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1 year profitable trading goal

  • #1,041
  • Sep 13, 2016 4:44am Sep 13, 2016 4:44am
Quoting Mr.Dan
{quote} Good, better practice with real money acc than demo. I did so and learned quicker. And wow 1:1000 leverage , mine is 1:100 ant thinking of going to 1:50.
Yeah if i trade with real acc, i prefer max leverage is 1:100. I use 1:1000 for learning my MM and developing my system, so far so good with 1:1000 leverage.
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,042
  • Sep 13, 2016 5:00am Sep 13, 2016 5:00am
Quoting Mr.Dan
{quote} Good, better practice with real money acc than demo. I did so and learned quicker. And wow 1:1000 leverage , mine is 1:100 ant thinking of going to 1:50.
i try to keep mine below 1:15 ...guess i'm just one of those guys who's a bit more timid
  • #1,043
  • Sep 13, 2016 5:11am Sep 13, 2016 5:11am
Quoting pursuit_21
{quote} i try to keep mine below 1:15 ...guess i'm just one of those guys who's a bit more timid
Well that is even better. My ultimate goal is 1:1 but have to trade couple (5 or so) more years
  • #1,044
  • Sep 13, 2016 7:47am Sep 13, 2016 7:47am
What if..... you have 99.9% accurate strategy (i know...i know this is naive), are you choose 1:100 leverage more or less? Need your opinion my friends....
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,045
  • Sep 13, 2016 7:58am Sep 13, 2016 7:58am
Quoting domba
What if..... you have 99.9% accurate strategy (i know...i know this is naive), are you choose 1:100 leverage more or less? Need your opinion my friends....
every trader has their own comfort zone when it comes to leverage -- you need to find your personal 'sweet spot' that works well with your market environment, trading strategy, style, and product. As the market shifts and your strategy for said market changes, you need to adjust leverage accordingly.

e.g. if I have a really good year -- I severely cut my leverage for a month or so to give my self 'room to breathe'

to have a fixed leverage for every situation and every market condition and every trade would be in your words naive
  • #1,046
  • Sep 13, 2016 8:44am Sep 13, 2016 8:44am
Quoting domba
{quote} If you start with small capital 75% not much risk i think . I only scale the risk up, never down, because i would never trade entry/exit points that have a negative expectancy at least last 3 week.

Even though we have positive expectancy with our strategy, there's still going to have losses in our edge but at least you're trading it on small capital

Quoting domba
What if..... you have 99.9% accurate strategy (i know...i know this is naive), are you choose 1:100 leverage more or less? Need your opinion my friends....
For me, it will depends on the trading strategy, trading frequency, time frame etc. These matters a lot too in our strategy. Besides, if the strategy isn't using fix amount of pips in every trades, then the leverage is likely to vary a lot in certain times..
  • #1,047
  • Sep 13, 2016 8:57am Sep 13, 2016 8:57am
Quoting pursuit_21
{quote} i try to keep mine below 1:15 ...guess i'm just one of those guys who's a bit more timid
I'm keeping mine around that level too.. You got another timid one here lol
  • #1,048
  • Sep 13, 2016 9:15am Sep 13, 2016 9:15am
[quote=Alpha8;9136816]{quote} Even though we have positive expectancy with our strategy, there's still going to have losses in our edge but at least you're trading it on small capital {quote}

Yes i start with tiny capital
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,049
  • Sep 13, 2016 9:16am Sep 13, 2016 9:16am
Thank you guys learn from you a lot today
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,050
  • Sep 13, 2016 9:54am Sep 13, 2016 9:54am
I give up trying putting myfxbook on my signature. Its easier to create new trade explorer from the account.
  • #1,051
  • Sep 13, 2016 10:36pm Sep 13, 2016 10:36pm
USD JPY has reached 103.00 again.

GBP USD @ 1.3200. Maybe becoz Bank of England print more a new "plastic money". LOL.

http://www.businessinsider.my/mark-c...-curry-2016-9/
Attached Image (click to enlarge)
Click to Enlarge Name: rtsnixv.jpg Size: 490 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,052
  • Sep 14, 2016 5:49am Sep 14, 2016 5:49am
Quoting RoelsMajor
USD JPY has reached 103.00 again. GBP USD @ 1.3200. Maybe becoz Bank of England print more a new "plastic money". LOL. http://www.businessinsider.my/mark-c...-curry-2016-9/ {image}
Looking pound going lower into 1.2900 support level.. BTW, does the queen loves curry?
  • #1,053
  • Sep 14, 2016 7:18am Sep 14, 2016 7:18am
Quoting Alpha8
{quote} Looking pound going lower into 1.2900 support level.. BTW, does the queen loves curry?
I dunno if the Queen Elizabeth... But My Queen loves it very much...

Ahh Got trapped again in UJ today, waste so much pips... I should pay attention on the current range day... I buy at the top and loaded pretty much.

Enough for today.
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,054
  • Sep 14, 2016 7:54am Sep 14, 2016 7:54am
Quoting RoelsMajor
{quote} I dunno if the Queen Elizabeth... But My Queen loves it very much... Ahh Got trapped again in UJ today, waste so much pips... I should pay attention on the current range day... I buy at the top and loaded pretty much. Enough for today.
No worries, we will call Mr. Kuroda in a few hours time when the Japanese market open and he will fix it
  • #1,055
  • Sep 14, 2016 8:17am Sep 14, 2016 8:17am
i have a question. The trailing stop loss on metatrader works when the metatrader is off? or you need to have your computer and metatrdaer on?
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,056
  • Sep 14, 2016 8:18am Sep 14, 2016 8:18am
Quoting Peruvian80
i have a question. The trailing stop loss on metatrader works when the metatrader is off? or you need to have your computer and metatrdaer on?
You need computer and metatrader on
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,057
  • Sep 14, 2016 8:21am Sep 14, 2016 8:21am
Quoting domba
{quote} You need computer and metatrader on

thanks domba
Im a Crocodile, Im a Sniper. Patience is everything.
  • #1,058
  • Sep 14, 2016 8:31am Sep 14, 2016 8:31am
Quoting Peruvian80
{quote} thanks domba
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #1,059
  • Sep 14, 2016 6:04pm Sep 14, 2016 6:04pm
this may be a 'little' pre-mature, but

...does anyone have plans for when/if they 'win' this year?
  • #1,060
  • Sep 14, 2016 6:17pm Sep 14, 2016 6:17pm
Take a look at AudNzd, i saw long entry which would work around 1.02680. Long target open up to 1.0627, nice rr there with stop just below recent low. Take note that my tf a bit longer than most.
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