"A home run is for the losers" (from "Day Trade")

Trying to hit the jackpot is something that losers do to survive with no skill, hoping for a dramatic comeback.

It's harsh words, but words I keep in mind.

What counts as a home run in Pips is different for everyone. Each person probably has their own take profit point suited to the market, but sometimes they place a TP somewhere extreme and leave it alone. It feels like, “I’d be happy if I reach it.” The probability is low, but sometimes the TP is reached. Even if it’s a fluke, it leaves a memorable success experience, so the temptation to try it again can be strong.

Have you tested the reproducibility of that greedy TP?

No, I haven’t.

Then it’s a no-go.

It’s a simple matter, but…

Perhaps the desire to make money is what makes you do it.

Calm your mind and let’s do our best this month as well.

See you next time.