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Jack Francisco

What Stategy Did You Apply?- Fast or Slow Profit

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I haven't got much time to follow a more impatient approach like sclaping, so I'm forced to manually trade in long term. However, I do have been trying some EA and enjoying automatic trading, it's turning out nice... have an average of 12% daily profit at the moment.

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I haven't got much time to follow a more impatient approach like sclaping, so I'm forced to manually trade in long term. However, I do have been trying some EA and enjoying automatic trading, it's turning out nice... have an average of 12% daily profit at the moment.

 

So you believe in EA and you always get profit from this?

Many traders do not believe in EA and always trade manually. Share your experience more about your automatic trading . IF it is nice , I would go for it:cool:

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So you believe in EA and you always get profit from this?

Many traders do not believe in EA and always trade manually. Share your experience more about your automatic trading . IF it is nice , I would go for it:cool:

 

I can tell you that I believe it will carry on making profits, but for the time being I'm doing OK with it. Like I told you im half and half automatic and manual, I try to keep eyes opne to see when the table turns and adjust my strategy. That's my approach. For the time being i'm using tradecopier dot com and average equity still around 12% month, so it's very nice.

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Setting unrealistic targets while trading is really dangerous as they will be more focused only the targets set by them. Most of the traders do keep high target points and not ready to come out in good profit points which is really bad. While clearing trades on the same day more importance should be given to average profits that come their way instead of waiting for more and more profits which might result in a disaster later as the trade progress. Little profits each day also will add up to a handsome profit at the end of the month which traders tend to forget

:haha:

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Setting unrealistic targets while trading is really dangerous as they will be more focused only the targets set by them. Most of the traders do keep high target points and not ready to come out in good profit points which is really bad. While clearing trades on the same day more importance should be given to average profits that come their way instead of waiting for more and more profits which might result in a disaster later as the trade progress. Little profits each day also will add up to a handsome profit at the end of the month which traders tend to forget

:haha:

 

It's a matter of style, I guess. I consider myself a safe trader as well, but no shame to say that I've lost some good pips because of being afraid to get in, and then stayed watching what I could have win...

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