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Give yourself room.....


ive just been having a long chat with a trader i am mentoring they are getting better and better ......im impressed but you know what they are still doing thats hurting them ? they are being tooo aggressive on stops ! yes i know they are trying to boost returns by maximising profit per pip...I get it but they are missing easily 1 trade in say 5 to a small stop out move thats a 3-5 pip stop loss trade vs a b/e or small winner 20% of the time and you cant afford that ....not in this game theres some great books on how to find small % wins in your endeavours each small % increase in your edge makes to you more of a winner ....then you are closer to the tipping point that makes you a profitable trader (another good book)..... N


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