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My strategy in a nutshell
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Mitglied seit Nov 18, 2009 735 Beiträge
speki
Mar 25 2011 at 09:47
Ok, thanks for the clarification. Pardon me if my question sounds silly: so are you trading a certain methodology or are you 'just fooling around' as the name of your (profitable) equity curve suggests. Also, I'm not too good with numbers but it does not add up: 2.0 lots trades, with 1:10 leverage, $4k account? You need $20k margin for 2.0 lots trades. You also have plus and minus big % trades. Again, sorry for asking into details, I just don't see 'the rules' you mentioned - 0.5%, 2.5% limits etc.
I ask only because you opened this new thread to discuss your stragety ... Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Mitglied seit May 30, 2010 64 Beiträge
Voffi (Voffi)
Mar 25 2011 at 09:52
Like I mentioned earlier in this thread. That account is what its name suggests 'fooling around without position sizing' that is not my usual 0.5% max risk.
A person is only limited by the thoughts he chooses. |
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Mitglied seit Nov 18, 2009 735 Beiträge
speki
Mar 25 2011 at 09:55
I see. I'm looking forward to seeing the strategy in action possibly later then. I've heard / read good things about the J16 group, tho I'm not a member so I don't know many details. Thanks for sharing and good luck.
Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Mitglied seit Jan 14, 2010 2186 Beiträge
Chikot
Mar 26 2011 at 00:30
Voffi, Hi, I like your risk control rules. I wonder why are you fooling around with huge leverage on live account and good leverage on demo account.
Nothing wrong, I understand really that those wh9o cannot trade on demo cannot tard eon live but here is paradox as you actually break risk control rule son Live but follow it on demo :) |
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Mitglied seit May 30, 2010 64 Beiträge
Voffi (Voffi)
Mar 26 2011 at 01:41
Chikot posted: Voffi, Hi, I like your risk control rules. I wonder why are you fooling around with huge leverage on live account and good leverage on demo account. Nothing wrong, I understand really that those wh9o cannot trade on demo cannot tard eon live but here is paradox as you actually break risk control rule son Live but follow it on demo :) Good question. It's an experiment, but I named it 'fooling around without position sizing' so people wouldn't take it seriously. But I am pending opening an account with ducascopy. That will be my main account. With max 0.50% risk on each trade. Strict risk profile. A person is only limited by the thoughts he chooses. |
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Mitglied seit Jan 14, 2010 2186 Beiträge
Chikot
Mar 26 2011 at 11:57
I see, but it's better not to fool with size this much :) No use even to experiment cause end result is pretty much statistically assured :)
I am trying to connect MT4 account to myfxbook and just cannot get connected. myfxbook asks me for some password but I have few and each one I enter cannot activate connection. May be you know what I am doing wrong ? :( |
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Mitglied seit Nov 18, 2009 735 Beiträge
speki
Mar 26 2011 at 13:27
'Statistically assured' LOL, this was a very diplomatic way of saying 'could get your ass kicked'.
Regarding passwords, some broker servers are closed on weekend so you won't be able to add / verify an account before market open. Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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Mitglied seit Jan 14, 2010 2186 Beiträge
Chikot
Mar 26 2011 at 17:35
Speki, I did it few times during this week with password I got from registration in mail section and have not been connected. the thing is that there is few passwords there and I am confused as to which one myfxbook wants.
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Mitglied seit Jan 14, 2010 2186 Beiträge
Chikot
Mar 26 2011 at 17:40
Regarding statistically assured it is a simple truth. No use even to test. testing with 0.5% is very reasonable.
From my experience even risking 2-3% per trade can can be dangerous. On the other hand, I have been thinking that there are some moments when probability of success is higher so, risk might be also get higher. Experienced card players know when to increase size of their bet. I think it is one thing that separate average results form spectacular, when to press advantage and risk more. If usually I risk 0.5%, but I see set up that is really high probability I can risk say 2%. I have moved to trade oil this month and trade oil exclusively. so, I see and understand there is a huge difference why currencies move and why oil moves , plus oil is a commodity. so, I am learning how determine moment when I risk just a little and when I can risk more because it is where big guys buy to run price higher or lower. |
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Mitglied seit Nov 18, 2009 735 Beiträge
speki
Mar 26 2011 at 17:54
Ah, passwords, don't tell me. I only have one complicated password so I don't have to remember many. Something like jasondonovanisthebest5555.
Hmm, not sure I get what you mean by knowing the right moment, but if you're making money with it, more powers to you. I tend to believe 'this time is never different', becoz every time I thought it was different, like: oh, look, now it's gonna break out and make me a millionaire, well, all these times I got kicked in the butt big time. Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform. |
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