity is already neutralized. That's why good swing failures results into massive moves away from the...
Its not that it goes against you. Its the timing of the trade thats wrong. The broker doesn't look to stop you out price does the stop. Probably investigate your trades
Its like from the frying pan to fire. Why waste alot of time demo trading and the first thing you do after depositing live funds you loose all. I actually started with live funds that i was ready to loose. I did loose it but it gave me a sense of being careful not to mess around with the markets...
I allocate more risk on trades that have higher strike rates based on my journal results. Max 5 percent on my swing failure patterns during consolidations and max 1.5 percent on lower strike rates. But i i also have levels that enable me be certain to cut my losses early. I also don't tamper...
I think that is still on a higher side. On a 10k account max loss should be like 200usd. That's my take. For a 2k account better trade mini lots 0.1-0.5 lots.
My main concern is stop loss tampering. Stops are used first and foremost for protection and invalidation levels. Most retail traders fail because of stop loss tampering. Why not leave your stops where the trade is actually invalidated. If the trade is to take you out let it do. Have a level...
I think demo is just demo. Fund a small account and test drive it. Feel the real thing and all the emotional fights you have yo take when youbsee your account go to hell. Try different strategies then when you ready and have backtested results then go all in knowing the truth.