Losses killing my wins
- This topic has 6 replies, 1 voice, and was last updated 3 months ago by Christian Harris.
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Help needed:
I’ve been short term trading for the past 3 months but I’m still experiencing overall losses.
The main challenge I’m facing is that my losses are much larger than my wins. I tend to close winning trades with a profit of around 10 pips, while my losses often reach my stop loss at about 20 pips, which erases the gains from just a couple of trades.
Should I aim for larger profits or adjust my stop loss strategy, considering that significant moves can be less frequent? Is my profit/loss ratio simply wrong?
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