forex trading practice records ( 04 )

[fx135]

Last night (17th, july 2018) I saw a signal both in M30 and H4 timeframe , so I shorted USD/CAD.

after about three hours , my float profit was about ＄160，and I wanted more

so I had to hold the position for more one day and ended up by getting less profit about ＄97

a poor trading

 

[maxinger]

no idea what is your lot size.

I am not sure if you have computed the reward : risk RR ratio.
When you entered the trade, what was your stop loss level?
stop loss = how many pips?

Your RR ratio should be > 2.

 

[fx135]

no idea what is your lot size.

I am not sure if you have computed the reward : risk RR ratio.
When you entered the trade, what was your stop loss level?
stop loss = how many pips?

Your RR ratio should be > 2.

this position was 0.8 lot.

the best RR ratio for me is >3 , but I am not a good trader now, so sometimes

the result is far apart from my initial purpose.

thanks a lot for your kindness.