DislikedThis system has been available for nearly a year now. I RESPECTFULLY ask ---is anyone making consistent profits using it exactly as it is outlined in the first post?
By consistent I mean plus 5% return per month for at least 8 months with negative months being not much more than 5% and not risking more than 2% per trade.
Really appreciate any reply.Ignored
- plus 5% return per month for at least 8 months
- with negative months being not much more than 5% and
- not risking more than 2% per trade.
Hi Iamfx,
you are very specifc with what you asked.
My answer is NO.
I do not measure my trade performance in terms of % return per month. I manage my trading business using a % profit cycle which is not month dependent. Reason why I do this is simply because the market condition is not a monthly cycle. We trade according to the market type and adjust our trading according to the market type. In some months market ranges more often and trending. Hence in some months, there will be more trades and in other slow moving months, there will be fewer trades. So we must adjust our trading to the varying market condition.
On a longer term, I will look at my trades after every 100 trades, and look at the system performance.
I also do not risk 2% per trade. I trade a basket of trades, and I start with much smaller % initial risk and build up my positions gradually to full risk depending on market condition. I trade multiple entries / multiple exits unlike what is described in post#1.
Hope this explains and will help you in your decision.
Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
