Edit: 14/02/17
I have linked a Trade Explorer as you can see above, other accounts are linked to the server it resides on. So i wanted to be very sure with a small test trade, as they all need to mirror
I have attached a Trading Guide, this is an excel sheet that shows projected returns, but at the same time assists with lot sizes and points accrued and weekly balances.
It is based on 100 points per week, (20 points per day) It is a slow and steady method that does not have crazy 0000000's at the end.
To much focus is placed on the end game and not enough on The Process.
Money is the by product of a good process, execute and manage a trade well and money will follow.
As an example;
Account Value: 500
We assume 1% risk : 5 ( this is not our lot size it should equate to risk of One trade.
If under our current strategy our stop loss is deemed at: 10 points
Our lot size would be: 0.50p per point
You will say to me that 20 points per day risking 10 points is suicide and not for the long term.
The trading guide is there as just that "a guide", i will show how you are looking at 5, 6, or 7x the risk.
All testing is complete and Trading will commence from tomorrow morning.
I trade for a living and will post more actively in the afternoon.
Regards
Bigwal (Warren)
Prelude Post
And so it Begins...
We are in an industry where we are surrounded by more distractions than you can shake a stick at!
Big flashy clicky things and buttons of all kinds tempt us in, every man and his dog seems to have an offer for you.
The tide needs to turn, i have seen far to many people suffer. A little more clarity, something you can back up and you know what, just some god damn
proof.
Proof that your method works in the real market & proof that your account is actually real and profitable as you state.
Trust has to be earned!
Get ready to saddle up, bright and early Monday morning.
Bigwal (Warren)
I have linked a Trade Explorer as you can see above, other accounts are linked to the server it resides on. So i wanted to be very sure with a small test trade, as they all need to mirror
I have attached a Trading Guide, this is an excel sheet that shows projected returns, but at the same time assists with lot sizes and points accrued and weekly balances.
It is based on 100 points per week, (20 points per day) It is a slow and steady method that does not have crazy 0000000's at the end.
To much focus is placed on the end game and not enough on The Process.
Money is the by product of a good process, execute and manage a trade well and money will follow.
As an example;
Account Value: 500
We assume 1% risk : 5 ( this is not our lot size it should equate to risk of One trade.
If under our current strategy our stop loss is deemed at: 10 points
Our lot size would be: 0.50p per point
You will say to me that 20 points per day risking 10 points is suicide and not for the long term.
The trading guide is there as just that "a guide", i will show how you are looking at 5, 6, or 7x the risk.
All testing is complete and Trading will commence from tomorrow morning.
I trade for a living and will post more actively in the afternoon.
Regards
Bigwal (Warren)
Prelude Post
And so it Begins...
We are in an industry where we are surrounded by more distractions than you can shake a stick at!
Big flashy clicky things and buttons of all kinds tempt us in, every man and his dog seems to have an offer for you.
The tide needs to turn, i have seen far to many people suffer. A little more clarity, something you can back up and you know what, just some god damn
proof.
Proof that your method works in the real market & proof that your account is actually real and profitable as you state.
Trust has to be earned!
Get ready to saddle up, bright and early Monday morning.
Bigwal (Warren)
I need to finish something i started
