DislikedI guess my English is poor. I didn't ask for you to post your trading record. When I asked how you trade successfully it was an inquiry about your trading method. Meaning entry signal, exit signal, money management, risk management, position size and anything else pertinent to your success.Ignored
Disliked(...)Just kidding .... but seriously... we as fx traders have this insane need to over complicate matters. We can't seem to accept the fact that some things are really just "that easy".(...)Ignored
As for money and risk management, those are variables depending on the trader - no one trades the same, it depends on your confidence and tolerance to risk.
I for example, risk only 1% or less per trade... but sometimes make some entries at 10% risk, if I'm confident enough.
As for success with this method, some traders will certainly have more than others - again, it depends on how well you've absorved the method, your practice, your confidence... and some traders might find out it doesn't suit them, and move on to other methods... it's normal;
I started to keep organized records from my trades on live account with this method 2 weeks ago (was demoing before that), and for what it's worth, I have:
- 83 trades;
- 74% profit trades;
- 5.38 profit factor;
- 2.3% drawdown.
I'm sure others are more successfull than that... but I can tell you it's the best record I've had in Forex (I've been trading for 2 years) - so I'm very happy with the method. And I get better at it day by day.
As Wallst says... we tend to complicate everything.
Of course all of those aspects are part of the learning and disciplining process, but at the end, they become a part of us and of our trading, not needing to be constantly thinking about them (MM and such).
tonirai (aka whats_up)