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Worst Strategy!

  • #21
  • Nov 11, 2007 12:12am Nov 11, 2007 12:12am
Quoting StoragePro
I am surprised no one hit it yet.

It is simple,and practiced by many -

First, take a trade - any trade, it does not matter what system gets you there.

Second, make certain that you do not practice proper position sizing or money management.

Finally, as a suggestion, trade one full lot per 10K in your account.

Behold!
Unfortunately I did exactly that and all it did is trippled the acct.
  • #22
  • Nov 11, 2007 2:40am Nov 11, 2007 2:40am
Quoting billbss
Any grid system.
Oh no! My grids are doing well. I agree in the case you don't maintain the grid but using a grid in the direction of a fundamental trend with small position sizes (low leveraged) is a real pip eater.

Regards - Xaron
  • #23
  • Nov 11, 2007 4:38pm Nov 11, 2007 4:38pm
Following blindly 2% money management strategy is the worst you can do, what are you doing with the 98%? Know your risks and apply proper money management.

In general there are many bad strategies (99%). On the screen many of them look like something my son would draw, nice to look at but I would never trade from it.
  • #24
  • Nov 11, 2007 7:29pm Nov 11, 2007 7:29pm
Buy all breakouts.
The GrandMaster of the Forex Market.
  • #25
  • Last Post: Nov 11, 2007 8:31pm Nov 11, 2007 8:31pm
I think this thread should be in Member's Lounge....

Anyway, the WORST strategy is trade with 90% margin.... Just do it, and your broker will be happy....
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