What is NG for FX? "No matter how excellent the method is, you may have 5–10 consecutive losses"
Protrader's famous quote: “No matter how excellent your method, you may experience 5–10 consecutive losses.”
There are such quotes from overseas professional traders
“As you verify,
no matter how excellent your method is, it is normal to have 5 losses in real trading, 10 losses also occurs”
There is no need to worry oddly
It is good to worry and improve, but there is absolutely no need to get discouraged
There is no need to worry
saying that is easy, but in reality
don’t worry
This is the point
However, most people worry
then, how can you stop worrying?
As I have touched on many times on this blog, there is a key here
The turning point is whether you can make money or not
Cutting losses ≠ losing
If the direction changes, just cut losses and re-enter
By the way, in my method, I have had several 5-loss streaks in the past, but I have never had a 10-loss streak
Even if I had a 10-loss streak, as long as I can view it as a cost, there is no problem
One of my drinking buddies does a side business,
it isn’t FX, but something that yields a clear daily profit or loss
“Yesterday earned 200,000, but today −80,000” type of thing
Not only in FX, sometimes you have to take risks
The method I am currently practicing is here
[Steadily +10 pips per day]
Learned from pro traders, this is how I escaped the losing group with a 1-minute FX method (2–5 hours per day)
Explained with smartphone chart images
[Entry points][Exit points] are clear with an easy-to-understand logic
■ Thought processes of overseas pro traders (legendary investors Buffett and Soros)
A trading method not to “win” but to “make money”
Trade based on expectancy of “going long where the probability of rising is high,” not on win rate
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https://www.gogojungle.co.jp/tools/ebooks/76385
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