[Practical methods logic] If you enter at points where unrealized gains are likely to appear, both take profits and stop losses become easy
【Practical methods logic in use】 Entering at a point where unrealized profit is likely makes taking profits and cutting losses easier
Enter,
and then suddenly stagnate
move in the opposite direction and wait for a comeback
Rather than in such a situation,
first, it becomes unrealized profit
in this situation
obviously, it’s very easy, isn’t it
of course, I can’t say it will always be that way
when there is “momentum,” or when momentum starts to appear
if you can enter there, it tends to become unrealized profit
What about the win rate? If you think about it, ...
any form of win is a win, and any loss is a loss, but
exit with a small loss ⇒ loss
exit with a small profit ⇒ win
In my mentor’s method and my own logic, we are doing the same
yet, it ends up classified as win or loss… it’s nonsensical
To return to unrealized profits,
if you consider entries that tend to produce unrealized profits, ... it’s already easier
When I first learned from my mentor, this way of thinking was truly eye-opening
Unrealized profits can end at 1 pip or so
There are times when you reverse against 1 pip and cut the loss
Unrealized profits can extend to 3 pips, 7 pips, sometimes 15 pips
For example, two cases here have the same result, but the actions are completely different
① After -5 pips, it comes back, then cut at -1 pip
② Unrealized profit becomes 3 pips, but then reverses to cut at -1 pip
Same “loss,” same -1 pip
No change in win rate
but, the mindset is completely different
There is also a point that it’s easier to cut losses, which is quite important
■ Entry
Entry at a position where unrealized profit is likely
That is,
Enter at a point where there is momentum and momentum is starting to appear
This is the logic aimed at, and the accompanying settlement method
■ Settlement
Let it run to take profits, cut quickly if suspicious (small loss, small gain, back to entry), if it moves against you cut at the maximum loss (−6 pips)
Everything is interconnected, so
this becomes not “trading to win” but “trading to earn”
What I am currently practicing is here
(I have also added a currency strength filter here)
★★ Steady trading of +10 pips per day (2–5 hours per day) ★★
Taking the best aspects from two techniques taught by a real professional trader (mentor),
adding a logic that clarifies entry points
A trading method that is not “to win” but to “to earn”
Trade based only on the expectation of “going up at high probability”
The thinking of overseas professional traders (legendary investors Buffet and Soros)
https://www.gogojungle.co.jp/tools/ebooks/76385
#DollarYen #EuroDollar #FXMethod #FXBeginner #FXHolyGrail #FXWinningMethod #RealTrade #Scalping #Indicator #ProTrader #FXTrade #DayTrading #DayTrader #Daytrader #WantToBeTraders
#Investment #SelfInvestment #InvestmentLife #WantToBeAnInvestor #Freelance #WantToBeFreelance #FreedomOfWork #DesireFreedom #SecondCareer #StockActive #JobChangeInProgress #RemoteWork
#AssetFormation #FundRaising #AssetManagement #IndependentBusiness #SoleProprietor #WantToBeSoleProprietor #Entrepreneurship #WantToEarn #HowToEarn #WantToStartBusiness #LeaveCorporateLife #SideBusiness #WantSideBusiness #HousewifeSideBusiness #EntrepreneurialWomen #MomEntrepreneur