HOW SMALLER PROFIT TARGETS CAN IMPROVE YOUR FOREX TRADING

HOW SMALLER PROFIT TARGETS CAN IMPROVE YOUR FOREX TRADING
How many times have you read that in order to make money trading, you need to play for a big profit target, let your winning trades run and cut your losers short?

It’s sound advice, applicable in many places, and a great starting point for new traders. But it’s not the only way to make money trading.
I see a lot of traders blindly following advice that if they’re not playing for a 3 to 1, 5 to 1, or 10 to 1 reward to risk ratio then they’re doing it wrong. And that’s simply not true. Besides not always being the most optimal trade management technique, not everyone has the discipline, patience, and genetic make-up to successfully execute on a system which inherently carries so much disappointment.

I’m clearly a fan of taking smaller profit targets often and early. It fits my personality, time-frames, and setups, and it’s something that I can go out and confidently repeat each and every day.
I understand a lot of the times I’ll be leaving money on the table as the Options run away without me, but as long as I can get a piece of the move, and compound that process over and over again, then I’m doing my job.
Trading for small profit targets isn’t for everyone, but hopefully, I am here to help you  trade your #cryptos

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