Hi Everybody,
Here is a great example of how correct Position sizing is used in MTPredictor to keep your losses small. If you look at the attached JPYUSD 60min Chart, you can see how there was first a losing trade, but this was kept small at just -1R (or risk until). Then there was another sell setup (that nailed the very bar of the high), but again correct Position Sizing kept the initial risk on this small.
The result was that the eventual Profit on this second trade, as much larger than the loss on the first trade. Meaning that overall, even after a losing tarde money was made overall.
This is the key to successful trading - keeping your Losses small and Profits large. If you ever were struggling with how to do this, then the correct Position Sizing used in MTPredictor will help you :-)
Thanks
Steve
Here is a great example of how correct Position sizing is used in MTPredictor to keep your losses small. If you look at the attached JPYUSD 60min Chart, you can see how there was first a losing trade, but this was kept small at just -1R (or risk until). Then there was another sell setup (that nailed the very bar of the high), but again correct Position Sizing kept the initial risk on this small.
The result was that the eventual Profit on this second trade, as much larger than the loss on the first trade. Meaning that overall, even after a losing tarde money was made overall.
This is the key to successful trading - keeping your Losses small and Profits large. If you ever were struggling with how to do this, then the correct Position Sizing used in MTPredictor will help you :-)
Thanks
Steve
