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Členom od Nov 26, 2009 8 príspevkov
Court Robbins (intelexence)
Jul 20 2010 at 17:06
I just wanted to give an update to anybody that may see my results. From the first of March to the end of June I was mainly entering trades on a 4hr chart using everything that i've learned during my time trading forex. Starting the first of July I have switched my entries to the 15minute time frame only, targeting the daily move and not staying in longer than one day at a time. I find that this has reduced stress on my part and helped me to become a little more profitable. To each his own i guess, we all have to find our own way in this maze.
 Court If there's anything worth doing, it's worth doing right |
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Členom od Nov 26, 2009 8 príspevkov
Court Robbins (intelexence)
Jul 21 2010 at 18:20
My excessive drawdown on June 28th is due to an order entry mistake on my part. I entered 0.90 lots when I meant to enter 0.09 lots on a straddle trade. I often trade the inside and breakout of small ranges with a stop and reverse, and since I entered the market with 0.90 I was forced to counter it with an equal or greater position for the reverse, otherwise I would have been stuck with a permanent loss instead of a short bounce of drawdown.
Court If there's anything worth doing, it's worth doing right |
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Členom od Mar 04, 2010 378 príspevkov
SIM (pip2cash)
Jul 21 2010 at 18:48
intelexence posted: My excessive drawdown on June 28th is due to an order entry mistake on my part. I entered 0.90 lots when I meant to enter 0.09 lots on a straddle trade. I often trade the inside and breakout of small ranges with a stop and reverse, and since I entered the market with 0.90 I was forced to counter it with an equal or greater position for the reverse, otherwise I would have been stuck with a permanent loss instead of a short bounce of drawdown. Court Hi, EA always able to avoid human error. Thanks, SIM Low risk consistent return! For More Information on Professional Managed Account Service, Kindly visit: http://www.forexmanagedaccounts-fxmac.com/ref/6566136 |
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Členom od Nov 26, 2009 8 príspevkov
Court Robbins (intelexence)
Jul 22 2010 at 00:13
Thanks for the reply Sim, and yes you are correct, an EA would have avoided this mistake. That is why I am going to automate my entries with scripts from now on. It's through mistakes that I become a better trader.
Thanks, Court If there's anything worth doing, it's worth doing right |
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Členom od Nov 17, 2010 14 príspevkov
pampam
Nov 17 2010 at 09:50
@intelexence: are you a MM?
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Členom od Nov 26, 2009 8 príspevkov
Court Robbins (intelexence)
Nov 22 2010 at 16:53
Well, I do manage a small amount of my own money, but I don't manage any for clients. Eventually I plan to invest more into my own personal account and when that time comes I might take a few clients. I'm thinking I would like to see another year of trading results which are better than this years results before taking it to the next step.
Thanks, Court If there's anything worth doing, it's worth doing right |
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