China data drives Aussie Dollar higher

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Greg you wrote the above article, then you provided a link to your FXCopy page (where we can see your performance) https://www.fxcopy.com/profile/GregMcKenna/B/stats

Question for you - you currently have an account balance of $2,163.27 and your unrealized is -$358.30 This works over 16% of your account in the negative. I'm interested to hear what your money management rules are, especially since your a advocating a website where others can learn from you.

This is my personal account which I run super aggressively and without the usual Money Management rules that I would suggest everyone else should use. I also only have money linked to it (not visible) that I can afford to lose and never worry about it).

I wouldn’t ever suggest that other trades this way unless they have been doing it as long as me and with amounts that are truly speculative in amount.

Therefore in that account I exit a trade when I decide there is no longer any hope for it – in this case it would be a push above 93.50 as I am still targeting a move back into the low 80’s eventually.

On the other Account there is much more circumspect risk tolerance and management – however they are my rules based on my systems over the past 25 years and are not for publication.

Cheers,
Greg