DislikedThank You for your continued intelligent questions and points. Notice that right now I am only using 12.28 % of the Demo Capital.
I have not followed my own rule 100% because of my great confidence in myself and also for a personal reason that I am still working on. However the three positions of 106.24 and the other position of 106.86 and 107.02 are all down over 100 PIPS. Since I only used 3% of my capital what I do is trade around them until they come back. It might not be the easiest thing to do but I do it from time to time. I am still refining my trading strategy and eventually when I get into trading over One Million Dollars of FX funds I will stick to my own Rules 100%
What gives me the freedom to take this approach is my HIGH Winning Percentage of ALL FX trades. Thank you for your comments and feel free to agree or disagree at any time.
Best regards
BruceIgnored
you had 20 100,000 positions open... for a 100,000 account. that's a 1:20 leverage.. it is not so much.. but it is a lot for a beginner for example... your trading experience can give you confidence in using that leverage.. but I don't recommend it for beginners... I only wanted to warn it for newbies. They should only use 1:5 leverage to learn.