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  • #59,701
  • Feb 22, 2012 2:16pm Feb 22, 2012 2:16pm
Quoting attila
That is way to much for me. I'm very risk adverse... but maybe it's time I should up it a little..

No, don`t up your risk , you don`t need to. Stay within your comfort zone otherwise compounding will add additional stress to your trading.

Up your risk once you are a few months into compounding on a portion of your profits and you are comfortable with the concept. The idea is to make compounding work for you ....not the other way round.
" Never let the past hold the future to ransom "
  • #59,702
  • Feb 22, 2012 2:23pm Feb 22, 2012 2:23pm
Quoting attila
That is way to much for me. I'm very risk adverse... but maybe it's time I should up it a little..
increase lot size instead, by an increment of 1 mini contract for every $1000 dollars of additional account equity gained...

if anything you should be trying to reduce the percentage of your account equity exposed to risk per trade, not increase it...

if you want to put more of your equity to work then maybe look at diversifying into different markets or maybe even look at longer term investment opportunities...

my two pennies worth..

btw what's with e/u? flat-lining..
  • #59,703
  • Feb 22, 2012 2:26pm Feb 22, 2012 2:26pm
Quoting Gleneagles
No, don`t up your risk , you don`t need to. Stay within your comfort zone otherwise compounding will add additional stress to your trading.

Up your risk once you are a few months into compounding on a portion of your profits and you are comfortable with the concept. The idea is to make compounding work for you ....not the other way round.
and may lead you to drinkin
  • #59,704
  • Feb 22, 2012 2:29pm Feb 22, 2012 2:29pm
Quoting FibbinArchie
increase lot size instead, by an increment of 1 mini contract for every $1000 dollars of additional account equity gained...

if anything you should be trying to reduce the percentage of your account equity exposed to risk per trade, not increase it...

my two pennies worth..

btw what's with e/u? flat-lining..
That's what I'm doing pretty much...
  • #59,705
  • Feb 22, 2012 2:30pm Feb 22, 2012 2:30pm
Quoting FibbinArchie
increase lot size instead, by an increment of 1 mini contract for every $1000 dollars of additional account equity gained...

if anything you should be trying to reduce the percentage of your account equity exposed to risk per trade, not increase it...

my two pennies worth..

btw what's with e/u? flat-lining..
Thats what I do. My lot size is calculated based on the available equity.

Doing this rewards consecutive wins, and protects consecutive losses. Although, my biggest loss will always happen on the highest account balance.

I'm sure it would be a much different story if I actually depended on the cash to live from. Right now, I really don't have any reason not to go for maximum leverage and rip as much as I can out of the market.
  • #59,706
  • Feb 22, 2012 2:31pm Feb 22, 2012 2:31pm
Quoting fxjawn
yea a margin stop is the same shit...its loss protection just the same
hey stfu... u gotta make sure and say something dochebaggy for anyone to resopond
  • #59,707
  • Feb 22, 2012 2:32pm Feb 22, 2012 2:32pm
Quoting attila
h1 doesn't look like up.... I don't know..
Yeah, it fell out. H1 pointing down now, but at this point in time have to just assume range.
  • #59,708
  • Feb 22, 2012 2:33pm Feb 22, 2012 2:33pm
Quoting fxjawn
hey stfu... u gotta make sure and say something dochebaggy for anyone to resopond
lol...
  • #59,709
  • Feb 22, 2012 2:34pm Feb 22, 2012 2:34pm
Quoting Venice
Trade cable. Euro is a pos. I'm over it.
something else. high oil boost the gbp, since London has a lot of oil stocks, in its market. if oil drops.. the gbp should also. with iran out there oil may go up. and slow the down gbp dropping process (even with gbp qe). in turn high oil hurts the yen.. if it were not for oil/iran.. i think we would already have dropped much further in the eu and gu. the beast may be a good long as long as oil is risen. gbp/yen will follow oil.. 4$ nation wide average gas will slow u.s. consumption/demand.
those who can, do. those who cant, talk about those who can
  • #59,710
  • Feb 22, 2012 2:35pm Feb 22, 2012 2:35pm
Quoting Venice
Thats what I do. My lot size is calculated based on the available equity.

Doing this rewards consecutive wins, and protects consecutive losses. Although, my biggest loss will always happen on the highest account balance.
okay so let's say you open a short term trade (Forex, high risk, high yield) and you use a 30 pip stop, you are risking 3% of account equity, personally my aim would be to reduce that 3% figure as quickly as possible.. this becomes more and more important as the account grows, but as the account grows it also becomes easier and the more lots you trade, the more options you have with regard to scaling in and out of positions, reducing or eliminating risk earlier in the trade..

i guess the moral of the story is, don't try and run while you are still learning to walk...

important point tho', imo managing leverage, risk exposure, etc. is 99% of it..

if i start to sound preachy, just tell me to stfu...
  • #59,711
  • Feb 22, 2012 2:37pm Feb 22, 2012 2:37pm
Quoting Venice
lol...
  • #59,712
  • Feb 22, 2012 2:37pm Feb 22, 2012 2:37pm
dustbins still in the 40 pip beat

up one beat from most earlier trades

weird
Attached Image (click to enlarge)
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  • #59,713
  • Feb 22, 2012 2:38pm Feb 22, 2012 2:38pm
Quoting AllyB
and may lead you to drinkin

you have to lead a healthy life if you trade , take lots of vitamins

like beer , it is full of Vitamin P
" Never let the past hold the future to ransom "
  • #59,714
  • Feb 22, 2012 2:39pm Feb 22, 2012 2:39pm
what a boring day with eur the dog cant move

cable still so sweet with honey

gold is too dam horny and sweet too dont knew if it will stop here or will visit 1800

lube still in play
  • #59,715
  • Feb 22, 2012 2:40pm Feb 22, 2012 2:40pm
Quoting FibbinArchie
okay so let's say you open a short term trade (Forex, high risk, high yield) and you use a 30 pip stop, you are risking 3% of account equity, personally my aim would be to reduce that 3% figure as quickly as possible.. this becomes more and more important as the account grows, but as the account grows it also becomes easier and the more lots you trade, the more options you have with regard to scaling in and out of positions, reducing or eliminating risk earlier in the trade..

i guess the moral of the story is, don't try and run while you are...
Well, if I am setting up for a day trade, I actually scale in... but up to that calculated amount. As each trade is placed, that number drops until it reaches 0.0 available lots to trade with. Daily chart my risk is usually around 20-50 pips depending on where it's currently setting. But, I may risk 50 pips at only say, 25% my maximum trade size. So I only risk that 2-3% equity on the play but after 4 orders have been placed (assume 25% each). Ends up looking like I got hammered in pip count though. lol
  • #59,716
  • Feb 22, 2012 2:41pm Feb 22, 2012 2:41pm
Quoting FibbinArchie
okay so let's say you open a short term trade (Forex, high risk, high yield) and you use a 30 pip stop, you are risking 3% of account equity, personally my aim would be to reduce that 3% figure as quickly as possible.. this becomes more and more important as the account grows, but as the account grows it also becomes easier..
risking 1% archie ... gets you there huh

most hear 2% - 3% risk is what you should have

gleneagles told me 1%

do a search and you will find many great traders will tell you the same thing. i got something good on that but can't find it right now.
  • #59,717
  • Feb 22, 2012 2:41pm Feb 22, 2012 2:41pm
Quoting kill56
what a boring day with eur the dog cant move

cable still so sweet with honey

gold is too dam horny and sweet too dont knew if it will stop here or will visit 1800

lube still in play
1840.7.. was the next. we passed the mid already
those who can, do. those who cant, talk about those who can
  • #59,718
  • Feb 22, 2012 2:43pm Feb 22, 2012 2:43pm
Quoting Venice
Well, if I am setting up for a day trade, I actually scale in... but up to that calculated amount. As each trade is placed, that number drops until it reaches 0.0 available lots to trade with. Daily chart my risk is usually around 20-50 pips depending on where it's currently setting. But, I may risk 50 pips at only say, 25% my maximum trade size. So I only risk that 2-3% equity on the play but after 4 orders have been placed (assume 25% each). Ends up looking like I got hammered in pip count though. lol
yeah figures, good approach...
  • #59,719
  • Feb 22, 2012 2:45pm Feb 22, 2012 2:45pm
Quoting AllyB
risking 1% archie ... gets you there huh

most hear 2% - 3% risk is what you should have

gleneagles told me 1%

do a search and you will find many great traders will tell you the same thing. i got something good on that but can't find it right now.
yeah absolutely ally, compounding really is powerful, if you are talking telephone numbers in account equity, then maybe you should be looking at a fraction of a percent risk exposure...
  • #59,720
  • Feb 22, 2012 2:48pm Feb 22, 2012 2:48pm
Quoting Venice
Thats what I do. My lot size is calculated based on the available equity.

Doing this rewards consecutive wins, and protects consecutive losses. Although, my biggest loss will always happen on the highest account balance.

I'm sure it would be a much different story if I actually depended on the cash to live from. Right now, I really don't have any reason not to go for maximum leverage and rip as much as I can out of the market.
You can set up an "investment account " separate from your trading account , even a small amount to start with is OK. You can trade a few accounts on MT4 if you wish, your br@ker does have the facility.

The investment account becomes your compounding vehicle, you can set the risk , you can also transfer profits from your trading account to your investment account if you wish.

That is how I started but we all have unique circumstances .

Some trade for a living , some trade to get rich quick , some dabble in the market etc etc
" Never let the past hold the future to ransom "
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