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  • #80,241
  • Mar 26, 2009 9:58am Mar 26, 2009 9:58am
Quoting Tmac
5% per trade? 1 to 3% max for new comers is more like it

try this


Money management can actually be pretty easy. I have attached a spreadsheet I found on the net. It will tell you how many lots to buy based on your risk and available capital.
How to use it: [list=1][*]Enter your account balance in B19 - don't forget to update this as your account grows or shrinks![*][font=Verdana]Enter your % risk in B20 (I would suggest the 1.5% in there...
ok ok 1 to 3 % hee
  • #80,242
  • Mar 26, 2009 9:59am Mar 26, 2009 9:59am
Quoting david_akc
Pictures says a thousand words. I close my long but forgot to take note of the short.
this is not klinckphilip
Don't chase the market, Let the market come to you
  • #80,243
  • Mar 26, 2009 10:00am Mar 26, 2009 10:00am
Quoting Bemac
Picking my Daily Longs from Lower TF's.

Don't usually like to but may hold this one over the weekend. Still have 30 Hrs of market to evaluate.
I like it long into next week as well
Don't chase the market, Let the market come to you
  • #80,244
  • Mar 26, 2009 10:06am Mar 26, 2009 10:06am
Just a thought...
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  • #80,245
  • Mar 26, 2009 10:18am Mar 26, 2009 10:18am
Quoting Bemac
Just a thought...
ya think??
Don't chase the market, Let the market come to you
  • #80,246
  • Mar 26, 2009 10:28am Mar 26, 2009 10:28am
Nice day. 0 trades, didnt lose a penny.
  • #80,247
  • Mar 26, 2009 10:31am Mar 26, 2009 10:31am
Quoting Bemac
Just a thought...

as in u feel 5% is too high?
  • #80,248
  • Mar 26, 2009 10:40am Mar 26, 2009 10:40am
1.3480 next stop if breaks down.

5% is high risk. yes.
but also... it all depends on your trading style and if you are good or not doing it.

but I understand your avatar now... heh
  • #80,249
  • Mar 26, 2009 10:41am Mar 26, 2009 10:41am
okok NEWBIES !!! 1 to 3 % max risk per trade ok ?
  • #80,250
  • Mar 26, 2009 10:44am Mar 26, 2009 10:44am
Quoting trading801
okok NEWBIES !!! 1 to 3 % max risk per trade ok ?
much better... lol
  • #80,251
  • Mar 26, 2009 10:48am Mar 26, 2009 10:48am
Quoting trading801
as in u feel 5% is too high?
Way back when I was Trading Commodities for a Fund comprised of Family Life Savings I developed my Early form of MM.
I named it thy 30:8 Rule. & adehered to it venomously.

30:8
No More than 30% of Total Fund {Excluding This Trade} Exposed to the Markets.
No More than 8% OF THE 30% Exposed to any particular vehicle.
30% * 8% = 2.4%

0.024.
It has worked for me but If you want to double it, go ahead. You could be right & if you are; that would be huge.
  • #80,252
  • Mar 26, 2009 10:50am Mar 26, 2009 10:50am
Quoting Bemac
Way back when I was Trading Commodities for a Fund comprised of Family Life Savings I developed my Early form of MM.
I named it thy 30:8 Rule. & adehered to it venomously.

30:8
No More than 30% of Total Fund {Excluding This Trade} Exposed to the Markets.
No More than 8% OF THE 30% Exposed to any particular vehicle.
30% * 8% = 2.4%

0.024.
It has worked for me but If you want to double it, go ahead. You could be right & if you are; that would be huge.
nonono to all the masters i am sorry.. i am for less risk too

1- 3 % risk per trade newbies... please !

hahahaahaha
  • #80,253
  • Mar 26, 2009 10:53am Mar 26, 2009 10:53am
Quoting trading801
as in u feel 5% is too high?
Risking 5% account value in 1 single trade? That sounds like committing suicide
New voice message: Why are you calling me? If I need you, I'll call you!
  • #80,254
  • Mar 26, 2009 10:55am Mar 26, 2009 10:55am
Quoting tarasbaida
Nice day. 0 trades, didnt lose a penny.
Sleep well and arrive rested at your New Day.
Aside is a Position too. Well done.
  • #80,255
  • Mar 26, 2009 11:09am Mar 26, 2009 11:09am
Imagine if world banks decided to lock rates briefly to "help" stabilize global markets. Scary thought.
  • #80,256
  • Mar 26, 2009 11:13am Mar 26, 2009 11:13am
The channel over the last few days has been moving slowly downwards, but is now approaching an intersection with the older channel we had before the huge skyrocket.

I'm really wondering how this battle will play out. I'm assuming nothing.
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  • #80,257
  • Mar 26, 2009 11:17am Mar 26, 2009 11:17am
Quoting TIckerShuffl
Imagine if world banks decided to lock rates briefly to "help" stabilize global markets. Scary thought.
the end of forex.... it is a possibility... but I don't think it is going to happen
  • #80,258
  • Mar 26, 2009 11:25am Mar 26, 2009 11:25am
Quoting TIckerShuffl
Imagine if world banks decided to lock rates briefly to "help" stabilize global markets. Scary thought.
That would take decades of negotations.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #80,259
  • Mar 26, 2009 11:27am Mar 26, 2009 11:27am
Quoting KillerWhale
That would take decades of negotations.
yes... I think it is impossible in current world order... but recently it is fashion to speak about a new world order...
I wonder what Zimbabwe would say about it... lol
  • #80,260
  • Mar 26, 2009 11:38am Mar 26, 2009 11:38am
Careful with the longs, 1.3533 seems to be holding nicely but US financials are looking quite exhausted.
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