Dislikedok ... here is the most important thing to be successfull. I dont want to share my strategy (not yet), because any strategy should be good if you follow this, and my strategy based on what i found in this forum not something new.
.... i think actually i'm to slow to reach my goal ... you can do better for sure
A must for trading:
1. Money management - minimum Balance/25.000
2. Timing
- i start to trade only by EU/London opening (3-4 hours) and then break starting again by New york and NYSE opening (3 hours)
3. Compounding your lot size
4....Ignored
The principals you state are sound such as the MM, patients, timing and compounding, but I have one question with you attached spreadsheet.
There you have # of lots at 0.1 for 50 pips for 21 trades. The problem is 0.1 lots for 50 pips returns $50. You have that compounding every trade. (50, 51, 52.02 as the profit)
Now once you move lot size to .2 for 50 pips (.2 = $2 per pip for cable). Early on you have the profit at 75.78 for the trade but .2 for 50 = $100.
Just wanted to let you know the principal is sound but the spreadsheet math doesn't add up.
C.
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