"How do I trust my strat"
By back testing & studying old data. It's that simple
Your not just gonna start magically executing with no hesitation. Backtest and look at a shit ton of charts. That's the shit no one wants to do. That boring work.
But you need to do it
A good risk management strategy is to reduce size after each loss
For example, cut size in half after each loss and dont bump it back up until you recoup that previous L
EXTREMELY difficult to blow up & endure large drawdowns when you do this
@MyFundedFX All I have to show is a losing streak, BUT I’m proud of my risk management.
The downside is my GREED (at some point all positions were in profit)
All it takes is ONE MILESTONE to change your life
A single payout
A single funded account
A single breakthrough
Is all it takes to live the life of your dreams !
@casper_smc I feel that it’s admirable to have a high win rate, but for me personally High RR/low win rate would be ideal.
It’s more suitable for me because I like swing trading.
Lord, give me the grace to become the person you have created me to be, allow my actions and words today to glorify you and become a light in this slowly darkening world.
Amen!