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Problem is, works in a ranging environment but when market is trending breakouts will work and your strategy will probably fall apart, but that being said..... market ranges very often so it could work

Bit of a strange way to trade

Eh? What’s funny??

Fantastic post! I don’t try to earn an income from trading, I have a full time job, I now look at is as a hobby and something to develop over the years and I try to make as good % per year as I can. I trade end of day to keep my costs down. Day trading is fun with a bit of risk capital...

That overpriced chat room

On MT4??

So....what are you selling again?

Hmmm, new profile, u have to pay to advertise here you know

Yes, don’t day trade

Trade end of day and go and live your life!

What about the year before that?

Cool, I like your office bookshelf! :cool:

No point in a discussion, won’t work. Where did this idea come from!??

Depends on your order distance and lot size and size multiplying you use. Also when you reach you limit you can hedge lock the trade with an equal opposite order and wait for a move in either direction. When one of the legs has profit you can use this to partially close a big chunk of the...

Averaging down is the only way to win

Scaling out is such a sh#t strategy, means you take maximum loss when your wrong and get minimum profit when your right

What he said

Too much risk for too little gain and too much commission, the odds are against you with 20 minute day trades I’m afraid :(

the Smaller your profit target is the more size you need to use to make money so the more risk you take on. You should have switched your size down and split it into smaller parts so you can average into a longer term position. Your going the wrong way, your going to burn out :caution:

What he said...... maybe trade end of day with small size. Day trading is a nightmare and does not mean you will make more, usually quite the opposite I find. Deposit money in the account every week and make longer term trades with less commission and higher profit targets, f#ck the “zone’ there...