Silent Service Method

Quoting Dan14

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Hi Chris! My English is bad. I want to thank you for the Silent Service Method! I made 3 consecutive months of profitable on a demo account! I want to ask you whether you can combine the Silent Service Method with the elements of the Martingale?

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Quoting clockwork71

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{quote} No worries mate. Thank you for the compliment. As far as the martingale risk management system, I have mixed feelings about it. I know that some people can be profitable with it, but it makes me nervous personally. I think it really comes down to personal choice. As far as whether or not the trades work out - the martingale won't make much difference, however - I would hate to have a few losses in a row using it! Chris

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Quoting InfinitySL

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{quote} In my experience, Martingale strategies are a recipe for disaster and ruin. As you continue to bet double your losses, you'll eventually reach a discomfort level and/or a level that will empty your account completely. I would stay away and stick with a more standard money management technique. Martingale works when the size of the bet is infinitesimally small compared to your bankroll, but breaks down as the size becomes more meaningful and you approach the house limit/margin limit as it were. My advice, stay small, build the bankroll (aka,...

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Quoting clockwork71

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{quote} As usual SL puts it better than I can.

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Quoting InfinitySL

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{quote} Ha! Never Chris. How goes it? Everything good by you? I've gone a little quiet lately... not as much time to devote to trading. Wish I had more...

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Quoting InfinitySL

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I love canda -- we try to go to Crystal Beach right over the border by Buffalo, NY. It's fantastic in the summer. Been trading much? What's your timeframe these days - are you trading off the daily/4h or daily/weekly? I've moved pretty much exclusively to Weekly b/c i just don't have the time to monitor trades like I used to.

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Quoting InfinitySL

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I think you may have said this, or perhaps it was another, but to your point above... If trading is "exciting" you're probably doing it wrong. What I mean by that is that if you're doing it for thrills or you're obsessed w/ every tick, it probably means you have too much riding on the outcome of any one particular trade. Yes, seeing your ideas pan out and doing well is rewarding, but if your in it for the thrills you might be better served in other endeavors. Part of me approaches trading with a sense of dread... that this might be the trade that...

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Quoting clockwork71

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https://youtu.be/7hoE-rukQns

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Quoting Kinder

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{quote} Hello! You are very popular in Russia, and some of you posts and pictures was translated on Russian language! Thank you for your work!

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Quoting clockwork71

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{quote} Thanks Sean..... Oh, and speaking of which, I was reading how the GBP was going to gap lower and drastically due to the next PM enacting the Brexit without consulting Parliament, therefore making a quicker move...... And I know of at least two traders that were planning on jumping into the trade face first..... Risk is everything.

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