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  • #80,241
  • Mar 26, 2009 11:58am Mar 26, 2009 11:58am
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 11:59am Mar 26, 2009 11:59am
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 12:00pm Mar 26, 2009 12:00pm
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 12:06pm Mar 26, 2009 12:06pm
Just a thought...
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  • #80,245
  • Mar 26, 2009 12:18pm Mar 26, 2009 12:18pm
Quoting Bemac
Just a thought...
ya think??
Don't chase the market, Let the market come to you
  • #80,246
  • Mar 26, 2009 12:28pm Mar 26, 2009 12:28pm
Nice day. 0 trades, didnt lose a penny.
  • #80,247
  • Mar 26, 2009 12:31pm Mar 26, 2009 12:31pm
Quoting Bemac
Just a thought...

as in u feel 5% is too high?
  • #80,248
  • Mar 26, 2009 12:40pm Mar 26, 2009 12:40pm
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 12:41pm Mar 26, 2009 12:41pm
okok NEWBIES !!! 1 to 3 % max risk per trade ok ?
  • #80,250
  • Mar 26, 2009 12:44pm Mar 26, 2009 12:44pm
Quoting trading801
okok NEWBIES !!! 1 to 3 % max risk per trade ok ?
much better... lol
  • #80,251
  • Mar 26, 2009 12:48pm Mar 26, 2009 12:48pm
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 12:50pm Mar 26, 2009 12:50pm
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 12:53pm Mar 26, 2009 12:53pm
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 12:55pm Mar 26, 2009 12:55pm
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 1:09pm Mar 26, 2009 1:09pm
Imagine if world banks decided to lock rates briefly to "help" stabilize global markets. Scary thought.
  • #80,256
  • Mar 26, 2009 1:13pm Mar 26, 2009 1:13pm
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 1:17pm Mar 26, 2009 1:17pm
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 1:25pm Mar 26, 2009 1:25pm
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 1:27pm Mar 26, 2009 1:27pm
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 1:38pm Mar 26, 2009 1:38pm
Careful with the longs, 1.3533 seems to be holding nicely but US financials are looking quite exhausted.
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