On the 5th Oct 2017, I took 8 trades on that day.
It is the day of a major news release and for me who is a pure technical trader, I will trade as long as the chart tells me so. Do note that all these trades are also copied over to user of my trade copier service.
The purpose of this post is to show you guys that my strategies also work on major news release and I do not avoid taking trades on those days. Trust me, even those people who trade the news do their analysis on their chart before they take the trade.
Although I get into consecutive losing trades, the risk reward ratio is so big that we become profitable with 2 winning trades. This is exactly how I stay profitable every single month in trading since 2008.
If you take a look at the screenshot of my account below, you will see that my win is much much bigger than my loss and this goes to show that risk reward ratio is the key to profitable trading.
The reason why we get into those small losses is because we are trying to ride on the big trend movement and once it started, we will make the big profit and this is the power of trend trading. Our risk per trade is so small that our account still remain healthy with those consecutive losses and this is money management in trading.
Below is the email I receive from one of my user after those trades
If you are a new trader, let me tell you that the risk reward and trading in the direction of the trend are the 2 most important things in trading and you can only be profitable every month if you have these 2 factors in your strategies.
For those of you who are interested in my trade copier service where I will personally trade your account for you, you can take a look at the link below to find out more about my trade copier service.