DislikedYou know brokers are not the only source of leverage. Money can be borrowed from other source to further increase the leverage. If 40 pip per day is guaranteed, leveraging is not a problem.Ignored
CHOROS System 16,531 replies
CHOROS Interactive 2,625 replies
Money management for CHOROS and other strategies 2 replies
The Cable double day / the two day "rule" 14 replies
I want to pay off my mortgage asap with Choros 181 replies
DislikedYou know brokers are not the only source of leverage. Money can be borrowed from other source to further increase the leverage. If 40 pip per day is guaranteed, leveraging is not a problem.Ignored
DislikedIf for you (probably the only one on the ForexFactory) "leveraging is not a problem" and "brokers are not the only source of leverage" then you are a very lucky guy.Ignored
DislikedI think it is a very good point. And, of course, Kostas succeeded because he found a system that fits him and because of the very smart money management.Ignored
DislikedIf for you (probably the only one on the ForexFactory) "leveraging is not a problem" and "brokers are not the only source of leverage" then you are a very lucky guy.Ignored
DislikedImportant point: 3-9% was when my account was 400E. Using the Dance I was actually doing more than 3% everyday.
Now my account is well in the 5 digits, so daily profit is very close to 3% (usually from 2.5-3.5%). The reason is money-management as somebody posted above. All I need is 30-40 pips per day and I found one method that can consistently provide these pips.
My trading style is not long-term, I get very anxious when I leave a trade open for more than 2-3hrs, so although I tried, I was never able to get any good results trading long-term....Ignored
DislikedI traded the dance along with Trotty (Neil !) and Kostas almost from the beginning of when it started. I no longer trade it, but it gave me the basis on how i trade now, which is naked.. meaning no indicators. I average about 50pips a day, on good days i make over a 100 but the numbers are really abitrary. in terms of percentages i grow my account modestly daily of about 0.5 - 2% simply because am not compounding as well as kostas.
It is possible like Kostas says to get 3% daily, it takes discipline!! which is not that easy, but comes with time....Ignored
DislikedThanks nixiw20 for your sharing and vote. I am trading naked too, because I have problem to use particular parameters for indicators and moving averages. I like straight lines much more than curves... lol.Ignored
DislikedThese are 2 big fallacies, as the requirement of a strategy is to offer an edge (and not to "fit" a trader) and money management is a simple thing which can be mastered by my dog.
You didn't answer to the question of Deusomega. Does that system offer an edge? And if yes, which is the relation between your indicators and the orderflow?Ignored
DislikedIf there is a such guarantee thing I'll mortgage my house (let say it is fully paidoff) and dump all money into a broker with 50:1 leverage.
Let say I get 90% loan from bank (9:1 leverage) and another 50:1 leverage from my broker, then my effective leverage will be 450:1.Ignored
DislikedI guess 3-9% daily has nothing with method itself but with trader's position size. I think trading this kind of size is pretty risky. I would not risk more than 2% per trade. Even with this kind of risk account can grow pretty well. Also, the more trader risks per trader the choosier he/she should be. A string of 3% losses per trade and account can be damaged.Ignored
DislikedI can tell you now if one is going for 9% a day, one is risking too much.Ignored