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Aggresive money management

  • #1
  • First Post: Oct 19, 2018 12:25am Oct 19, 2018 12:25am
I know very well that you have to invest 2% per transaction. Considering that I know the risks very well. What is a good aggressive money management for daytrading on m1 and m5? I have a leverage of 1: 400. I would like to hear your high-risk trading styles, please do not repeat the rules of classic money management
  • #2
  • Oct 19, 2018 1:07am Oct 19, 2018 1:07am
If you are a new trader then I recommend to start from 0.5% per trade and as you get more experienced then up to 1% or 2%. What I do is I size my trades based on what I think is the probability, if I have higher timeframe trends in my favor and also yield spread then I go for 2% trade, if its just 5 minute chart setup and big picture is against my trade then I take 0.5% risk on that trade.
Another thing I do is if I make lets say 4% profit in one trade and then I find another great setup then I use the winner trade profits to risk more on the next trade, usually I take 1-2% profit from last winning trade and add that to the initial 2% risk so the trade is going to be 3-4% risk if the setup is really good. That's how I scale my profits higher.
  • #3
  • Oct 19, 2018 4:02am Oct 19, 2018 4:02am
Quoting TradersAppro
If you are a new trader then I recommend to start from 0.5% per trade and as you get more experienced then up to 1% or 2%. What I do is I size my trades based on what I think is the probability, if I have higher timeframe trends in my favor and also yield spread then I go for 2% trade, if its just 5 minute chart setup and big picture is against my trade then I take 0.5% risk on that trade. Another thing I do is if I make lets say 4% profit in one trade and then I find another great setup then I use the winner trade profits to risk more on the next...
thanks but I know that money management should be used, I want to talk only about high risk with money that can be lost
  • #4
  • Oct 19, 2018 4:34am Oct 19, 2018 4:34am
Hi Rdr, I saw you at the rags to riches thread, now that's an aggresive MM if you ask me.
Persistence will get it. Consistency will keep it.
  • #5
  • Oct 19, 2018 4:41am Oct 19, 2018 4:41am
Quoting Chake
Hi Rdr, I saw you at the rags to riches thread, now that's an aggresive MM if you ask me.
you understood what I'm talking about, I've already read all the posts. it seems a strategy not very suitable for scalping, am I wrong?
  • #6
  • Oct 19, 2018 5:46am Oct 19, 2018 5:46am
Quoting Rdr
{quote} you understood what I'm talking about, I've already read all the posts. it seems a strategy not very suitable for scalping, am I wrong?
Not really no, as matter a fact, there hasn't been any big successes reported trading that MM.
I think mainly because if you can trade R:R 2:1 with a winrate of > 50% you allready have an exceptional system.
Persistence will get it. Consistency will keep it.
  • #7
  • Oct 19, 2018 6:37am Oct 19, 2018 6:37am
2% per position on m1/m5 is already too agressive in my opinion. A few bad trades/traps and you will have to deal with heavy emotions.
Necessity knows no law except to conquer
  • #8
  • Oct 19, 2018 9:55pm Oct 19, 2018 9:55pm
Quoting 3ndlessHope
2% per position on m1/m5 is already too agressive in my opinion. A few bad trades/traps and you will have to deal with heavy emotions.
simply make 1 maximum 2 trades a day. Less than 2% if you do not have a high capital is really senseless to me
  • #9
  • Oct 19, 2018 11:34pm Oct 19, 2018 11:34pm
Quoting Rdr
{quote} simply make 1 maximum 2 trades a day. Less than 2% if you do not have a high capital is really senseless to me
1-2 trades a day can get you into the same trouble. Plus you dont want to fit the market to your needs, you fit yourself to the market if this sentence makes sense lol. Sorry not a native english speaker here. Point is you trade when the opportunity rises, not when you feel like trading. At least this is how it should be done.
Necessity knows no law except to conquer
  • #10
  • Oct 20, 2018 3:38am Oct 20, 2018 3:38am
Quoting 3ndlessHope
{quote} 1-2 trades a day can get you into the same trouble. Plus you dont want to fit the market to your needs, you fit yourself to the market if this sentence makes sense lol. Sorry not a native english speaker here. Point is you trade when the opportunity rises, not when you feel like trading. At least this is how it should be done.
thank you for your opinion but I do not agree. We all know that money management is really to be used, I would like to speak here of more aggressive alternative approaches
  • #11
  • Oct 20, 2018 3:42am Oct 20, 2018 3:42am
Quoting Rdr
{quote} thank you for your opinion but I do not agree. We all know that money management is really to be used, I would like to speak here of more aggressive alternative approaches
You can try adding to position if it moves in your direction. Once you are in a trade, setup a grid or use key levels to add to position size.
Necessity knows no law except to conquer
  • #12
  • Last Post: Oct 20, 2018 3:50am Oct 20, 2018 3:50am
Quoting 3ndlessHope
{quote} You can try adding to position if it moves in your direction. Once you are in a trade, setup a grid or use key levels to add to position size.
this for example is a good method. A trader in Italy teaches it. I know a guy who with 100 euros and the 1: 400 leverage has earned 10,000 in a trade. With a nice bearish movement, using the margin as an indicator
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