I have a trade plan with clear rules and a maximum position size depending on my trading capital. It-s even rare for me to trade a full lot as per my trade plan. Definition of Martingale system as you know: The strategy had the gambler double his bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake.
For it to be martingale I would have to be trading 2 full lots on my second trade, 4 lots on the 3rd and 8 lots the 4th time to recover my losses and make a profit. On top of that I would not take what the market wants to give me. I do not take fixed targets. Again, if it were martingale, I would lose 10usd, make 11usd on a fixed target, lose 20 and make 21usd, etc...
I simply enter the market usually with a smaller size if I am not confident enough on that specific trade. If I change my mind about the market conditions I will increase my position size, reduce it or even close it manually as any trader would do. It all depends on my indicators, fundamentals or price behavior.
It often happens that I have a medium probability setup and trade 0.5p.p, change my mind, close 0.3 and re enter at a better price with a calculated risk.
I suggest you analyze my trades better because you will see I never trade a market for more than 2pp, which is a clear rule on my account for a 2k account.
Nope Definition of martingale is simply that you increase trade size when your equity/balance decrease. So you started with 0.01 lots loosing trade and you came up to 0.04 lot. It is clear martingale. Whatever you call it smart marti, martigrid, limited marti. Still martingale.
Sometimes it is a waste of time messaging people like @Tgor. The reality is, everyone uses martingale. No one opens an account, places an order and NOT increase lot size after they do it. Heck... Looking at tgor's trades, we can clearly see he does it! So yes, they say no martingale, but the reality is EVERY single account uses martingale!
Sorry, GJscalper I totally agree with you and the previous message wasn;t for you. It all depends on each one's risk management. I have a profitable account and I worked hard to achieve consistency for over 2 years. Any advice on how to start managing OPM? Thanks
I love the fact that you have negative pips with positive % return, as it reveals that you aren't a bias trader! I personally would follow, but we all know that what these followers are looking for are returns and not the 'amount of time' the account has been active. For the most part, those who are more interested 'the life of the account' are whales. Most of us guppies take risk to make money while others like Tgor sit up here and critic everyone and hides his accounts when he margin calls.
No way of proving that the link you are sharing is the same one. Why don't you make it unprivate! :) No need to share a link being as I have it already. lol Scammers always have an excuse to take down a link.
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