Although I ended up 152 pips in the black I thought the last 4 weeks were difficult.
I've documented my trades and I'll send the link once my site is up.
I've documented my trades and I'll send the link once my site is up.
100% bad luck or bad timing? 26 replies
Hi! I’m Mr Short and I’m a bad forex trader! (the AA for bad traders) 67 replies
MetaTrader - Bad Data 10 replies
metatrader- bad backtesting or bad broker quotations? 0 replies
Spread betting on options, good or bad? 0 replies
DislikedHere I will post one at random. I have drawn two trend lines that touch atleast 3 points, forming a trend line. Can you see where to place the orders and the stops? Knowing that, you can determine how large you position size should be based on how much you are going to risk on any given trade. For me that amount is fixed at 2% of the account and 10 % for total trades.
Account balance *Risk Percent / Stoploss (inPips) / PipValue = Postion Size
The time frame has nothing to do with it at all.
I am not necessarily recommending you trade with trend lines. The point is that you must define your entry and your stop, based on the market, not on your account size and then figure out how large your postion size is to keep your account safe.Ignored
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scott , could you give me an example please? maybe sme trade you made recently because I have problem to understand the calculation without concrete figuresIgnored
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scott , could you give me an example please? maybe sme trade you made recently because I have problem to understand the calculation without concrete figuresIgnored
DislikedBTW, nice explanation Phil. I could not have made it more clear, how I compute it.Ignored
DislikedI am reading on several posts people blowing up their accounts, getting margin calls and others loosing big time.
What's going on this month? i would like to understand this phenomenon since the last 15 trading days where the best i had so far.Ignored
DislikedThis is my second month of trading:
+5% in October
+24% in November
I'm likeing November so far..Ignored
DislikedSometimes my trades crap out. That is the way it is. But, after I said crap, I felt good about it, because I traded it according to my plans I had established in advance.Ignored