Donsheddy:
Gold screaming selll... And dump

2288 in view

If they break past 2260
Then 2085 is also in view

Cashhy11:
I'm online, and this just crossed my eyeing zone, so I shorted it already. Hopefully I wake up to blues and not red. I only risked 0.5% on this, took two trades at Tokyo session this week already with 0.2%, and they both turned out green. So I've increased to 0.5% on this.

There's USD news at 1:30pm and 3pm today, so today's trading opportunities are already limited since I don't have open trades before, during and immediately after news event. It just made sense to take this and call it a week, since it passed all the criteria.

nzechu:
what tools do u use, to make these predictions of where u expect price to get to

DXYY:


You are right on the stress free aspect, but about the SL that's where risk management comes in, trader B can risk 80 pips and still lose the same amount of money as trader A with 15pips.

Cashhy11:
Lool. When it was about the profit aspect, you assumed they'd use the same lot sizes, but now it's about loss, you brought risk management and position sizing into the picture. You're funny.

GabsonFX2:
This week trades, attached.

Gold is making another swing short attempt after many tries since Feb 13, I have shorted with SL at 300 pips gap....swing trading.

BrightFuture48:

Big Boss pls recheck...I think the up swing has commence in earnest for next few days perhaps heading towards making a double top at D1 tf

Cashhy11:
I'm online, and this just crossed my eyeing zone, so I shorted it already. Hopefully I wake up to blues and not red. I only risked 0.5% on this, took two trades at Tokyo session this week already with 0.2%, and they both turned out green. So I've increased to 0.5% on this.

There's USD news at 1:30pm and 3pm today, so today's trading opportunities are already limited since I don't have open trades before, during and immediately after news event. It just made sense to take this and call it a week, since it passed all the criteria.

TradingGod:

I don't believe this take at all
Anybody can be successful in any career if they put the required work in

DXYY:


You got me wrong I made use of thesame lot size just for the sake of knowing who will be more profitable however even at slightly different lot sizes trader B still stands a chance at the long wrong you, you also dint factor alot things as regards trader A, 15 pips is subject to more break even trades, in reality can a 15 pips stop loss have 50 percent win rate?

Cashhy11:
Not a stupid question, it's the miseducation from the onset that caused it. Must you catch 1000pips to become profitable? No! Just be right more times than you're wrong, and you're good to go even if you trade a 1:1rr.

@thread
I just need a simple answer to one question.
Trader A:
Risks 15pips to catch 45pips, average trades per month: 12.
Win rate: 50%

Trader B: Risks 80pips to catch 240pips, average trades per month: 5.
Win rate 60%

Who's the better trader, and more likely to yield more return at the end of the year?

To my bosses, @infofirst, & @gabsonfx2. I would like to hear your opinions on this. I know Boss info is a strict #team higher pips with lower lots.
I'm just curious as to why most people frowns so much at day trading, while swing trading is more respected among "professionals"

Cashhy11:
And the swing trader won't have breakevens too? 1:3rr is 1:3, if the SL is 100pips or 10pips. You're both subjected to the same failure or success. My stoplosses are mostly less than 15pips and I have more than 70% win rate, so what are you talking about in reality? I've swing traded before and my 60-100pips SL were still hitting than my 7-10pips stoplosses does now.

infofirst:


Above kind of answer some of these.
I am team higher pips o. When I first learn on baby pips some 17 years ago, one of the core rules was to make pips and keep pips. And in reality, I have seen traders that makes plenty pips remaining in the market in the long term. I am yet to see one that makes tiny pips, big lots lasting long. Maybe when I do see, I will change my mind.
Check out Darwinex, it's a typical example.
Check out @shevychen2.

No one can rule out edge o. But most times when I emphasize Risk mgt, it is because I know deep down that most traders don't have an edge in the first place and putting risk mgt in place will keep you longer and perhaps you might develop an edge before your acct hit DD.

I think trader B will be more profitable at the end of the year....

obajoey:
Hoping to pick a new entry @ 198.800 or 198.500 then long to 210

We patiently wait.

peteregwu:
On EURCHF, I am going short with about 35pips sl...risky trade.

infofirst:
I have seen traders that makes plenty pips remaining in the market in the long term. I am yet to see one that makes tiny pips, big lots lasting long. Maybe when I do see, I will change my mind.

No one can rule out edge o. But most times when I emphasize Risk mgt, it is because I know deep down that most traders don't have an edge in the first place and putting risk mgt in place will keep you longer and perhaps you might develop an edge before your acct hit DD.

Cashhy11:
And the swing trader won't have breakevens too? 1:3rr is 1:3, if the SL is 100pips or 10pips. You're both subjected to the same failure or success. My stoplosses are mostly less than 15pips and I have more than 70% win rate, so what are you talking about in reality? I've swing traded before and my 60-100pips SL were still hitting than my 7-10pips stoplosses does now.

peteregwu:


My EURCHF is plummeting... The drop is madness. 🤑🤑🤑

Cashhy11:
Not a stupid question, it's the miseducation from the onset that caused it. Must you catch 1000pips to become profitable? No! Just be right more times than you're wrong, and you're good to go even if you trade a 1:1rr.

@thread
I just need a simple answer to one question.
Trader A:
Risks 15pips to catch 45pips, average trades per month: 12.
Win rate: 50%

Trader B: Risks 80pips to catch 240pips, average trades per month: 5.
Win rate 60%

Who's the better trader, and more likely to yield more return at the end of the year?

To my bosses, @infofirst, & @gabsonfx2. I would like to hear your opinions on this. I know Boss info is a strict #team higher pips with lower lots.
I'm just curious as to why most people frowns so much at day trading, while swing trading is more respected among "professionals"

Geovanni412:



Check two brokers, deriv and exness, for example

Enter mt5 demo, click on an instrument, and select symbol properties

You will see the contract size there.

Your total risk on indices like us500 is lotsize* price difference * contract size

If you still don't understand, open demo acct with two or three different brokers, and enter trades on indices like us500

meshpips:


A quick correction here:
Contract size under symbol properties simply show how many UNITS is one standard lot.

For currencies, we have 100,000 contract size. Meaning that 1 standard lot = 100,000 units.

0.10 lot size will be 10,000 units etc.

If the contract size is 10 that simply means that 1.00 lot size is ten times the price quote while 0.10 lot size will be one times the price quote.

An instrument with contract size of 1, means that 1.00 lot size is equal to one times the price quote.

meshpips:


Risk to reward for both traders is same (1:3 RR)

Trader A
12 trades at 50% win
= 6 wins at 3R each = 18R
6 losses at 1R each = 6R
Net profit at end of month = 18R - 6R = 12R

Trader B
5 trades at 60% win rate = 3 wins
3 wins at 3R each = 9R
2 losses at 1R each = 2R
Net profit at end of month = 9R - 2R = 7R

Trader A makes 12R while Trader B makes 7R

Trader A is the more profitable trader.

Succhrisfx:

Lol. Swing trading doesn’t necessarily require 60-100pips sl.The name “swing “ comes from how long you are willing to hold the trade.

Like Infofirst said, swing trading will keep newbies and amateurs longer in the market before losing it all because they don’t have an edge. So while trading what they know, they keep gaining experience even with the losses. Everything Infofirst is saying has to do with managing the losses.

“It is not a bad thing to lose,but if you are going to lose, lose reasonably “

-Infofirst 2024

This trade was not fully formed before I shorted it and I mentioned that, and added that I wanted to risk it. Truly, it is currently reversing against me after she moved 120 pips in my favour.

However, However, However.

I went to scalping and now have made the profits I need to balance and break even the loss in case I close this currently running short.....attached are my profits from the scalping.

We die here

GabsonFX2:
Thanks boss for the headsup: I would normally wait for today's candle to close bearish before short but I wanted to enter early and if it eventually closes bearish, I would have been in profit. I caught the first move of 120 pips, but price retraced back to my entry.

Now I'm thinking, should I exit and properly wait to see if today will close bearish or I shd just risk it.