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justgbp
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Bio:
6 years of Forex trading and learn that a winner must focus on risk management and enjoy losing trades which I must work on consistently.

My goal is to produce 10% monthly compound return (which is achievable) consistently to turn a $10,000 live account to $100,000 in 2 years. To do so, I must limit my loss to 2% or less per trade by placing 15 to 20 pips Stop Loss on every single position trading 10 to 1 leverage( I take 0.1 lot for $1,000 equity in my account). I also set my profit target between 46 and 70 pips per position. I close my trade before hitting my SL or TP if I see the market condition changes.
Trading Style:
I do daytrading and use 15 to 20 pip SLs for 46 to 70 pip TPs. I am able to find the entry point that the market is just about to move, either with me or against me, so my average holding time for my postions are less than 30 minutes. I consider I have great trading skills. However, I need to match up my mental skills with my trading skills, which is what I always work for constantly improvement. I can only be a profitable trader with great mental skills or my trading skills are worth nothing.
Motto:
"I must be a better person first before I can be a profital trader."
Experience: More than 5 years
Location:
Vouchers:
Registered: Sep 06 2010 at 12:22
Recent Posts All
In Why my system is not found? Sep 22 2010 at 19:31
In Why my system is not found? Sep 22 2010 at 10:09
In Why my system is not found? Sep 22 2010 at 09:42
In justgbp Sep 21 2010 at 07:32
In justgbp Sep 21 2010 at 02:06
In Arbatov PAMM Insta Sep 21 2010 at 01:40
In ATC Brokers Sep 18 2010 at 09:00
In Is there anyone willing to share their Money Management strategy? Sep 14 2010 at 21:10
In Comparing Demo Performance with Live Performance. Sep 14 2010 at 20:43
Chart
Systems
Name Gain Drawdown Pips Trading Leverage Type
justgbp 48.24% 85.51% 536.1 Manual 1:100 Real
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
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