Edit2: Changed reward from 7000% to 2100%. 7000% is how much greater reward is than risk.
A spinoff of "Rags 2 Riches in 10 or 20 trades" thread.
Having just recently closed out profits on a trade with a net reward of 120x of the stop loss, I feel it is appropriate to share this as well.
ESPECIALLY since there are some HUGE trades setting up in the next few weeks, in which you may be able to take advantage of this.
My recent success was with the EURJPY long to 145 from 135 (120x realized profit in comparison to stop loss). My stop was 10 pips and I gained over 800 pips (no i wasn't using 300:1 leverage).
Here is a basic template anyone can run with.
If $30 is a large stop loss to you, you should get back to your 9-5 and not consider trading until you have a few grand to mess around with.
Balance: $100 (0.3 lots)
Leverage: 300:1
Stop Loss: 10 pips
Risk: 30%
Take Profit: 500 pips
Reward: ~2100% of balance (7000% greater than risk)
Additional Rules:
-Add 20% to initial lot size every 100 pips price moves in your favor.
-Doing this will increase your net take profit by ~30%.
-The downside is that it will decrease your BreakEven point, but not substantially.
Trade 1 - Risk $30 profit $2140
Trade 2 - Risk $700 profit $49000
Trade 3 - Risk $14700 profit $1.02mil
Example: 0.3 lots x 500 = $1500 , 0.06 lot x 400 = $240 , 0.06 lot x 300 = $180 , 0.06 lot x 200 = $120, 0.06 lot x 100 = $60
Total = $2140
If anyone finds a broker that offers 300:1 leverage to account balances over $100,000... let me know.
Not that you would want to be using that amount of leverage. It's just that to continue this trading "once in a blue moon" setups you will have to do so with lower leverage, which is advisable anyways.
Still, I think I've heard of brokers offering 300 lot trading to accounts with only $100k, but honestly none come to mind.
Edit: Posted a chart of a currently active "once in a blue moon" position. I told you guys big trades were forming.
A spinoff of "Rags 2 Riches in 10 or 20 trades" thread.
Having just recently closed out profits on a trade with a net reward of 120x of the stop loss, I feel it is appropriate to share this as well.
ESPECIALLY since there are some HUGE trades setting up in the next few weeks, in which you may be able to take advantage of this.
My recent success was with the EURJPY long to 145 from 135 (120x realized profit in comparison to stop loss). My stop was 10 pips and I gained over 800 pips (no i wasn't using 300:1 leverage).
Here is a basic template anyone can run with.
If $30 is a large stop loss to you, you should get back to your 9-5 and not consider trading until you have a few grand to mess around with.
Balance: $100 (0.3 lots)
Leverage: 300:1
Stop Loss: 10 pips
Risk: 30%
Take Profit: 500 pips
Reward: ~2100% of balance (7000% greater than risk)
Additional Rules:
-Add 20% to initial lot size every 100 pips price moves in your favor.
-Doing this will increase your net take profit by ~30%.
-The downside is that it will decrease your BreakEven point, but not substantially.
Trade 1 - Risk $30 profit $2140
Trade 2 - Risk $700 profit $49000
Trade 3 - Risk $14700 profit $1.02mil
Example: 0.3 lots x 500 = $1500 , 0.06 lot x 400 = $240 , 0.06 lot x 300 = $180 , 0.06 lot x 200 = $120, 0.06 lot x 100 = $60
Total = $2140
If anyone finds a broker that offers 300:1 leverage to account balances over $100,000... let me know.
Not that you would want to be using that amount of leverage. It's just that to continue this trading "once in a blue moon" setups you will have to do so with lower leverage, which is advisable anyways.
Still, I think I've heard of brokers offering 300 lot trading to accounts with only $100k, but honestly none come to mind.
Edit: Posted a chart of a currently active "once in a blue moon" position. I told you guys big trades were forming.
Be hopeful in a winning position, and fearful in a losing position.
