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Another simple system - Time-Frame 15

  • #11,521
  • Oct 29, 2012 3:42am Oct 29, 2012 3:42am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
I always keep to a limit of 15 pips everyday and always risk 6%. 6% as I have started small, mimicking the real account which I will start very shortly.
  • #11,522
  • Oct 29, 2012 3:43am Oct 29, 2012 3:43am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
Nothing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,523
  • Oct 29, 2012 3:44am Oct 29, 2012 3:44am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
Tell me "No guts no Glory"..who cares

No guarantees in trading..I'll stick with my 2-5% investment..

As X-Man told me the other day..the turtle wins the race
  • #11,524
  • Oct 29, 2012 3:45am Oct 29, 2012 3:45am
Quoting emmanuel7788
Nothing.
Huh!!??....tell me..tell me... tell me.... why this answer????

Not worth the risk for such small return????
  • #11,525
  • Oct 29, 2012 3:46am Oct 29, 2012 3:46am
133 viewing plus Invisible ...
and ...
this person risk being seen..

he must be hiding his Stop Loss when trading.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #11,526
  • Oct 29, 2012 3:49am Oct 29, 2012 3:49am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
Would not take. No risk limit
  • #11,527
  • Oct 29, 2012 3:52am Oct 29, 2012 3:52am
Quoting ejiexe
I am sorry master. You told us severally that there is no sure trade.

xhale said is going to risk 100%! What if the account is burnt and then price go your way for 5pips lol
He said for sure

I know this will never be and its a hypothetical situation.... but if I were to somehow know without any doubt that price would move 5 pips in one direction. I would risk 100% and TP at the 5 pip target
What is any ocean but a multitude of drops?
  • #11,528
  • Oct 29, 2012 3:52am Oct 29, 2012 3:52am
when you have a lot of money your task is to minimise risk when you go into the trade and not to maksimize profit.

If you minimize risk the profit will come.

So I think we should also answer about stop loss and not only the percentage of portfolio we would invest in trade which will give us 5 pips.
  • #11,529
  • Edited 4:30am Oct 29, 2012 3:52am | Edited 4:30am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
My brother, I love your psychological posts, they provoke much deeper thought.
I believe nothing in life can ever be 100%, as to believe this can and most possibly will lead to your own downfall, and will ultimately be the architect of your own failure. In my opinion be confident in your own ability and trading style, but always strive to improve. Whether your success rate is 100%, 50% or 30% always have a sustainable plan as today's 100% winner can be tomorrows 100% looses.
So my answer to the question would still be to risk no more than 5% of your account and be patience and avoid that temptation to be greedy.

Take good care yourself
ww x
'May God guide you on your life's journey...'
  • #11,530
  • Oct 29, 2012 3:56am Oct 29, 2012 3:56am
Quoting emmanuel7788
Here is my Big Picture:
Straight to the point, as usual! I think your chart is an example for everyone how to keep it simple!
  • #11,531
  • Oct 29, 2012 3:58am Oct 29, 2012 3:58am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this

Treat it as a normal trade and risk 2%
  • #11,532
  • Oct 29, 2012 3:58am Oct 29, 2012 3:58am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
My mind is cracking now lol.
  • #11,533
  • Oct 29, 2012 3:58am Oct 29, 2012 3:58am
Quoting wonderwoman
My brother, I love your physiology posts, they provoke much deeper thought.
I believe nothing in life can ever be 100%, as to believe this can and most possibly will lead to your own downfall, and will ultimately be the architect of your own failure. In my opinion be confident in your own ability and trading style, but always strive to improve. Whether your success rate is 100%, 50% or 30% always have a sustainable plan as today's 100% winner can be tomorrows 100% looses.
So my answer to the question would still be to risk no more than 5% of your...
Hey WW!

I don't think it would be greedy at all. Simply logical. If price was guaranteed to go in one direction, the only wise option would be to go "all in". There is 0% risk. Obviously I would never do this as nothing is ever 100%, but just for the sake of this question... I would.
What is any ocean but a multitude of drops?
  • #11,534
  • Oct 29, 2012 4:05am Oct 29, 2012 4:05am
Quoting Xhale12
Hey WW!

I don't think it would be greedy at all. Simply logical. If price was guaranteed to go in one direction, the only wise option would be to go "all in". There is 0% risk. Obviously I would never do this as nothing is ever 100%, but just for the sake of this question... I would.
The problem part of this question is he's not saying if it may go against you before giving you the guaranteed 5pips...so if it goes back 6 pips before giving you the guaranteed 5 pips your account is blown before you got to the 5 pip mark..
  • #11,535
  • Oct 29, 2012 4:08am Oct 29, 2012 4:08am
Quoting Ramjet
The problem part of this question is he's not saying if it may go against you before giving you the guaranteed 5pips...so if it goes back 6 pips before giving you the guaranteed 5 pips your account is blown before you got to the 5 pip mark..
Well that is a different scenario. In that case, I would risk my normal amount.
What is any ocean but a multitude of drops?
  • #11,536
  • Oct 29, 2012 4:08am Oct 29, 2012 4:08am
Quoting 99problems
100% if i had a written agreement to get 5 pips lol
I'd like to change my opinion. Capital protection comes first. Regular risk (1-2%)
steph
  • #11,537
  • Oct 29, 2012 4:10am Oct 29, 2012 4:10am
Quoting Xhale12
Hey WW!

I don't think it would be greedy at all. Simply logical. If price was guaranteed to go in one direction, the only wise option would be to go "all in". There is 0% risk. Obviously I would never do this as nothing is ever 100%, but just for the sake of this question... I would.
Hello Xhale,

Even if todays trade was guaranteed 100%, you would gradually over time want more and more from he same trade fuelling more and more greed, until eventually it WILL bite back at you one way or another.

Take Care

ww x
'May God guide you on your life's journey...'
  • #11,538
  • Oct 29, 2012 4:11am Oct 29, 2012 4:11am
Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
I'm newbie. Please forgive me as I can't stop me to participate. It's so exciting discussion here.
I don't think anybody here would take a trade and aim for only 5 pips. Thus, my answer is NOT willing to risk in this case.

Sorry again.
Accept as it is being!
  • #11,539
  • Oct 29, 2012 4:16am Oct 29, 2012 4:16am
What's the risk that we can be sure that you are sure? LOL

to cover that risk keep increasing the margin untilyou become confident in the reliability.

But I would never risk more than 40%, there are just some things out of our control, like when comex overnight trebled the margin required for gold, o whn a 9/11 happens
P




Quoting loveevery1
How would you guys risk if you know for sure that you will get 5 pips ?

I request every other trader there to answer this
  • #11,540
  • Oct 29, 2012 4:18am Oct 29, 2012 4:18am
Quoting emmanuel7788
133 viewing plus Invisible ...
and ...
this person risk being seen..

he must be hiding his Stop Loss when trading.
Hiya emmanuel ,
that invisible you see is me , its just that when I go out of mozilla and go back in the next day it does not keep me logged in and hence I become an invisible lurcher by default , so whenever you see an invisible you will know its peterporter , anyway I had to log in now to write this
You are all great people , lets keep this thread going
17 traders viewing now