Hello can anyone tell me what would be the simplest way to make pips with the smallest stop loss possible.
Can it be done or am I looking for the impossible, all theories welcome.
Simplest way to make pips
Published on Tuesday January 24th, 2012 at 01:29PM by don555
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On Tuesday January 24th, 2012 at 02:07PM by Evermore - Like - 0 People
Price action on the daily charts.
On Tuesday January 24th, 2012 at 02:11PM by RazorX - Like - 0 People
No simple way to make pips. Lots of hard work, learning and losing. If it was easy 95% wouldn't fail. Like Evermore says - Price action. (Daily charts.... maybe depending on account size. Other time frames can be sued but thats a matter of opinion.) Price action takes time to learn, and often you'll make the wrong calls before 'getting it'
On Tuesday January 24th, 2012 at 02:11PM by RazorX - Like - 0 People
(oops other time frames can be USED... suing them is pointless lol)
On Wednesday January 25th, 2012 at 04:12PM by Evermore - Like - 0 People
I totally agree with you, Razor. I suggest that you -don555, LOL- spend some time developing a sound trading plan. By this I mean, actually defining your entry and exit points.
Trading may be simple, but is never easy.
On Friday January 27th, 2012 at 10:42AM by Brad - Like - 0 People
Think of trading like when someone goes to college for years, then goes out gets a job, and then they get real world experience. Many get taken out before they ever develop the needed skills to keep from getting taken out. They enter the markets and they get some random good fortune. Then, they think, this is easy. Then, they start to risk more. Then, they are gone. Take the time learn. Be patient. See that you can produce results over a period of time because a month can certainly be random luck.
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