WBS Where are Buyers and Sellers
- Joined Sep 2016 | Status: Its my biz to know what others dont | 1,265 Posts
WBS Where are Buyers and Sellers
What percentage profit per day IS possible? 56 replies
7 pips per day? is it possible? 77 replies
All things are possible 5 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
Trading 24 hours per day, 5 days per week 14 replies
DislikedWith regard to the Risk part, I wouldn't recommend trading the same system on related pairs, unless you spread the system predefined risk on those pairs.Ignored
Disliked{quote} Those excel spreadsheets are intoxicating aren't they? I would not put target on what you can make. I would take whatever the market gives you and after you take your profit, then you can calculate what rate of return would have been.Ignored
DislikedI tell u something, anyone, trader, who is discussing about gain but not d risk [draw down] is a joke, nothing moreIgnored
Disliked{quote} That is a truthful comment, very true. This is a very important aspect the risk versus reward, do you have any recommendations, anything that can help us? It would be greatly appreciated. There has been some opinions given about "risk" in a general sense of the word by those who have given their precious time in giving their response to the question. I hope you will take the time to read them. Each trader has different ways of applying risk but if your way works for you and your willing to share that would be great.Ignored
Disliked{quote} Thanks K.A. for your extending your time here, could you please expound in more details since you did not use the quote reply function. Which system are you referring to and when you say predefined risk is that as it relates to basket trading whereby the basket as a whole has a risk value or each trades has its own risk value. Just be more detailed it seemed as though you are flowing from a soecific point in discussions above but I don't know which one.Ignored
Disliked{quote} Take for e.g. Price-action and candle pattern signal- I choose Pinbar: Shooting star, falling star, hammer anyone you want to call it. Every time-frame from m1 to Monthly gives out 100's of signals simultaneously throughout the day on each asset as a whole.Ignored
Disliked{quote} I also liked basket trading the currencies that were trending. So if i got a setup on Gold i would trade the dollar through usdjpy and the relating currencies but news would affect the basket a different times.Ignored
Disliked{quote} Good luck with the new thread my friend. I should've referred to the below posts, but was lazy to quote them . This {quote} and this {quote} Risk constraint should be applied to the system not the trade. If a trader uses the famous 2% risk per trade, and trades the same system on the 7 majors simultaneously, he is risking 14% not 2%.Ignored
Disliked{quote} Hi prince If you wan to be successful in this game.Forget everything you have learnt from FF and start new.See only the bulls and bear fighting.only this can help you in the long run atleast 10 years.You need these many years to be consistently successful. Do not follow any system or indicator. And about 1-3% its possible when your account is small.When your account grows to a large number.its very difficult to see you losing so much dollar when taking a loser.So you will reduce your exposure,You will start risking less as the account grows....Ignored
Disliked{quote} This is not how real trading works. Trading is a business if you do it right. You have high margin trades, low margin trades and trades below cost. Losses are COGS. Gains are revenue. You adjust for news events, seasonality etc You make hay when the sun shines and store up for winter. Not everyday is a 1%-3% day Not every week is a 5%-15% week Not every month is a 60% monthIgnored
Disliked{quote} Those excel spreadsheets are intoxicating aren't they? I would not put target on what you can make. I would take whatever the market gives you and after you take your profit, then you can calculate what rate of return would have been.Ignored
DislikedThe forums are full of people that will convince you why certain plans and ideas don't work. Because the people that have working systems keep them to themselves. I don't plan on discussing my WIP with anyone.Ignored