Live trades

[FXSCALPER2]

if you would like me to ttake these trades for you, please go to the following site and sign up for a demo to see how it goes. Thanks.

https://fx2.oanda.com/ma/landingpad_signup_ma.shtml?makey=BVUBB1JWHQcYRRYWDVBcSB4PRB5ESgoQCkQ=

 

[WallStreetHero]

how do you put your stop loses in.

 

[FXSCALPER2]

how do you put your stop loses in.

I have a 5 pip fixed stop saved in my Oanda account so every trade is opened with that stop. Sometimes I exit before the stop is hit. Check this out: http://www.trade2win.com/boards/general-trading-chat/49024-managed-accounts-2.html

 

[WallStreetHero]

isnt that really tiny, you could be going into a loss on every trade if it keeps going 5 pips down on every trade

 

[N Rothschild]

he is a scalper

 

[WallStreetHero]

i know but you are allready 3 pips down when you open the position because of the spread.

 

[FXSCALPER2]

i know but you are allready 3 pips down when you open the position because of the spread.

Obviously I am not going to trade with a 5 pip stop regularly if my spreads are 3 pips. Indeed, it is silly to try to scalp with such spreads.

The basic idea behind any profitable trading is to win more than you lose and that is all I try to do. It makes no difference to me how many times I win or lose, it only matters how much I win or lose. Consider why, if you would be stopped all the time with a 5 pip stop, you do not trade with a very small target and a very wide or no stop.