account1 (manyPL) Discussion | Forex Forum by Myfxbook

musshan

Členem od Sep 16, 2009 8 příspěvků

Sep 16, 2009 at 10:38

Členem od Sep 16, 2009 8 příspěvků

You dont seem to use stop loss levels. But i think you are using trading minilots and using the big equity itself as a buffer to make every single trade a success.

Can you please correct me if i am wrong and explain your system?

Cerebro_Trader

Členem od Sep 14, 2009 13 příspěvků

Sep 16, 2009 at 17:05

Členem od Sep 14, 2009 13 příspěvků

I dont like trading with SL either... I just use them when I trade special formations, but its so much volatility in the markets, prices come back most of the times and u can adjust the risk with lower volumes... Thats my style, I trade with a general long or short bias in a pair, take 0,5%-2% risk for 100pips in a pair and adjust it with the daily average range of the pair ;)

manyPL

Členem od Aug 29, 2009 1 příspěvků

Sep 24, 2009 at 03:49

Členem od Aug 29, 2009 1 příspěvků

Shankar you'r correct I was using mini lots and I had big margin to play with so that was ok. But then I started to play with 0.1 lots still with no stop loss. That was my mistake and since then I had a margin call on this account which is ok because I played with money I won in fx demo competition.

There were other reasons why I lost everything on this account(mainly because I lost the desire to trade as I had 2 more bigger accounts and I started to make careless trades on this one). But I would like to make clear to everyone than since then one of my trading rules is to always use a stop loss! I really think that it's for most of us the necessity to be profitable.

EURUSD	1.17648	GBPUSD	1.36601	AUDUSD	0.65751
USDJPY	144.663	USDCAD	1.35782	USDCHF	0.79453

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