DislikedThanks for the reply Al.
This aspect of Forex takes me back to how I got introduced to Forex. The guy was a Forex Fund Manager/Realestate investor etc., he taught me not so much a system but a solid foundation of the judicial use of margin and position sizing.
I can't go into his personal trading with full details unfortunately but his primary tenets were;
1. Never take a losing trade
2. Never use a stop loss
3. Never get a margin call
How do you manage this?
A. Small positions
B. Keep your account healthy. Limit the number of open trades...Ignored
- Post #10,001
- Quote
- Apr 26, 2012 5:42pm Apr 26, 2012 5:42pm
- | Joined Jun 2010 | Status: Member | 228 Posts
- Post #10,002
- Quote
- Apr 26, 2012 5:55pm Apr 26, 2012 5:55pm
- | Joined Aug 2009 | Status: Member | 111 Posts
- Post #10,003
- Quote
- Apr 26, 2012 6:22pm Apr 26, 2012 6:22pm
- Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
- Post #10,004
- Quote
- Apr 26, 2012 6:24pm Apr 26, 2012 6:24pm
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
- Post #10,005
- Quote
- Edited 7:02pm Apr 26, 2012 6:42pm | Edited 7:02pm
- Joined Aug 2011 | Status: Member | 4,672 Posts
Observation is the path to discovery.
- Post #10,006
- Quote
- Apr 26, 2012 6:48pm Apr 26, 2012 6:48pm
- Joined Aug 2011 | Status: Member | 4,672 Posts
Observation is the path to discovery.
- Post #10,007
- Quote
- Apr 26, 2012 7:00pm Apr 26, 2012 7:00pm
Of all the things I've lost I miss my mind the most .
- Post #10,008
- Quote
- Apr 26, 2012 7:11pm Apr 26, 2012 7:11pm
- Joined Aug 2011 | Status: Member | 4,672 Posts
Observation is the path to discovery.
- Post #10,009
- Quote
- Apr 26, 2012 7:29pm Apr 26, 2012 7:29pm
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
- Post #10,010
- Quote
- Apr 26, 2012 7:37pm Apr 26, 2012 7:37pm
- Joined Aug 2011 | Status: Member | 4,672 Posts
Observation is the path to discovery.
- Post #10,011
- Quote
- Apr 26, 2012 7:40pm Apr 26, 2012 7:40pm
- Joined Jul 2009 | Status: Keeping Learning | 249 Posts
If I Change, the whole World changes!
- Post #10,012
- Quote
- Apr 26, 2012 7:40pm Apr 26, 2012 7:40pm
Of all the things I've lost I miss my mind the most .
- Post #10,013
- Quote
- Apr 26, 2012 9:14pm Apr 26, 2012 9:14pm
- Joined Feb 2012 | Status: Grand Ultimate | 825 Posts
The mind thinks, the heart knows...
- Post #10,014
- Quote
- Apr 26, 2012 9:40pm Apr 26, 2012 9:40pm
- Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
- Post #10,015
- Quote
- Apr 26, 2012 10:10pm Apr 26, 2012 10:10pm
- Joined Feb 2012 | Status: Grand Ultimate | 825 Posts
The mind thinks, the heart knows...
- Post #10,016
- Quote
- Apr 26, 2012 10:17pm Apr 26, 2012 10:17pm
- | Joined Nov 2009 | Status: Member | 1,196 Posts
- Post #10,017
- Quote
- Apr 26, 2012 10:26pm Apr 26, 2012 10:26pm
- Joined Feb 2012 | Status: Grand Ultimate | 825 Posts
The mind thinks, the heart knows...
- Post #10,018
- Quote
- Edited 11:27pm Apr 26, 2012 10:36pm | Edited 11:27pm
- Joined Feb 2012 | Status: Grand Ultimate | 825 Posts
The mind thinks, the heart knows...
- Post #10,019
- Quote
- Edited 11:27pm Apr 26, 2012 10:54pm | Edited 11:27pm
- Joined Feb 2012 | Status: Grand Ultimate | 825 Posts
The mind thinks, the heart knows...
- Post #10,020
- Quote
- Apr 26, 2012 11:19pm Apr 26, 2012 11:19pm
- Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts