Greetings, For me personally, once I am in a trade I am adding s/l and t/p and not touching anything until I see the market change behavior. Then I am closing with either small plus or small loss - but in this case it is not such an important the result. the most important is to stay with the market sentiment :)
For me, even a small profit is valuable. Consistency matters more than the size of each trade. If an EA or a strategy can keep growing the account slowly but steadily, I think that’s much better than chasing big wins and ending up with big losses.
Trading is awesome. Before I started, I invested and lost big, but if you are into trading and have the mindset of if other can do it, I can too I think you will succeed!
The question is "Would you accept having a little profit?"
My answer is to say that more information is required. While a little profit once followed by too many little losses is not good, a little profit repeating more often (in terms of the average profit amount relative to the average loss amount and/or in terms of the frequency of profit relative to the frequency of loss) is good.
When we consider that 90%+ of traders lose, and that trader turnover is sky high, a little net profit per year likely means that you're here to stay--and on your way up instead of your way out.
In Forex market, it is important to know the return of your investment even you are a scalper to be able not to be discourage to the result of your trade.
I only accept having little losses. It is not every time that you should take a little profit, as that is not professional. Sometimes there is a reason to hold a trade (news sentiment and strong trend).
Most of the time, there is not a strong trend, but you should be able to gauge that with experience - and then you come out before you're sorry, as the market can and will be ruthless.
I agree with both of you. It makes sense to hold a trade only when there’s a solid reason – a strong trend or news. But even then, going without a stop (at least a trailing one) is more like gambling. The market can turn at any moment, and even with experience, you won’t always be able to manually get out in time. So a trailing stop isn’t just a safety net – it’s a proper tool that keeps a well-thought-out trade from turning into an emotional rollercoaster.
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For me personally, once I am in a trade I am adding s/l and t/p and not touching anything until I see the market change behavior. Then I am closing with either small plus or small loss - but in this case it is not such an important the result. the most important is to stay with the market sentiment :)
The question is "Would you accept having a little profit?"
My answer is to say that more information is required. While a little profit once followed by too many little losses is not good, a little profit repeating more often (in terms of the average profit amount relative to the average loss amount and/or in terms of the frequency of profit relative to the frequency of loss) is good.
When we consider that 90%+ of traders lose, and that trader turnover is sky high, a little net profit per year likely means that you're here to stay--and on your way up instead of your way out.
it depend,
1. how the trade risk reward ratio
2. how consistent the trading system is
I would take the small profit if it have good risk reward ratio and consistent result.
be patient lads.
In Forex market, it is important to know the return of your investment even you are a scalper to be able not to be discourage to the result of your trade.
I only accept having little losses. It is not every time that you should take a little profit, as that is not professional. Sometimes there is a reason to hold a trade (news sentiment and strong trend).
Most of the time, there is not a strong trend, but you should be able to gauge that with experience - and then you come out before you're sorry, as the market can and will be ruthless.
Sometimes there is a reason to hold a trade (news sentiment and strong trend).
It makes sense to hold a trade only when there’s a solid reason – a strong trend or news. But even then, going without a stop (at least a trailing one) is more like gambling. The market can turn at any moment, and even with experience, you won’t always be able to manually get out in time. So a trailing stop isn’t just a safety net – it’s a proper tool that keeps a well-thought-out trade from turning into an emotional rollercoaster.