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Water
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Very true. By waiting for the best trades you can increase your winning percentage. When you have a very high and stable winning percentage you can increase your leverage if your risk tolerance allows it. During a given period of time its better to trade 10 lots on one trade using a setup with 95 or greater winning % than 10 trades of 1 lot with 70% winning percentage. Over many periods of time you will be much further ahead taking only the best trades.
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Why Interfering with Your Forex Trades is a Bad Idea
Water replied to Nial Fuller's topic in Trading
Very well put. One of my biggest problems. I'm sure this one issue is the dividing line between super profitability and breakeven or losing for many traders. When I think of all the times I entered into a great trade and nervously took profits prematurely it makes me sick. Its hard for me to overcome the feeling that I'm going to get my head smashed in or lose my profit if I let the trade run. I have seen the enemy!!! -
Nice article. I also like your blog. Its worth checking out.