Sentences with phrase «solid profit on a trade»
A little exercise to help you take profits more effectively is to ask yourself when you are up a solid profit on a trade: «What do I honestly think is the highest - probability scenario based on the current price action and market structure?»
http://www.learntotradethemarket.com/ Not exact matches
For example, if you see a very solid / key level that is near a 2R profit on your trade, you should place your profit target just before that level.
If only they would focus on the trading and not the money then success will follow, like nial points out, once you can show solid consistancy in your trading with whatever profits you have then the money will follow, in the form of other investors.
As of this writing, a solid 3R profit was possible from this trade setup, without any involvement needed on your part.
If you entered on a «trade entry trick» near the pin bar's 50 % level, you would have had to endure price initially moving in your favour, only to come all the way back to your entry over a 3 week period before then bursting higher and really making you some solid profits IF you had held on...
Scenario: It seems like whenever you hit a nice winning trade and make a solid profit you simply can not hold on to that profit for more than a week or two.