{quote} Hi again, while you seem to be listening to my advices, I have to tell you that diamond next to my name is some FF nonscence, am only 30 y/o and the only reason why I can survive in FX is coz I am pretty used to be poor so I dont need much cash. This is more of a fun for me, though it pays rent, sometimes. Regarding equity considerably above balance - I sometimes had this problem too - with smaller accounts. Generally it is not very good because of this single reason - you gotta get out of screen from time to time. You need to eat, sleep,...
Great posts! I admire the way you are able to take small intrasession trades and hang on to them as well as maintain equity/balance relationship. I've tried to trade like this before with quick entries tight stops on high leverage to surf a long term wave. Some worked, some didn't but I found myself meddling with too many positions and it cost more time than it was worth. It's great that you found a way toomake it work.
I also had problems with having equity several times higher than balance, my targets are usually years away and it was heart stopping to watch the equity grow several times the balance and drop by half or more. As I started to get better and better at investing (not just Fx), I started to value my time more than the money. This plus having multiple positions + other investments keeps me away from staring at the equity/open profits, when some positions are in a pullback others balance it out, not perfectly but good enough I think. The most difficult part was building that first position with yo yo equity, the 2nd position makes it easier, 3rd & 4th position becomes more smooth sailing. With 10+ positions, even though the equity is several times higher than balance it's manageble, some positions get closed after reaching their targets, new positions are being created while the rest are surfing their trends.
I have to say I've been pleasantly surprised by the quality of all the contributions. Thanks for joining in guys!
