Mo money... pennies make pounds.
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M1 Countertrend Scalping Strategy
{quote} Ouch, 0.1 is a bit too much for me in a $1000 account, even if it's a single position system. However, it could work well with gradual withdrawals, we'd need to calculate the odds and frequency of these deep drawdowns, perhaps it's still too much.
It actually began as an accident because i forgot to set my position size to 0.01. It was at 0.1 lots default and i opened a position and i had no choice but to continue averaging with 0.1 lots. Made some good money with tolerable drawdown and I thought, hey this isn't too bad lol.
Don't try this at home
Leave the Gun, Take the Armani
- #4,047
- Mar 7, 2023 9:50pm Mar 7, 2023 9:50pm
{quote} Yeah it's steep. Just clocked it another $280. I'm up $780 now. Another $220 and i can withdraw my principal $1000 and trade with free cash. But making a few dollars with $1000 with 0.01 lots when you know eventually there will be a deep trend that will wipe all those profits away doesn't appeal to me. Might as well go big or go home lol. It actually began as an accident because i forgot to set my position size to 0.01. It was at 0.1 lots default and i opened a position and i had no choice but to continue averaging with 0.1 lots. Made some...
Intelligent pulling your initial balance. Go again and compound again 
very narrow ranges and the price reacts well to the levels but with a lot of nervousness. Not the best conditions to trade. At least not for my skills
Better to use very cool areas to avoid the risk of being in a breakout. Just my thoughts
Better to use very cool areas to avoid the risk of being in a breakout. Just my thoughts
