Here are some important points to consider, if you are a Price Action Trader:
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good price action trader.
4) All too often you'll find vendors proclaim that being picky and focusing on 1-2 best setups per week/month is the best approach. The fact is the more you trade the more potential net profit you can make. The trick is to find as many good expectancy setups as possible. If you can really only find 2-3 then your PA reading skills are crap. If you can't overcome the fear of losing and the focus on being picky your confidence is too low. Free your mind and trade with confidence finding trades every day should be the aim of every trader.
1) Preserving win rate at the expense of risk/reward is foolish and a sign of a lack of confidence.
2) Very rarely taking a full loss on your losing trades is not something to be proud about. It very likely means your initial Stop Loss was too wide.
3) Those who consider themselves price action trader. If you can't find multiple setups per week, even as a part time trader then you really can't call yourself a good price action trader.
4) All too often you'll find vendors proclaim that being picky and focusing on 1-2 best setups per week/month is the best approach. The fact is the more you trade the more potential net profit you can make. The trick is to find as many good expectancy setups as possible. If you can really only find 2-3 then your PA reading skills are crap. If you can't overcome the fear of losing and the focus on being picky your confidence is too low. Free your mind and trade with confidence finding trades every day should be the aim of every trader.
