Trading Strategies

[fx4ever]

Hi folks,

I am curious to know whether u all have trading strategies so that until that system materializes u will not put trades or u just trade discretionary ?

Do you trade maintaining proper money management?

Do you hesitate to close a order in loss or u close the order early before hit sl to reduce loss or wait for hit sl or not even use sl?

I think a traders performance much depends on proper management of trading strategies, choosing proper trade size and and managing trade losses.

 

[bablogfx]

I trade according trading plan and money management settings. Never work under influence of emotions because it turn trading to gambling.

 

[Fischer]

I agree with bablogfx, but i always use stop loss on my trades

 

[Jesse.muller]

Hi folks,

I am curious to know whether u all have trading strategies so that until that system materializes u will not put trades or u just trade discretionary ?

Do you trade maintaining proper money management?

Do you hesitate to close a order in loss or u close the order early before hit sl to reduce loss or wait for hit sl or not even use sl?

I think a traders performance much depends on proper management of trading strategies, choosing proper trade size and and managing trade losses.

It's important to stick with your initial strategy (if you have tested it over a long period).

 

[speculator]

I am curious to know whether u all have trading strategies so that until that system materializes u will not put trades or u just trade discretionary ?

If system does not show signal for an entry I simply don't trade. Otherwise it would be gambling.

Do you trade maintaining proper money management?

Of course, I am surprised you can even consider a thought to trade without a money management rules.

Do you hesitate to close a order in loss or u close the order early before hit sl to reduce loss or wait for hit sl or not even use sl?.

Never hesitate in trading, always have action plan for any scenario.

I think a traders performance much depends on proper management of trading strategies, choosing proper trade size and and managing trade losses.

You are thinking correctly