i'm planning to add more contracts.before that i'm basically criticizing all of my losing trades.i'm not particularly happy with the ratio of my winning & losing days in a month.i need a standard to compare.
so,how many losing days in a month you guyz think r acceptable?on average how many points u stand to lose on all those losing trades combined?
(i've 5-8 losing days in a month & i take highest 2 points loss in a day-if that got hit,i'm done for that day)
This is a difficult question for anyone else to answer in my opinion. Your strategy could allow 30% wins and still be profitable depending on your trade management. Someone else may have a strategy that allows losses of 50 points per day based on their profit. You have to find these numbers for yourself with your strategy. One thing I found with increasing contracts however is that if you are not profitable with 1, you won't be with 2 or 3 if you're using the same strategy. In the same grain, make sure you trade the same with multiples as you did with fewer contracts. I know when I first starting increasing contracts, I also started scaling in/out which was not in my original strategy, so I changed my trading because of the contracts traded. This is okay if this is your plan but just be conscious of it if you do.
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