【Key to success by method logic】You may close the position when the target value reaches +10 pips

【Secret to success by method logic】When you reach target value +10 pips, you may close the position

A trading method requires both logic and planning, including ideas that lead to capital management

What matters is trading aimed at target profits

Want to take 10 pips in one trade, or more than 10 pips
Want to take 500 pips in a month,
That kind of thing doesn’t matter

While firmly setting profit targets in trading
obtain planning and logic that fit those targets

Words of a professional trader
“Taking 10 pips or more in one trade is extremely hard; taking 1 or 2 pips is far easier”

Aiming for 10 pips in one trade! or trading where you can take 20 pips!
This is truly, truly difficult
It may depend on the person, and some may manage it with extensive study, but
well, anyway, I think it’s difficult

However
1 pip, 2 pips often move quickly, and there are many such instances
Deriving such points with logic isn’t that hard
Such points
5 pips or 7 pips can also move quickly

If you build your trade planning around those moves and base your logic on them
then…

In my method,

I set a goal of taking about 10 pips in total in a day

Even if you can derive the entry point with logic,
how will you handle the exit/close?

It isn’t very difficult to outline a logic for where a move is likely to extend

But if you enter where it’s likely to extend,
and if you’re in profit, at what point should you take profits? How should you exit?

If indicators tell you to exit this way…
and you stick to that rule, you may end up giving back profits when there’s a rebound
Even though you had a good entry point,
and even though you were in profit, you might miss out on gains

If the target is total +10 pips…
If it rises quickly, you may exit quickly
If you feel it won’t rise much, you can exit for a small profit or small loss and move on

Therefore
exit (exit strategy) should not be made into a strict logic

For example,
“It hasn’t extended much… but let’s exit anyway”
If you exit, and it later extends a bit, you may feel you’ve suffered a loss



When trading, you often think about
the maximum profit point from entry, the peak of extension

from head to tail, can you take everything? Is there such a universal method

There is no such万能 method
Even the most successful professional traders cannot do it

People often say in markets, “lose the head and tail,” but
even if you cannot take from head to tail, if you exit and it extends a bit later,
you should not think you missed out
The mindset of giving up head and tail

[Missed opportunity]⇒[Loss]
This mentality is not good

If you start thinking of “missed opportunities,”

everywhere you’ll feel you’ve missed out!

Exits are to keep overall profit positive

If the goal is total +10 pips
then trade in line with that

Even when price runs, exiting quickly isn’t always required

Common problem is small profits and big losses

Take profits as soon as you’re in profit
Don’t cut losses quickly; hold a bit when in loss

This is not acceptable

Target is total +10 pips

With this target, you cannot allow deep stops

Since you’re not aiming big in one trade, you must keep stops small
If stops are large, the total +10 pips target will drift away after several trades


If you can exit with a small loss, in the next trade you can gradually recover and turn positive

Target is total +10 pips
Therefore, losses must be kept small

A method requires logic and planning connected to capital management

Also, you must be able to trust the method
“With this method, overall you can stay positive”
That is trust and conviction

If you have that,
you will not be forced to exit immediately when in profit
or hold on when in loss; you won’t be stuck
anymore



★★Supplementary explanation PDF added clarifying exit methods (4/16)★★
What is the ongoing “New Life FX Method”
Aim for +10 pips per day to reach 1 million yen per month (trading 2–5 hours per day)
Professional traders’ 1-minute FX method explained with smartphone chart images

Two methods of pro traders (masters) combined in a good way,
・Added logic that clarifies entry points!
・Added explanation clarifying exit methods

■ Thought processes of overseas pro traders (legendary investors Buffett and Soros)
Trade not to “win” but to “make money”
Trade merely on the expectation of high likelihood of upside