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EURUSD

  • #87,721
  • Apr 21, 2009 12:51am Apr 21, 2009 12:51am
Quoting KillerWhale
Definitely WAY TOO MUCH RISK !
Whats the most ideal risk percentage?
  • #87,722
  • Apr 21, 2009 12:52am Apr 21, 2009 12:52am
Quoting clayton4115
well i can only trade $1 per pip here using this broker who i am with...
Remove your link. http://www.forexfactory.com/faq.php?faq=rules#faq_rule3 is why
Not all sins are created equal
  • #87,723
  • Apr 21, 2009 12:53am Apr 21, 2009 12:53am
Quoting Jay Walker
Guy, I have more than double that in my account and I trade less than 1 pip to $1.

You are way way WAAAAAAAAAAAAAY overleveraged.
you only have about $4,000 in your account?
  • #87,724
  • Apr 21, 2009 12:54am Apr 21, 2009 12:54am
Quoting Maxsmart
you only have about $4,000 in your account?
Not that it's any of your concern but no.
Not all sins are created equal
  • #87,725
  • Apr 21, 2009 12:54am Apr 21, 2009 12:54am
Quoting Jay Walker
Guy, I have more than double that in my account and I trade less than 1 pip to $1.

You are way way WAAAAAAAAAAAAAY overleveraged.
whats the ideal risk percentage? is 3.2% over leveraged too?
  • #87,726
  • Apr 21, 2009 12:55am Apr 21, 2009 12:55am
i HAD $4000 now its $1800
  • #87,727
  • Apr 21, 2009 12:56am Apr 21, 2009 12:56am
Quoting KillerWhale
Definitely WAY TOO MUCH RISK !
I guess it's depend on his trading system though. I for one only able to defend for 1000 pips only because my broker is a little bit different.

I usually open a position with 1pip=2usd and I only have USD2000 in my account. My default SL is usually 100 pips but sometime I only put 50 pips. However, I never wait until it hit my SL! If I don't think it will go my way, I'll close the trade immediately (usually around 10-15pips loss). Also, when it get to price that I like, I will enter at least 2 position, usually 3, max 5 and close around 5-15 pips profit. Crazy? Definitelly. But it works for me. And I continue trading throughout the day until I lost a trade and completely stop for the day.
  • #87,728
  • Apr 21, 2009 12:56am Apr 21, 2009 12:56am
Quoting clayton4115
i HAD $4000 now its $1800
you must really enjoy this
  • #87,729
  • Apr 21, 2009 12:56am Apr 21, 2009 12:56am
Quoting dannies
whats the ideal risk percentage? is 3.2% over leveraged too?
3.2% of what?

What's your risk tolerance?

I could give you 10 different answers and they would all be right. But only one would apply to you.
Not all sins are created equal
  • #87,730
  • Apr 21, 2009 12:57am Apr 21, 2009 12:57am
Quoting Jay Walker
Not that it's any of your concern but no.
well is it your concern hes overleveragging. You mentioned double. $1800 which would only be $3600 so i added on $400 for you. I thought that was nice of me . Anyways youve been around for a bit so I just assumed you had more than that.
  • #87,731
  • Apr 21, 2009 12:58am Apr 21, 2009 12:58am
Quoting Maxsmart
well is it your concern hes overleveragging. You mentioned double. $1800 which would only be $3600 so i added on $400 for you. I thought that was nice of me . Anyways youve been around for a bit so I just assumed you had more than that.
And I do have more than that. Substantially more than that.

But the rest is between me and the taxman
Not all sins are created equal
  • #87,732
  • Apr 21, 2009 1:00am Apr 21, 2009 1:00am
please remember i am a newbie, only started trading in February, this is money i can lose, i pretend the whole $4000 is gone, i put it down to $4000 worth of experience, i am surprised ive lasted this long,

hopefully i wont blow the account but i am mentally prepared for it!
  • #87,733
  • Apr 21, 2009 1:00am Apr 21, 2009 1:00am
Quoting Jay Walker
And I do have more than that. Substantially more than that.

But the rest is between me and the taxman
Well if thats how you feel about it no offense intended. I just think it really is all about the money you know. Not neccessarily the pips. But the money management of it. Anyways, nvm this convo...
  • #87,734
  • Apr 21, 2009 1:01am Apr 21, 2009 1:01am
Morning all
The best thing that can happen to you is to find out where you're wrong.
  • #87,735
  • Apr 21, 2009 1:01am Apr 21, 2009 1:01am
Quoting Jay Walker
And I do have more than that. Substantially more than that.

But the rest is between me and the taxman
...and the wifey?
  • #87,736
  • Apr 21, 2009 1:01am Apr 21, 2009 1:01am
Lean to the portside and hang on to your lunch.
FUBAR...
  • #87,737
  • Apr 21, 2009 1:02am Apr 21, 2009 1:02am
Quoting 2 + 2 = 4ex
...and the wifey?
Ahem...hell no!
Not all sins are created equal
  • #87,738
  • Apr 21, 2009 1:02am Apr 21, 2009 1:02am
Quoting clayton4115
i HAD $4000 now its $1800
step out on a limb here - if you had 4G's and now less than 1/2 that. Slow your trading down; learn this gig then change brokers and start out at .10 cents a pip and go from there.

That is from someone who has plowed this nasty road in front of you.
Pip what you see; See what you pip!
  • #87,739
  • Apr 21, 2009 1:04am Apr 21, 2009 1:04am
Quoting Maxsmart
Well if thats how you feel about it no offense intended. I just think it really is all about the money you know. Not neccessarily the pips. But the money management of it. Anyways, nvm this convo...
None taken Agent 86.

But judging by Clayton's MM, nevermind holding on to my hat, I'd have it surgically attached to my skull.
Not all sins are created equal
  • #87,740
  • Apr 21, 2009 1:05am Apr 21, 2009 1:05am
Quoting dannies
Whats the most ideal risk percentage?
In my opinion, I trade a maximum of $0.10 per $500.00 account size.
My account is about 6.5K so the maximum I feel comfortable with is $1.30 per pip. Sometimes I will go higher if there is a setup where I can play with a very tight s/l like 20 pips or so. So far the maximum I've ever done is $7.00 per pip but I was so scared that I got out for 12 or 14 pips or so where I could have had 400+ if I just would have left my stop at B/E. In fact that happened last week, I think is was Tuesday April 14th where I had a short entry 1.3386 (no, think it was Monday) and a s/l 1.3404 (was posted on this thread). That was the first trade ever I made for $7.00 per pip. Would have been really nice if I had collected the 400+ pip that followed after that.
But there will be other opportunities
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