One day...perhaps/maybe/will consider/etc...I might let you see my main trading account and then, perhaps, you will understand why setting SL is not beneficial to my account
at all.
In a nutshell, why loss 5-30% of capital by SL being triggered when I can wait it out (usually doesn't take long) and come out ahead by 0.1-??% in profits?
And over a period of time, even 0.1% do add up to beat bank interest by a light year
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Lately I have been buried up way past my eyeballs in new project works and have to heavily rely on TP being triggered to add profits to my trading accounts.
And I have absolutely no idea direction of currencies and simply placed short positions on
ANY pairs that's way up there as shown in H4 and higher time frame charts. But...very happy to say....quite a numbers of my trades TP have been triggered and those that were not triggered are
ALL in profits which I closed out pronto
I supposed that's not the best way to trade, but.......!!!!!
Any "hot tips" on which pairs to trade (preferable on "short") would be most welcome! (sort of like placing bets at the race tracks
)