I share my new strategy.

I analyzed my numbers and I win 6 out of 10 trades in day trading but still, I was losing money. So I set new rules, a 1:4 ratio meaning if my expectation is to gain 4% to lose a maximum of 1%, thus winning 6 trades would be 24% and a 4% loss resulting in a net total of 20%. Although I found a way not to lose anything, which would be to let the chart move for a couple of candles and position my stop loss 1% above the purchase price. My mistake was greed!!! Seeing that the trade was good, I would move my TP without setting SL until the position reversed. I know it sounds very absurd but that’s how I was trading; I saw that I was already at 7% and I let it run until even seeing the evident reversal, I thought "it will recover"—another mistake was being too focused on the chart, which is part of the previous error, seeing a minimal change and the #FOMO was gaining on me. So part of the strategy is to do technical analysis, buy, set an exit position, and forget about the chart. The other is my approach to treating the few dollars as a more significant loss because without realizing it, in a month I lost 120US, that is to say, a death by a thousand cuts. #DayTradingTips