How many trading strategies do you need to be profitable?
Choosing how many trading strategies you should trade is one of the most important decisions for long term success. Many traders believe that more...
We had a lot of fun going through this user's journal. Analyzing it was especially interesting because the trader also reached out to us with some ideas and thoughts in mind. When requesting his journal review, he wrote:
"According to my analysis, my biggest issue is that my profits are not big enough. I don't know if I am placing my stops too far, but I think that is the problem, because I never seem to reach my Profit targets, and then end up closing trades for well below my targets. I don't know what to do, because my entries seem to be good. The trades seem to work well, but always reverse, and never get to my targets."
Although he seems to have a general sense of what's wrong with his trading, he can't quite pinpoint the issue. Can we help this trader move forward, and what other interesting revelations in his journal data can help us guide him towards new, positive trading approaches?
Choosing how many trading strategies you should trade is one of the most important decisions for long term success. Many traders believe that more...
Many traders know how to enter a position but become uncertain once the trade is active. This is the moment when emotions influence decisions, exits...
Most traders finish the week with a mix of feelings. They have a few good trades, a few frustrating ones, and usually a sense that things could have...