Disliked{quote} Ah, Dream Theater!!! Perfectionists at work!!! How about this one (Jo Petrucci doing a fine Job). http://www.youtube.com/watch?v=h06YL...5Tvac2NbCvmeWw Okay, as a former studio owner I am playing guitar myself and I like this epic stuff. bblIgnored
- #820,702
- Aug 2, 2013 2:20pm Aug 2, 2013 2:20pm
- | Joined Nov 2011 | Status: Trader | 2,927 Posts
swing it!
- #820,706
- Aug 2, 2013 6:05pm Aug 2, 2013 6:05pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
Proud to be a minority profitable beginner in forex80% profit in 5weeks time, forex really suit my well
Trade with caution, dont be complacent. In the past I been taking profits consistently for months, however just two weeks of bad trades killed all my profits when I started compounding. Dont be too confident that you can continue to profit all the way.
- #820,709
- Aug 2, 2013 8:21pm Aug 2, 2013 8:21pm
- Joined Nov 2012 | Status: Trader | 13,922 Posts
Proud to be a minority profitable beginner in forex
But what you see...........
Might not Be...................
The More You Learn, The More You Earn.....
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..
- #820,711
- Aug 2, 2013 8:35pm Aug 2, 2013 8:35pm
- Joined Dec 2012 | Status: Trader | 8,124 Posts
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..
The world you desire can be won. It exists.. it is real.. it is possible..
- #820,712
- Edited Aug 3, 2013 12:14am Aug 2, 2013 10:41pm | Edited Aug 3, 2013 12:14am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
{quote} 0.1 ~ 0.6 lots size of opening position at the same time in a 1k USD account (just an example..) SL at about ~60pips risky ?..
0.1to 0.6 lots mean 10,000 to 60,000 currency units.
That means profit/loss of $1 to $6 per pip
For 60 pip Stop-loss it comes out to be $60 to $360
For an account of $1,000, this is a risk of 6% to 36%
Average risk is 21% of account equity
I don’t say this risk is high or low, but what I know is that:
1.Only one loss will significantly reduce the operating capacity of this account. That means, after only one loss, this account won’t be able to open the next position of same number of units. This in turn means a winner of much more than 60 pips will be needed to come back to the current operating level. Two or three consecutive losses will send this account back to stone age and it will require many times multiplying the equity balance to come back to current operating level.
2.Not many traders can think rationally and take right decisions under stress. This increases chance of losing even more.
3.Market does not operate in a consistent manner. After taking a stop-loss in a volatile move, it may decide to go into consolidation mode and not move much in many days. That means less recovery chance and more frustration, leading to more errors of judgment
For many years now, I have been preaching only one thing here: KEEP YOUR FUCKIN’ POSITIONs AS SMALL AS POSSIBLE.
Sum total of risk exposure on all open positions on an account should not be more than ½% to 1%. The account you mentioned has a risk exposure much more than that.
To operate at a risk of 21%, one needs only one thing……………… a guarantee that there will be no two or three consecutive losses. If this guarantee is not there, margin call is the fate of this account.
“Only this one last time” never works. One has to start doing right things from where he/she is now. Lo The current account balance whatever it is now, is good for a prudent re-start………….. trust me.
The Thief of Wall Street
- #820,713
- Aug 2, 2013 11:14pm Aug 2, 2013 11:14pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Proud to be a minority profitable beginner in forex
103% in this week on a real account. Risk not more than 1% at a time. Ask me for the proof, I will provide you.
But wait that's not all, let me also provide additional 11 pieces of information from my archived files showing 99.99% losses in a day also on real accounts. One account got magin called five minutes after it was opened. This is forex, one has to keep his/her ass covered all the time.
The Thief of Wall Street
- #820,714
- Aug 2, 2013 11:55pm Aug 2, 2013 11:55pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #820,716
- Aug 3, 2013 12:24am Aug 3, 2013 12:24am
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #820,717
- Aug 3, 2013 12:40am Aug 3, 2013 12:40am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} 0.1to 0.6 lots mean 10,000 to 60,000 currency units. That means profit/loss of $1 to $6 per pip For 60 pip Stop-loss it comes out to be $60 to $360 For an account of $1,000, this is a risk of 6% to 36% Average risk is 21% of account equity I don’t say this risk is high or low, but what I know is that: 1.Only one loss will significantly reduce the operating capacity of this account. That means, after only one loss, this account won’t be able to open the next position of same number of units. This in turn means a winner of much more than 60...
Hi Chicky,
soooooo true!!!!
Have a nice weekend
- #820,718
- Aug 3, 2013 1:19am Aug 3, 2013 1:19am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} LOL. Please explain. Your question is so short, I first thought you were asking for condoms.
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #820,719
- Aug 3, 2013 2:06am Aug 3, 2013 2:06am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!
- #820,720
- Aug 3, 2013 2:08am Aug 3, 2013 2:08am
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
New voice message: Why are you calling me? If I need you, I'll call you!