The BEST Management Strategy

Do you want to know the best management strategy?
While I admit I left some profit on the table in this specific scenario, I have found that targeting a fixed 5R works consistently for me.
It's essential to find a strategy that suits your live trading performance, rather than solely relying on theoretical profitability. Consider what your psychology can handle and simplify your approach for long-term success.
#TradeManagement #ProfitTarget #PsychologyInTrading #SimplifyTrading #ConsistentResults #forextrading

Пікірлер: 17

  • @dragonballz3458
    @dragonballz345810 ай бұрын

    You have gave so much information to us thx❤

  • @thirupugalmech
    @thirupugalmech10 ай бұрын

    That really hits hard. Thanks Matt for sharing with us ❤.

  • @Deniz_fx180
    @Deniz_fx18010 ай бұрын

    Please make avideo on risk management and trade management

  • @syaluuuuu2
    @syaluuuuu27 ай бұрын

    wow I got this new knowledge, what technique do you use ? if I use the unfilled order technique taught in the nfc community

  • @israelekwesi2194
    @israelekwesi219410 ай бұрын

    how do i start your videos from the beginning

  • @caseywilder3948
    @caseywilder394810 ай бұрын

    "Aiming to be mostly reasonable works better than trying to be coldly rational. You're not a spreadsheet. You're a person. A screwed up, emotional person...Aim to just be pretty reasonable. Reasonable is more realistic and you have a better chance of sticking with it for the long run, which is what matters most when managing money...Academic finance is devoted to finding the mathematically optimal investment strategies. My own theory is that, in the real world, people do not want the mathematically optimal strategy. They wan the strategy that maximizes for how well they sleep at night...There is, in fact, a rational reason to favor what look like irrational decisions. Here's one: Let me suggest that you love your investments. This is not traditional advice. It''s almost a badge of honor for investors to claim they're emotionless about their investments because it seems rational. But if lacking emotions about your strategy or the stocks you own increases the odds you'll walk away from them when they become difficult, what looks like rational thinking becomes a liability. The 'reasonable' investors who love their technically imperfect strategies have an edge, because they're more likely to stick with those strategies." "The Psychology of Money" Morgan Housel Point being, if it's not clear, our industry is pumped full of "optimal" approaches, but they're strictly optimal on paper. Consistency with a mediocre edge, but over a long period of time, will outperform a better edge that is too psychologically unbearable. Surviving long enough for your edge to play out and pay out is rule number one.

  • @thenature4785

    @thenature4785

    10 ай бұрын

    🙏🏼🙏🏼🙏🏼

  • @dnmseverest
    @dnmseverest7 ай бұрын

    Great videos mate! How do I contact you to ask some questions about the course? I've emailed and DM about a week ago but haven't seen a reply :)

  • @glenjaceseda5526
    @glenjaceseda552610 ай бұрын

    Lovely shift in structurr leaving am imabalance

  • @roinek2817
    @roinek28179 ай бұрын

    Hi Matt, I am thinking of slowly rotating back into Forex and was wondering if you have a broker you would recommend as a lot has changed since I was last around. ps I am in the UK

  • @nicemoses3669
    @nicemoses366910 ай бұрын

    What works on demo might not work on live, great fact

  • @delightsmith617

    @delightsmith617

    10 ай бұрын

    All markets are same whether it’s demo or live it’s your emotions and psychology that matters

  • @mariangomez510

    @mariangomez510

    10 ай бұрын

    @@delightsmith617fact!!!

  • @holybadboy5300
    @holybadboy53002 ай бұрын

    How many pips makes a daily pullback

  • @user-hg3vf3zr1e
    @user-hg3vf3zr1e4 ай бұрын

    Bro where are you

  • @A4m3d1
    @A4m3d125 күн бұрын

    Does day trader pay taxes uj

  • @richie2280
    @richie22804 ай бұрын

    You don’t post content’s anymore