USDJPY, Short @ 102.36, Target @ 102.04
- #145
- Edited 6:19pm Mar 5, 2014 6:02pm | Edited 6:19pm
- Joined Sep 2009 | Status: Trader | 1,027 Posts
{quote} Hi matheszabi! Could it be that you might be undercapitalized? Kindest regards! FXcube
Undercapitalized to have the real power to move the Market: I can't buy 10k -100k lots with 1:1 leverage. Imo that need to move the market when NY and L overlaps.
Not undcercapitalized for minimal trade size at my broker. If the min trade size is 1000 units, than 300 base currency units it isn't undercapitalised. Oanda allows 1 unit trading, so there the 1 usd isn't undercapitalised.
-100 pip not a big problem, for me. If I take a position, which I would like to hold 2-3 weeks the mental SL is around 150-250 pip.
Long time ago, around 6 or more months you have used a setup, but I don't remember in details:
You have started a long and a short position from the same price. Eg 1.3700 Long and 1.3700 short at Eur/Usd.
At that time I didn't followed your setups , so I don't know how it was the key to get in profit with those positions. That is what I have asked.
My counter trend / price action trading was brilliant and huge gains at short term: 2-3 month.
In number of trades I don't know, around after 60-120 trades of BE or win got 1-2 with huge Drawn down: even 20%-30%, almost 60% if were 2x consecutive.
3x consecutive major loss made me to take a break and review my trade style
"Most trades which I will publish here were ante up with 1 Lot at 10'000.-$ Deposits."
So you are using 1:10 leverage.
I have used 1:10-1:20 for intraday scalping.
1:5 to hold more than 1 days
1:2 to let is float a while: more than 1 week, but a news came always and I closed the position or added more.
I want to buy PATIENCE
- #148
- Mar 6, 2014 1:06am Mar 6, 2014 1:06am
- Joined Nov 2009 | Status: Trader | 27,245 Posts
{quote} Undercapitalized to make a living from gains/loss. I don't have 24 full month salary at my broker. IMO that needed to have a living only from Forex.
...& it depends how much percent per year you are able to earn.
If you make 50% per year then you have your 100% old salary but you have also to take over more risk than if you decide to make "only" 20% per year or 5% per anno. In the last case you need ten time as much as you described above.
FXcube
