MHD Signals by Joseph

[Hansen]

nice and steady trading, Joseph. Keep up the good work

[MHDtrader]

Welcome abroad nc! I don't either like grid and martingel.

[MHDtrader]

Thanks Hansen! I'm trying my best to not over complicate things. I'm taking my trading seriously and will do my best to preserve my capital and respect my risk management.

[nc!]

Thanks for the green pips nice trades. nc!

[MHDtrader]

You're welcome nc!

[Hansen]

yeah, I agree - good trading Joseph. Keep up the good work //Hansen

[MHDtrader]

Thanks Hansen!

[MHDtrader]

Today I got some losing trades. The EURUSD and USDJPY showed some tendencies to breakout on a minor timeframe and I tried to capitalize I that but unfortunately these trades ended in a loss. Total loss today capped below 1%. Generally, on these setups I'm willing to risk but only with a sound mathematical risk/reward ratio.

I just want to clearify my approach risk and reward :
Perfect trades cannot exist. A perfect trade has a high probability of a big reward while risking very little. All trades are a combination of probability and risk/reward. If one side gets good probability, the other side gets good risk/reward. For a trade to take place, there has to be a reason for both the buyer and seller to trade. Therefore, a trade that is perfectly good for one side is perfectly bad for the other. No one would take a perfectly bad trade. This is one where there is a low probability of a profit, and the profit is tiny compared to the risk.

Thus, when trading pay attention to probability and control your greed and fear.

[Hansen]

thanks for explaining, Joseph. No worries. I'm pretty confident you'll make up for the loss soon enough

[Hansen]

very good trading today - Thanks Joseph!

[MHDtrader]

You're welcome Hansen. Happy pips!!!

[fabx]

Thanks Joseph, appreciated
.

[MHDtrader]

You're welcome fabx!

[Big River Man]

very good trading today - Thanks Joseph!

I agree. Thank you Joseph

Sent from my SM-G935F using Tapatalk

[MHDtrader]

thanks Big River!
Welcome to my thread! Hope to see you on simple trader.