My System
For the past six months I have been developing a technical/fundamental system that has a 2/3 win rate and targets 100 pips per trade with only a 50 pip stop loss. This system was developed around my money management plan and it is working wonders. If I take 10 trades and win only 5 making my win rate 50% I should in theory be profitable by 250 pips
100 pips x 5 wins = 500 Pips
50 pips x 5 losses = 250 pips
The system I have developed relies on both technical and fundamental data and it also requires I watch what positions carry traders are taking. My win rate over the past 6 months has been 2/3 which is 150 pips for every three trades I take. My weekly goal is 50 pips per week on a $35,000 account leveraged at 100:1. I trade 3% every trade which I round down to $1000 and make $500 return on average.
I leave all my profits in my account to compound it I started 6 months ago with $20,000. I trade very little but always have a PDA with me to take/exit trade when I am at work.
I think I have finally perfected this system and now I am tweaking my exits to allow me to exit with 50 pips profit at times instead of letting it become a loss again. This will hopefully allow me to make my win rate higher and allow me to increase my account exponentially.
My Trading History
I started trading two years ago but it was a hit and miss game. I lost some money but I eventually swallowed my pride and got a mentor, after I mentored for a few months I begun to understand how this market really works. For the past nine months I have been trading profitably and have been growing my account which started with $20,000 dropped to $14,000 and has now crept back up to $33,729.
It has grown so fast because I do not withdraw money from it as I have another job. I plan to soon quit that job and trade full time but I want to be making $1,000 weekly before I do that.
If you have any questions please feel free to ask them here or email me at [email protected]
For the past six months I have been developing a technical/fundamental system that has a 2/3 win rate and targets 100 pips per trade with only a 50 pip stop loss. This system was developed around my money management plan and it is working wonders. If I take 10 trades and win only 5 making my win rate 50% I should in theory be profitable by 250 pips
100 pips x 5 wins = 500 Pips
50 pips x 5 losses = 250 pips
The system I have developed relies on both technical and fundamental data and it also requires I watch what positions carry traders are taking. My win rate over the past 6 months has been 2/3 which is 150 pips for every three trades I take. My weekly goal is 50 pips per week on a $35,000 account leveraged at 100:1. I trade 3% every trade which I round down to $1000 and make $500 return on average.
I leave all my profits in my account to compound it I started 6 months ago with $20,000. I trade very little but always have a PDA with me to take/exit trade when I am at work.
I think I have finally perfected this system and now I am tweaking my exits to allow me to exit with 50 pips profit at times instead of letting it become a loss again. This will hopefully allow me to make my win rate higher and allow me to increase my account exponentially.
My Trading History
I started trading two years ago but it was a hit and miss game. I lost some money but I eventually swallowed my pride and got a mentor, after I mentored for a few months I begun to understand how this market really works. For the past nine months I have been trading profitably and have been growing my account which started with $20,000 dropped to $14,000 and has now crept back up to $33,729.
It has grown so fast because I do not withdraw money from it as I have another job. I plan to soon quit that job and trade full time but I want to be making $1,000 weekly before I do that.
If you have any questions please feel free to ask them here or email me at [email protected]
(so far hehehe)