-Closed- (By Heph333)
| Gain : | +58.76% |
| Drawdown | 21.95% |
| Pips: | 2106.2 |
| Trades | 770 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:50 |
| Trading: | Manual |
-Closed- Discussion
Jul 17, 2015 at 16:36
439 Views
4 Replies
Dec 30, 2015 at 21:01
Thanks. I wandered around a bit this year until I finally found my groove in October. That was when I read & implemented 'Inventory Trading' by Shonn Campbell. The philosophy it presents has radically altered the way I approach trading.
1) I reduced my position size.
2) I no longer approach trades as single binary win/lose bets. Now I build positions incrementally and manage the whole as a business would purchase & sell inventory.
1) I reduced my position size.
2) I no longer approach trades as single binary win/lose bets. Now I build positions incrementally and manage the whole as a business would purchase & sell inventory.
Jan 08, 2016 at 16:31
Well I had a lapse of judgement in position sizing, got greedy and the market took me to the woodshed. Painful lesson. The markets do not tolerate mistakes.
A perfect example of how a good trade can be a failure with poor money management. Even a lousy trade can be salvaged if managed properly and risk kept under control. The moment you trade too much size, time becomes your enemy rather than ally.
A perfect example of how a good trade can be a failure with poor money management. Even a lousy trade can be salvaged if managed properly and risk kept under control. The moment you trade too much size, time becomes your enemy rather than ally.
Apr 29, 2016 at 14:55
Account closed due to moving to a new server with FXCM. New account is here: https://www.myfxbook.com/members/Heph333/10-pips/1606757
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