[The Pip Thief]

Do not chase trades. This is so much easier when you use PositionSizer. I think most people do not understand Position Sizing. They think it is for risk management. Yes it is for risk management, but mainly it is to allow you to buy much more with the same amount of $ Risk.

When you start to see this you will become more patient and not chase trades. WHY? Because you will see that getting in at a latter time can actually make you more money.

Check out the Photos and Calm down and do not chase trades. Just use Position Size to your advantage! The first Pic would make 241 at target and the second 402 GBP.

This trade is actually winning.

The Pip Thief

[The Pip Thief]

Got stopped out at break even.

The Pip Thief

[The Pip Thief]

Small stop big reward. I lost 2 before this for 1% each. If this one hits then it paid for these two and up 5%.

The risk was cleared on this trade several minutes after getting into the position.

Look at photo.

The Pip Thief

[The Pip Thief]

Update, almost there. 27 Minutes in! I am going to manage the trade ATR stop on a 2 minute chart now to let the trade breath but protect my profits.

The Pip Thief

[The Pip Thief]

Added 66000 to my position. Notice how my average price is still lower then where my trailing stop is. This is important because you never want to turn a winning position into a loser. Lets see if this one hits. Now using a 2 minute chart for the to manage the trade.

The Pip Thief

[The Pip Thief]

Forgot the photo.

The Pip Thief

[The Pip Thief]

Update! Check the pic.

The Pip Thief

[The Pip Thief]

Almost there! See Pic. If this works out you will have seen an excellent way to manage a trade and scale into it without hurting yourself.

The Pip thief