Also, one more quick question about money management with this system. I know the rules say 3 max losses per session, or 2 max in a row, but I've seen that Kostas targets a pip amount, and I do get why he does that, but does he or anyone else here only stop trading after they've reached that pip amount to the negative or positive? Like, let's say your max stop loss is 20 pips, so you base your risk upon that, but then only have stops of 10 due to market circumstances and placement. If you were to lose three 10 pip SL trades in a row, would you be done, or keep trading until you hit + or - that 3% target in a day?
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successful trading requires patience&discipline and DRINKING between.
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You are allowed to fall but you are imposed to get up!
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Risiko birgt immer auch die Chance.
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successful trading requires patience&discipline and DRINKING between.
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- Joined Jun 2013 | Status: Membership Rewarded | 3,177 Posts
Risiko birgt immer auch die Chance.
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- Joined Aug 2010 | Status: absolute beginner | 4,549 Posts
successful trading requires patience&discipline and DRINKING between.
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I don't trade anymore. I just gratefully accept what Market has to offer
Akhaldanos FX1 Return This Month:
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- Joined Aug 2010 | Status: absolute beginner | 4,549 Posts
successful trading requires patience&discipline and DRINKING between.