DislikedSo if you have 30 winners in a row, doesn't it all depend on account size, leverage, m/m, movement in that 5 minute time period, etc?
For instance Gbp/Usd moved 1,500 pips last week. If you had a weekly strategy and captured 900 of those that seems to me less time intensive than the 5 minute strategy.Ignored
Yes and I think that is why a lot of people miss the boat. I have a spread sheet that I can put in "units" and trade with Oanda so it's the same 2% risk if I my goal is 10 pips or 100 pips. So lets do the math
#1
$800,000 account size, with a 2% risk with 1 position and a 10 pip gain / loss would be
Risk
$16,000
eur/usd = 16,000,000 units
Price per pip =$1,600
#2
$800,000 account size, with 2% risk with 2 positions and a 50 pip gain / loss would be
Risk
$16,000
eur/usd = 1,600,000
Price per pip = $320.00
So as you see 2% is 2% if it's a 1000 pip stop or a 5 pip stop I have the same risk on every trade. So now how does a trade that takes longer to happen and make more pips make me more money trading this way?
Keep taking CT trades, I need more money