Forex Trading 2018- TA/FA- Setups and discussion, page-3768

  1. 221 Posts.
    3-4 weeks isn't long at all. It took me much longer than that to become consistently profitable.

    A large part of it is psychological as well as risk control. Don't beat yourself up if you have losing days / weeks - it happens to everyone.

    You did the right thing by having a break, I would definitely make it until the next day. You don't have to trade and sometimes it's best to just walk away and come back the following day with a fresh mind.

    I'm not a scalper so this will differ for you, but I have a maximum drawdown set so if I continuously lose and hit my max drawdown, then I'll walk away from the markets for a few days (sometime's even until the next week). You, being a scalper, could change this to say 4hrs - 1 day. But if you're consistently losing, I'd definitely stop trading at least for half a day, then come back fresh.

    Good luck with your trading!
 
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