The only "good system" is one you developed yourself, is profitable and you thoroughly understand. Thoroughly means when market conditions change, you know what adjustments to make. You may have gotten ideas from others but the methodology has to fit your own real time cognition and personal temperaments.
Yep, we are all unique. Sitting around in a chat environment listening to a group of people pulling calls out of their ass is a waste of time. There is plenty of real work to do if you want to succeed at this.
Just noticing your risk/stop loss is usually around 4.25. Does this 16 point stop loss violate your prudent risk or does your risk column allow for such an increase, possibly due to previous profits?
I keep the total loss potential under 2 % of Total Liquid Net Worth per trade. The other trades were well under.
what I look for are trades that will give me extended gains. This entry looks better and I want to give it some more room. I think one of the keys to trading is to be able to take small losses and get right back in in tghe same direction. There are others who average trades, which I think is just a way to keep from publicly announcing that the trade was wrong.