Thread to track my progress....with capital preservation being the topmost priority.
The method used is based on quant/algo approach with no more than 2-3% risk per trade. There is no secret sauce in the "system/method" that I trade. The secret lies in RISK MANAGEMENT and POSITION SIZING.
I will update this thread with focus on trade management/risk. Maybe some charts too for the trades I take.
No day-trading on shorter time frames due to full-time 9 to 5 job constraint.
All the candles are based on New York close which helps me analyze the trade after work hours.
Goal for the year 2014: 30% to 50% growth on total capital (started trading live account in June 2014) while keeping drawdown to minimum level.
USD/INR trade is (very) long-term trade on macro-economic fundamentals till it reaches its target.
The method used is based on quant/algo approach with no more than 2-3% risk per trade. There is no secret sauce in the "system/method" that I trade. The secret lies in RISK MANAGEMENT and POSITION SIZING.
I will update this thread with focus on trade management/risk. Maybe some charts too for the trades I take.
No day-trading on shorter time frames due to full-time 9 to 5 job constraint.
All the candles are based on New York close which helps me analyze the trade after work hours.
Goal for the year 2014: 30% to 50% growth on total capital (started trading live account in June 2014) while keeping drawdown to minimum level.
USD/INR trade is (very) long-term trade on macro-economic fundamentals till it reaches its target.
