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Be careful with that phrase:)
only in aviation do they fear the word 'last' and say 'extreme' :-D
which one exactly? and why be careful with it? ))
only in aviation do they fear the word "last" and say "extreme" :-D
Close profitable positions faster - hold unprofitable positions longer
I don't like it. Profits should grow, especially on breakeven trades.
98% of traders are losing. You could try thinking differently,(98% of decision making or position holding is wrong) you are not in the target audience, you are probably in the other 2%.....
:-) but hang on, if I manage to reverse decision making, your schemes will stop working :-))))
I don't know your trading philosophy, but I do know the tendencies of the "modern learning gurus from stock trading"... man, I could go on and on about the logic chain... But I think it's clear...
Don't forget that there are golden rules, including cut the losing positions and let the profitable ones grow, or the SL must be at least twice as small as the TP. Only not everyone manages to comply with these conditions, which just means that 95 losers still do not use these rules, and you want to change the rules like these.
I think we should first define the rules that are widely used by those 95-98% of traders.