I really would like to thank all of you for posting useless banter on this thread. The purpose of this thread was to speak about trading formations, and not theory based on someone's belief of what has happened to them will happen to me. Many people stride for longevity, when the reality is that goal isn't something which is realistically obtainable. Even if it were, the reality is not blowing your account in 4 years, but never having withdrawn or even been in profit, within that same amount of time makes the 'longevity' claim pointless.
If I take a trade and close in profit for 3-5% for x amount of pips, then MY reality is I am basing that trade on where my stop loss is. Many people criticize, without even having a foundation on what to attack. @SteadyCaptureFx
doesn't even have a live account posted, yet is giving me advice about how it is to trade, and speak about my trade/money management as if he has any idea as to how I trade.
As for @Shneck
he is another 'DO AS I SAY, AND NOT AS I DO' but he has no account to show us what he has done. He also believes that money management is much more important then the system which you are using. Well the reality is how can you manage your money or trade, if you don't have a plan on how to even go about entering the market? Most of you guys, based on the accounts posted, minus @Shneck
because they don't have one, think that risking a small amount of your account (money management) is the way to go. You try to pick tops and bottoms, and when you fail, you end up opening fresh positions, which is based on your bias to the floating loss. Basically you are avgín your position, instead of respect the laws of price action. So for you guys to think money management is much more important then the system you are trading, I would advice you to rethink that theory. Do you think dating a women who is 'HIGH MAINTENANCE' will change her way of being because you have a plan on how to 'MANAGE YOUR MONEY'. Of course not! Her behavior is a given, just as the market's behavior is a given. Your money management in no way shape or form will change the behavior the market. Once you grasp how the market works, then you create your money management around that, thus making the system the key.
If you don't aim for accuracy, which almost no one does here, then of course you won't risk .01 - 1% of your account per pip. Yet, if your system is based on accuracy, then your money management will reflect that.