Made some adjustments. Instead of going for 1.5R SL to 1R TP, now I am going for 1.5R SL to 2R loss.
Reason, I did an egg count and realised that more often than not, price that went in my favour
in my opposite is true account overshot to 2R or more. So, I am leaving alot on the table.
I am currently sitting on +1.5R profits(closed) over 20 trades in my opposite is true account.
I am thinking to myself, if I were to take 2R instead of 1R, with my existing winrate of 8 losses and 12 wins
60%. I would have an additional 12R isn't it?
I'm not sure, but I'm thinking that it should be as so.
If my winrate is the same at 12 wins over 8 losses, cos I am just adding the additional R to my wins.
Not sure.
1108SGT 04032025
Reason, I did an egg count and realised that more often than not, price that went in my favour
in my opposite is true account overshot to 2R or more. So, I am leaving alot on the table.
I am currently sitting on +1.5R profits(closed) over 20 trades in my opposite is true account.
I am thinking to myself, if I were to take 2R instead of 1R, with my existing winrate of 8 losses and 12 wins
60%. I would have an additional 12R isn't it?
I'm not sure, but I'm thinking that it should be as so.
If my winrate is the same at 12 wins over 8 losses, cos I am just adding the additional R to my wins.
Not sure.
1108SGT 04032025
Trade active
Shifted TP from 1R to 2R because I forgotten to shift the TP to 2R.1739SGT 04032025
Now, I will go for 2R TP in my opposite is true account.
0540SGT 04032025
Trade closed: stop reached
-1R loss.2330SGT 04032025
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.