-Closed- (By Heph333)

Pieaugums +58.76%
Kritums (Drawdown) 21.95%
Pipi: 2106.2
Darījumi 770
Uzvaras
Zaudēt
Tips Reāls
Kredīta plecs: 1:50
Tirdzniecība Manuāli

Diskusija

Jul 17, 2015 at 16:36
449 Views
4 Replies
Biedrs kopš   7 ieraksti
Dec 30, 2015 at 19:55
Price Action discretionary trading. Trades are executed on the 5 Min chart based on 4H chart analysis.
Biedrs kopš   81 ieraksti
Dec 30, 2015 at 20:36
I like the discipline you are exhibiting in your manual trading. Don't lose that edge.
Biedrs kopš   7 ieraksti
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.
Biedrs kopš   7 ieraksti
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.
Biedrs kopš   7 ieraksti
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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