Out at 15902, +120 .
Start balance £2000
Current balance £2733
Start balance £2000
Current balance £2733
Attached Image (click to enlarge)
- #25
- Jul 2, 2009 3:30am Jul 2, 2009 3:30am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
Yesterdays long stopped out -100.
Short here at 15807, SL 100, close computer, go to beach
No trades until after the 14/15th, every July is the same range bound rubbish.
Short here at 15807, SL 100, close computer, go to beach
No trades until after the 14/15th, every July is the same range bound rubbish.
- #27
- Jul 5, 2009 7:22am Jul 5, 2009 7:22am
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
- #29
- Jul 5, 2009 7:49am Jul 5, 2009 7:49am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
hi dt:
good risk aversion taking profit, your position is 20x times acc which is risky, any comments? do you use a tight stop like -10 pips to control loss to -2% of acc? I guess not.
This account is money I am prepared to lose and is traded very differently to my normal main account. I am prepared to lose the £2000 and trade it with extreme risk. My SL's have been adjusted to 100, TP 150, total risk per trade is £300 at the moment. 6 losing trades in a row from here would take it down to £1000, which is the amount needed to trade this lot size.
If the account climbs towards £20000 then risk will be increased to a max of £15-20/pip. Above £20000 the risk will be fixed at £2000-£3000 per trade, the account risk will therefore decrease until 1-2% per trade is achieved. £100000+ would need to be achieved for the 1-2% to take effect.
It is just an experiment in an aggressive, risky trading method and is money I am prepared to lose
- #30
- Jul 5, 2009 7:52am Jul 5, 2009 7:52am
- | Commercial User | Joined Mar 2009 | 2,480 Posts
47000 units with 2000 pounds account thats just crazyness, sooner or later you'll get crushed
- #31
- Jul 5, 2009 7:52am Jul 5, 2009 7:52am
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
Hi billye,
If the account climbs towards £20000 then risk will be increased to a max of £15-20/pip. Above £20000 the risk will be fixed at £2000-£3000 per trade, the account risk will therefore decrease until 1-2% per trade is achieved. £100000+ would need to be achieved for the 1-2% to take effect.
It is just an experiment in an aggressive, risky trading method and is money I am prepared to lose
- #33
- Edited 9:09am Jul 5, 2009 8:49am | Edited 9:09am
- | Joined Feb 2009 | Status: when dreamer meets reality | 1,397 Posts
- #35
- Jul 9, 2009 1:20pm Jul 9, 2009 1:20pm
- | Commercial User | Joined Mar 2009 | 2,480 Posts
I said I would not trade this week, but with movements like these I was glad I did.
Starting balance £2000
Current balance £3254.
£20,000? Another 3 months away...
Starting balance £2000
Current balance £3254.
£20,000? Another 3 months away...
