Only the market can tell you if you are right or wrong. But if we strive for greater than 1:3 risk/reward trades. You only have to be right 33% of the time to be a profitably trader.
If you are new, trade long term (longer term time frames) Volatility combined with the Psychological hurdles is sure way to lose your whole bankroll.
Try trading with no leverage and you will see, the signals and your analysis was not the problem but the amount of leverage you were using combined with the emotional aspect of the trade that didn't allow you to hold on for the ride due to the volatility in the markets. Instead of 1:5 risk/reward, you went in numerous times with wins and losses which if you are lucky came out to a 1:1 trade.
--TRADEPLICITY
(website coming soon-follow us for updates)
If you are new, trade long term (longer term time frames) Volatility combined with the Psychological hurdles is sure way to lose your whole bankroll.
Try trading with no leverage and you will see, the signals and your analysis was not the problem but the amount of leverage you were using combined with the emotional aspect of the trade that didn't allow you to hold on for the ride due to the volatility in the markets. Instead of 1:5 risk/reward, you went in numerous times with wins and losses which if you are lucky came out to a 1:1 trade.
--TRADEPLICITY
(website coming soon-follow us for updates)
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