In the name of ALLAH who is most merciful and the master...
I strictly take trading as a business, not a gambling stuff. I have calculated approximate risk to reward ratio on every single trade with predefined profit/loss levels.
Please note:
-> Never go beyond 1.5% risk of your total trading capital on a single trade, -> Always move your stops to your entry levels after the price moves 27 pips towards target, -> Always close 72% of your trade position after market makes half movement towards target.
Every one has a right to earn a lot of money, but it can only be done by following the rules and principles very strictly!!!
REMEMBER:
I practice patience in trading. NO EMOTIONS. NO GREED. NO FEAR at all... that's how I do this business...
My Risk to Reward Ratio is usually more than 1:3 therefore if I loose a trade, I loose small capital... But when I win, I win really really big...
Day after day... Weak after weak... I GROW...
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Please take out some proportion of money from your profits and donate to the poor people...
i placed a buy this morning too tight of a stop loss and didnt wait for enough confirmation. Still waiting for the right time to get in this trade. But it keeps breaking the level caught 40 pips down just this morning.