Good Evening F,
The issue I have is that I don't trade as much as I really should. I sometimes wake up, and just don't look at the screens at all.
I should be effectively be taking 10-15 trades per day, but may end up taking just above that many per week.
So do have any pearls of wisdom to help me take more trades.
Having a few bad trades is nothing to worry about my good man, as you are well aware, our subconscious knows these times come, and pass, that's why I always try to live in the moment or future, and never let the past influence my future too much. Trading on a 1 min timeframe, long term trends almost become negligible.
As for Tar, wow, what a revelation. You can not help but, doff your hat to him. I had no idea he was that good, just makes you think, how many other master traders are hiding in the shadows(Darktone et al 😉 ). I'm sure if there's anybody who can coax them out, it's you. :whistling
The great thing is, regardless of people's issues with each other, I feel that competition forces you to raise your own game.
Best
John
Hi John
Sorry I did not get around to answering your question early on this morning - but had commented in my thread - I would get around to it.
I know you have stayed and focused your trading on just one FX pair - ie the GU
I am sure by now if you have been intraday trading it - you have now taken over maybe 1000 live trades on the pair - and feel you know it very well.
To get to the next stage of over say 7 or 10 trades plus every day - ie to ideally make more pips and earn more money - but also to assist you if you had a bad say 3 -5 trades in a row - you can still end up with profit - I think you need to take on another pair - or maybe even 2 extra pairs - whilst still majoring on the GU
Ideally add the AU and UJ - or if a bit more adventurist - maybe the EJ and NU or even the Cad if not keen on the EU.
I generally trade between 3 and 5 pairs a day - out of a main 6 -8 pairs i always look at.
I might leave 30% stakes on a pair with a stop in profit - and then move to another pair to carry on with same direction scalp
Its gives you more opportunities - too win - and too lose - but if your intraday method is working well and is well tested etc and you have over say 500 good results behind you - you should be able to progress to other pairs OK
I always seem to end up with between 10 and 20 trades a day over 5 -8 hrs
Some times - i might only take 8 trades - if all good wins - no problem
then a bad morning - might mean I take over 16 -18 trades to hit target
Also though - if a busy day and on a roll - i will take over 20 trades if I think 150 -300+ pips are available. i think overtrading for my own method is actually over 40 or 50 trades a day - I could take that many - but would wear myself out and probably incur diminishing returns etc
As you know - every day throws a new challenge - and some days it's easy - other days - I have to work at it to make my target
Step by step - but if you are trading all day - or even just 4 -6 hrs - 5 -10 trades is a piece of cake
I am sure there are many profitable good traders on this Forum - like Tar and some of the other long term members - and maybe - we all use different ways and methods etc
I could say just trade from 6 am to 9 am every morning - and maybe 90% of the time I could make a very good living etc - but the more you trade - the more you learn - and in theory - if you good - the more chance you will do well and earn more
Hope that helps John
Enjoy your weekend
Regards
F
