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Trading competition strategy

  • Post #1
  • Quote
  • First Post: Sep 3, 2024 1:57pm Sep 3, 2024 1:57pm
Hi everyone, I'm going to join my first trading competition, the strategy that I have does work on a 1Hour timeframe and I usually risk 1% of my capital, but I was wondering, do I really have to risk 1% on a tournoment? I doubt it really, so I was wondering how much u guys suggest? 3%? 5% 10%?
You should know your edge and trade to it. Otherwise YOLO if you wish
Best Whises for your competetion. And based the rules and regulations of the tournament you fix the strategy. There are 100 ways to lose but for win only few ways.
A competition like this doesn't measure the best in the long term, it only measures trades. So if you don't leverage yourself you have no chance of winning. The luck factor is also very important in this type of competition, you get a well-leveraged entry in the news and you win. You would never do this in a real market if you know what you're doing.
Luck
Don't play fair for a start

Enter under 10 different emails

Place maximum lot size with different pairs on each account

Soon see if the claim that your strategy does works is true

Never know, only need one to to win

Thank me later

If you trade like me, you'll be homeless and broke within a week.
TEXAS-2-STEP Return This Month: 1.0%
Quoting DwnUndrTrdr
You should know your edge and trade to it. Otherwise YOLO if you wish
Lmao did u even read what i said? i just wanted to know how much capital risk yall suggest each trade
Quoting Erebus
Don't play fair for a start Enter under 10 different emails Place maximum lot size with different pairs on each account Soon see if the claim that your strategy does works is true Never know, only need one to to win Thank me later
HAHA that's crazy Work
  • Post #8
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  • Last Post: Sep 6, 2024 9:19am Sep 6, 2024 9:19am
Quoting RafaBy
A competition like this doesn't measure the best in the long term, it only measures trades. So if you don't leverage yourself you have no chance of winning. The luck factor is also very important in this type of competition, you get a well-leveraged entry in the news and you win. You would never do this in a real market if you know what you're doing. Luck
so far I've only tried to avoid trading during or even before the news, may you explain how can I find out whether the upcoming news will spike the price up or down?
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