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Stop Playing around
Участник с Nov 02, 2011
57 комментариев
Nov 29, 2011 at 21:57
Участник с Nov 02, 2011
57 комментариев
I started Fresh (Yes busted the other account) in this account No trying new things, No trading Gold,(BIG mistake)
sticking to what I do best.
https://www.myfxbook.com/members/TheForexFox/stop-playing/199871
Ken--TheForexFox
sticking to what I do best.
https://www.myfxbook.com/members/TheForexFox/stop-playing/199871
Ken--TheForexFox
Trade the plan that works for you!!
forex_trader_28881
Участник с Feb 07, 2011
724 комментариев
Nov 30, 2011 at 04:34
Участник с Feb 07, 2011
724 комментариев
Ken,
Just a word of advice. In that last thread not once did anyone mention trade sizes. It's all about prediction and direction. Trade sizes are far more critical than predictions and directions.
If strongly advise you to pay more attention to that aspect of the trading.
Just a word of advice. In that last thread not once did anyone mention trade sizes. It's all about prediction and direction. Trade sizes are far more critical than predictions and directions.
If strongly advise you to pay more attention to that aspect of the trading.
forex_trader_49132
Участник с Sep 30, 2011
12 комментариев
Nov 30, 2011 at 07:31
Участник с Sep 30, 2011
12 комментариев
Hmm, did you wipe out your other thread?
Участник с Nov 02, 2011
57 комментариев
Nov 30, 2011 at 07:32
Участник с Nov 02, 2011
57 комментариев
Hey Pip
Thanks for your advise, at what trade size do you think I should use 0.10, 0.05, 0.02, 0.20?
on a $500 start,
Thanks again
Ken
Thanks for your advise, at what trade size do you think I should use 0.10, 0.05, 0.02, 0.20?
on a $500 start,
Thanks again
Ken
Trade the plan that works for you!!
forex_trader_28881
Участник с Feb 07, 2011
724 комментариев
Nov 30, 2011 at 09:12
Участник с Feb 07, 2011
724 комментариев
Depends on the rest of your strategy Ken. And the specific performance of your calls. What does the worst loosing streak look like? Can you survive it?
And if you drop trade sizes when you start loosing, how does that affect profitability ? What does the average losing streak look like?
Stuff like that.
And if you drop trade sizes when you start loosing, how does that affect profitability ? What does the average losing streak look like?
Stuff like that.
forex_trader_28881
Участник с Feb 07, 2011
724 комментариев
Nov 30, 2011 at 09:15
(отредактировано Nov 30, 2011 at 09:16)
Участник с Feb 07, 2011
724 комментариев
To try and trade $500 is near impossible anyway. Smallest change you can do on a account is about $120 to $150. That's the value of 0.01 lots on a mini.
Your account is only $500, so right off the bat the chances of that account making it is about 0%. See if you can get some books from Van Tharp. He goes into detail about it.
Also the reason you can forget about that $5000 in a week.
https://www.iitm.com/tips/Tips-MM.htm
Your account is only $500, so right off the bat the chances of that account making it is about 0%. See if you can get some books from Van Tharp. He goes into detail about it.
Also the reason you can forget about that $5000 in a week.
https://www.iitm.com/tips/Tips-MM.htm
Участник с Nov 02, 2011
57 комментариев
Nov 30, 2011 at 12:09
Участник с Nov 02, 2011
57 комментариев
Hey Tim Berry The other thread is still here- $500 to freedom .
Yo Pip That $5000 in a week was just lucky, But starting with $500 to making a fulltime income is what I plan with a live account someday. My plan says it should take 14 to 16 weeks, Thanks for your input, I'll read that book by Van Tharp,
Thanks all
Ken--TheForexFox
Yo Pip That $5000 in a week was just lucky, But starting with $500 to making a fulltime income is what I plan with a live account someday. My plan says it should take 14 to 16 weeks, Thanks for your input, I'll read that book by Van Tharp,
Thanks all
Ken--TheForexFox
Trade the plan that works for you!!
forex_trader_49132
Участник с Sep 30, 2011
12 комментариев
Nov 30, 2011 at 15:28
Участник с Sep 30, 2011
12 комментариев
Yep found it last night. Not sure why I didn't see it before.... :-/
Участник с Nov 02, 2011
57 комментариев
Nov 30, 2011 at 16:04
Участник с Nov 02, 2011
57 комментариев
you would think by now I would know to place stop/loss in every trade, but no, So what happens, I go to restroom and when I get back the Eur/Usd shoots up over 230pips in about 3min blowing my account, I hope when I go live I PUT IN MY STOPS STUPID!!
needless to say Stop Playing II
https://www.myfxbook.com/members/TheForexFox/stop-playing-ii/200443
needless to say Stop Playing II
https://www.myfxbook.com/members/TheForexFox/stop-playing-ii/200443
Trade the plan that works for you!!
forex_trader_49132
Участник с Sep 30, 2011
12 комментариев
Участник с Nov 02, 2011
57 комментариев
Nov 30, 2011 at 23:03
Участник с Nov 02, 2011
57 комментариев
Yea- but now you know why I'm still demo trading, Hahaha
Trade the plan that works for you!!
forex_trader_28881
Участник с Feb 07, 2011
724 комментариев
Nov 30, 2011 at 23:28
(отредактировано Nov 30, 2011 at 23:35)
Участник с Feb 07, 2011
724 комментариев
Ya well. I also traded through that and my accounts hit new highs.
What was your intended trade? Euro or USsd, see that move was Eur. Had you had a diversified USD position you'd have survived. But you had a EurUsd which is both a Euro and Usd position with to big a trade on it.
Trade sizes, diversification. Risk management, you could use a hedging order as a stop in a different pair. Using an actual stop is pointless. But of course to hedge properly you need to understand trade values and so on...
It's really not about where you put down the trade. It's about everything else...which is much more than a stop.
What was your intended trade? Euro or USsd, see that move was Eur. Had you had a diversified USD position you'd have survived. But you had a EurUsd which is both a Euro and Usd position with to big a trade on it.
Trade sizes, diversification. Risk management, you could use a hedging order as a stop in a different pair. Using an actual stop is pointless. But of course to hedge properly you need to understand trade values and so on...
It's really not about where you put down the trade. It's about everything else...which is much more than a stop.
Участник с Oct 18, 2011
39 комментариев
Dec 01, 2011 at 03:27
Участник с Oct 18, 2011
39 комментариев
hi ken , why don't you use scrips to trade ? that would be safer , no matter what happen you will have your sl already set you can also put a trailing stop in it 🙄
*Коммерческое использование и спам не допускаются и могут привести к аннулированию аккаунта.
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