DislikedDear Prof TAH, First of all I have to assure you that everyone here appreciate your time, knowledge and effort you put in educating others for free of charge. I am one of them. What I am going to raise is NOT by all means to discredit you in any way as I have a healthy respect for you. I few pages before I asked you about money management regarding your "scout" trades that went against you considerably before it turned and made profit for you. Here is my example on your UC trade. The 8 buy entries went against you in a total of 766 pips before...Ignored
Spitt, you're new relatively speaking. I've responded to this question at other times too, long in the past. My statements back then I'll repeat. This is a crazy way to trade (just like the professionals do) and cannot be done unless either you have unlimited ability to increase the margin you trade on (just like the professionals do) or you trade very, very, very light relative to account(s) size. That's it. Oh, and I don't recommend this manner of trading (not yet anyway, because I am still growing with it) because it can be extremely stressful. You think 700-800 pips against you is bad? You ain't seen nothing! And then there is the time factor. The time factor is the primary reason I do not recommend this way of trading. Even though eventually (99.99% of the time so far) such trades come to profit, the time is lost where the money could have been traded for sooner profits. Professionals do not have this problem. Whenever they have funds tied up in a trade, they just get more funds to keep on trading. They are unlimited. We are not.
I have yet a few such trades. When they are complete I do plan to trade a bit differently and with larger trades. Do not ask anything more personal because actual trade sizes and account sizes should remain private with every Sonic R. System trader. That is why I have always shown trade as pips gained EP to TP, or pips lost EP to SL (or manual close). I do not intend to contribute to big money traders passing the system by because they think it is for small fry, nor do I intend to contribute to small fry passing the system by because they are intimindated thinking everyone here is big money. We are all equal so long as evaluating everything as pips between entry and close.
Hope this helps,
-tah