OK, after a hard day on Thursday it was nice to see this lovely +6R Profit (ignoring slippage and commission) unfold early on Friday. As you can see, this was a standard and automatic setup where the TS3 sell in line with a red STF. Profits were taken at the first target, as the STF was “weak”.
But the point is that this Profit was +6R, it would have more than made up for all the losses on Thursday and put you back onto Profit overall. This is why we keep the losses small, at just -1R, because all it takes is just one big Profit, like this, to put you back into Profit.
This is the key to successful trading, and something that this and the last post should help you all understand.
Thanks, Steve
But the point is that this Profit was +6R, it would have more than made up for all the losses on Thursday and put you back onto Profit overall. This is why we keep the losses small, at just -1R, because all it takes is just one big Profit, like this, to put you back into Profit.
This is the key to successful trading, and something that this and the last post should help you all understand.
Thanks, Steve
Posts
