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Prachait - Live - Trading Accounts - Journal

  • #21
  • Nov 17, 2016 1:45am Nov 17, 2016 1:45am
Hi Prachit,

I see you hold on to losing trades and hope to turn. That is not the way to go for long-term success IMO.
You must understand that exiting a trade (profit or loss) is even harder than entering. So you have to have a strategy for that too.

Hope you do well
  • #22
  • Edited 10:52am Nov 17, 2016 8:37am | Edited 10:52am
I think he understands the risk involved and how to manage them. He has trades lasting many many months and taking profit the first sign it looks good.
His way is proven for the past 2 years.
Good trading Prachait.
  • #23
  • Nov 18, 2016 6:35am Nov 18, 2016 6:35am
Quoting sonata95
Hi Prachait My trading style similar you I start account 1000 USD and trading small lot size 0.01 and account grow 50% after 4 month. the key our system lowest leverage, no stop loss and try to entry in best price. my max draw down only 7%. Keep going
Excellent. Keep going...
Prachait Saxena
  • #24
  • Nov 18, 2016 6:38am Nov 18, 2016 6:38am
Quoting PiranoTrader
Hi Prachit, I see you hold on to losing trades and hope to turn. That is not the way to go for long-term success IMO. You must understand that exiting a trade (profit or loss) is even harder than entering. So you have to have a strategy for that too. Hope you do well
Hi, my 2 years experience says that the trade wil come back. See my myfxbook report, which shows that, few orders I have closed after 1 1/2 year in profit.

In holding , only key is to get positive interest in long term which balance the holding with positive interest.

Keep posting.

Thanks Prachait
Prachait Saxena
  • #25
  • Nov 18, 2016 6:41am Nov 18, 2016 6:41am
Quoting StraticLine
I think he understands the risk involved and how to manage them. He has trades lasting many many months and taking profit the first sign it looks good. His way is proven for the past 2 years. Good trading Prachait.
Thanks for the appreciation. It look a lot of patience to understand Money management concept.

I used law's of nature, mathematics involved, astronomy in my trading style to have the results.

Keep posting.
Thanks Prachait
Prachait Saxena
  • #26
  • Nov 28, 2016 11:16pm Nov 28, 2016 11:16pm
What you said definitely makes sense - getting positive interest in long term while holding a losing trade.
The amount of capital at risk is low, low enough that it is negligible if locked-in for months and years, i.e. it doesn't take up your margin and affect your capacity to execute other trades.
Most people's trading strategies require tight stops because of their relatively large use of margin, per trade, compared to yours. For example, my entry/stop combinations usually allows me to enter into 4 trade at the same time, and I am left with no margin to trade more, while for you, can still enter into more opportunities.
  • #27
  • Dec 6, 2016 1:46am Dec 6, 2016 1:46am
Quoting StraticLine
What you said definitely makes sense - getting positive interest in long term while holding a losing trade. The amount of capital at risk is low, low enough that it is negligible if locked-in for months and years, i.e. it doesn't take up your margin and affect your capacity to execute other trades. Most people's trading strategies require tight stops because of their relatively large use of margin, per trade, compared to yours.
Cheers, I am excited that you got the point.
Use law of nature and its mathematics to trade...
Prachait Saxena
  • #28
  • Last Post: Edited 2:23pm Apr 4, 2017 1:55pm | Edited 2:23pm
April 4, 2017.
In forex trading industry, very few will understand, what it is like having 1000+ consecutive wins with green pips.

I am sharing my past 3 years of work , on live account for public review and as gesture to give back, on what all I have learned from here.

I also invite you all, to message me and subscribe my live account on myfxbook and mql5.

Following are the screenshots from my work and following are the links of public viewing account of mine.
https://www.mql5.com/en/signals/80643
http://www.myfxbook.com/members/prac...244-usd/980717

I would like to mentor on my work.
Thanks again, Prachait
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Prachait Saxena
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