That's why u're supposed to group all ur trades into setups. Not every strategy is the same. different strategies have diff rules of engagement. Some setups are scalps, some are breakouts, some are reversals, some are all day fades etc. Each with diff targets, winrates, RR etc
https://twitter.com/handan_bilgen/status/1454541182269370375
High winrate setups (like scalping or reversals) have a high chance of paying off, so they should be traded with a wider stop & quicker profit target.
Low winrate setups (like breakouts) should be traded with a tighter stop but a bigger target to make up for the shitty winrate
Low winrate setups (like breakouts) should be traded with a tighter stop but a bigger target to make up for the shitty winrate
u cant take a scalp setup & say "iLL bE pAtiEnT wiTh tArGeTs". no, that's how u get creampied.
u also cant take a shitty winrate setup (like breakouts) & take profits too fast, b/c the many times u're wrong will eat into ur profits
Be methodical with this shit
#BearTipOfTheDay
u also cant take a shitty winrate setup (like breakouts) & take profits too fast, b/c the many times u're wrong will eat into ur profits
Be methodical with this shit
#BearTipOfTheDay
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