Topic: Patient Strategy. Does the Tortoise beat the Hare?
What is wrong with only Taking Profits at, say 85 pips each time, and using maximum leverage of $500 down per trade (=1:200 or .5%) and pyramiding by buying more conracts at $500 down each time you Take Profit and waiting for another promising entry trade. If you are patient and can wait for months to have a trade made and the Pair doesn't Whipsaw sideways at less than 85 pips it should prove highly profitable in the long run and with no drawdown (except for spreads & carryover pips)? If you only day trade and only take inter day profits of 85 pips, then you wouldn't even have any carrover pip charges.
Please correct me about what is wrong with this Strategy?