I was losing $18 before but made $26

102 viewsGeneral Discussions

I was losing $18 before but made $26

This is today’s trading

I was losing $18 before but gained $26. £500 as trading asset with 4x leverage.

https://talkimg.com/images/2024/09/24/gLlAw.jpeg

Is that good?

adrian ondachchi Answered question October 16, 2024
0

That’s trade basically, it’s either you’re losing or winning your position. However, don’t let this win get into your head, continue maintaining whatever risk tolerance strategy you’re using and don’t get greedy.

Like the first comment above, I’ll also emphasize on you doing some critical evaluation on the two trading outcome you’ve now. Get to know why the other trades we’re in lost and why you won this very one. It will help you to know you uncover underlying mistakes you were not paying attention to or probably was ignoring.

adrian ondachchi Answered question October 16, 2024
0

It’s normal to lose in trading, like you said you lost $18 before If it was the same leverage as what you did today and made $26, your ratio is pretty near to 1:1.

Are you consistently following the default risk-reward ratio, or it just depends on your guts when to exit? without stop loss, you will always lose high amount.

If you are still a beginner, then you should learn from your mistakes, review what you did, and see why you lost $18 before and won $26 today.
Anyway, congrats on your profit and be consistent.

Danusushka de zoyza Answered question October 16, 2024
0