the planned-versus-impulsive split being the whole story is incredibly common and incredibly useful to know this early. tag every trade next month and watch the impulsive column. the goal isnt a better strategy, its fewer entries in that column. youre closer than the red number suggests.
C
coldvision
@coldvision
posts
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my road to consistency journal, month 1, brutal honesty edition -
adding to winning trades, do you actually do this or just talk about itR = your initial risk on a trade in dollars. if you risk $200 on a trade, that's '1R = $200'. when the trade is in profit by $200, that's '1R of profit'. R is just a unit to measure trades relative to the risk you took, regardless of dollar amount. very useful for comparing across trades and accounts of different sizes.
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alpha capital review after 6 months - honest take+1. been with them 14 montsh. one missed payout that they investigated and paid within a week including apology. compared to firms that just go silent that's professional.
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myforexfunds shutdown legacy, are there lessons for current prop tradersi had $4.2k pending payout at mff when they shut. small relative to my main income but still painful. since then i request payouts immediately at minimum thresholds, never let more than a single payout cycle accumulate. small cost in efficiency, big sleep benefit.