EU Short Trade: Added short #21. MMs pumped the price up to quarter number S&R area on high activity. Before the LC close. They still looking higher prices for loading shorts. {image} {image}
{quote} I am not the least bit interested in politeness. I am interested in answers. So I will ask you.... how small do these seeds need to be to be successful? I have watched a couple of people blow up on here. Tell the newbies how big should their account be to put on 20 positions in the GU???? {image}
{quote} For me, you should have at least 40-50k pips bankroll to be able to handle DD. So, let's take as an example a 1k$ account. 1,000/50,000= 0.02$ 0.02$ should be your pip value. For small accounts you will have to use microlots to be able to do that. Now let's put a 5k pips target per month. That is a realistic target if you see the guys results (or TAH's). 0.02$ * 5.000 = 100$ With a 5k pips target, you can achieve a 10% growth, which I think is quite acceptable. I made >22% last month. I hope this answer is valid for you
{quote} Fair enuf, but no one seems to be able to say how small the seeds need to be to be successful. Where is Artful Dodger after he met his margin call? He is not the only one either. You folks need to be specific about how small the seeds should be. If not, I will be here to ask questions about that.
{quote} Then how large should a seed be??? If you have a 5k account, how large should one seed be if you are trading one pair?? Not that I expect an answer to such a specific question.
{quote} I've actually done the calculation, and it turns out to be a trade off between number of scouts verses margin call. Assuming trading a single pair. Let's say you have 1k account, 1:50 leverage, and trading 0.01 lots (the smallest) on a regular account. Meaning, this is $1000 (0.01 x 100,000 standard lot size). Assume we are using margin call and trading manually without SL. First, you like to define your ultimate DD as let's say 50%. Then you have 50% margin for trades, or 500. Assuming margin for the pair is 30, then you have 500/30 = 16...
{quote} I'm alive and well, thanks for your concern (yes, that was sarcasm!). My "seed size" was just fine, but my problem was caused by getting too greedy and trading multiple pairs at the same time. I learned a valuable lesson from that. I had high hopes that you had changed your approach here, but you seem to be right back to your old ways. I've tried to be nice, but for some reason, you and I are mix about like oil and water. I said it one before and I will say it one more time. It's not so much WHAT you say as it is HOW you say it. You come...
