DislikedCome on brother, YOU know my situation. I don't play large lots because I like to or I'm greedy.....Ignored
Sorry bro
Thank You
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DislikedCome on brother, YOU know my situation. I don't play large lots because I like to or I'm greedy.....Ignored
DislikedI know chris. Didn't mean it that way. Just trying to point out in general that you don't need a million bucks to trade that way. I did not mean specifically your situation.
Sorry broIgnored
DislikedI Know dude...just bored I guess. Still, I'd never trade without a stop regardless of how big the account or how small the position. What if you loose connection with your broker and the market takes off? Sure, you can use the phone and call them but a lot can happen in the mean time. And how would you know the price they quote you is good?
Not that I'm implying a broker would do anything to take advantage of you or anything...
Maybe it's just me but I think new traders reading it's ok to trade without a stop isn't a good thing.Ignored
DislikedOK, I'll bite, You show me how to make at least 6K a month for the bills from a 5K account trading the way you suggest.
You do, and you're my new hero....LOL
Anything over 6K grows the account. 6K or less and I start all over with 5K.
Like I said, not in "MY" particular situation.Ignored
Disliked6K maybe too much for a month with 5K capital. 2-3k is doable with 5% each trade and go for 30 pips. Enter within 0-3 hours at European opens (11:00 GMT) or whenever the price touches upper or lower Bollinger band. GO with the opposite direction.
I personnally haven't tried out this method to be honest but it's highly probable. Personally, I use longer time frame (12 hours or daily) and volume to gauge the next move. I don't ask for too much even tho using higher time frame.Ignored
DislikedPlease brother don't make such mistakes. If e.g any bad news breaks out and a drop of 300 pips occurs then that will be a disaster for you. Just go for long SL of maybe 50 or 100 etc.Ignored
DislikedWell, I've been demo trading for about 11 months. For the last 3 of them I did it and the first month of live trading I did. This month I'm falling short (so far) mostly because of the lack of market movement and a few mistakes too.
I don't use indicators of any kind. Just PPZ's and PA. An occasional fib and/or MACD for confluence but that's it.
But the market has to actually move.....LOL
I'm not happy about the situation but we have to play the cards we're dealt in life so, there it is....LOLIgnored
DislikedOK, I'll bite, You show me how to make at least 6K a month for the bills from a 5K account trading the way you suggest.
You do, and you're my new hero....LOL
Anything over 6K grows the account. 6K or less and I start all over with 5K.
Like I said, not in "MY" particular situation.
The only way I can think of (other than the way I trade) is to never be wrong picking direction. And we all know how easy that is.Ignored
DislikedYou've got the odds stacked against you, my friend, attempting those types of monthly gains with any trading system, as you need to constantly use dangerous levels of leverage just to put food on the plate, which eventually ends in tears, unfortunately. Your capital base is simply way too small to support those kind of returns, without having another income to fall back on in the leaner months - and there will be plenty of those.
I have read your previous posts and you seem a very decent guy, so I obviously wish you the greatest success with your...Ignored
DislikedYou've got the odds stacked against you, my friend, attempting those types of monthly gains with any trading system, as you need to constantly use dangerous levels of leverage just to put food on the plate, which eventually ends in tears, unfortunately. Your capital base is simply way too small to support those kind of returns, without having another income to fall back on in the leaner months - and there will be plenty of those.
I have read your previous posts and you seem a very decent guy, so I obviously wish you the greatest success with your...Ignored
DislikedOK, I'll bite, You show me how to make at least 6K a month for the bills from a 5K account trading the way you suggest.
You do, and you're my new hero....LOL
Anything over 6K grows the account. 6K or less and I start all over with 5K.
Like I said, not in "MY" particular situation.
The only way I can think of (other than the way I trade) is to never be wrong picking direction. And we all know how easy that is.Ignored