Disliked... During the first 5 months I made about an 80% return but then lost most of it in about 10 days....Ignored
This plummet ensues certainly not to have taken into account your money management.
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Disliked... During the first 5 months I made about an 80% return but then lost most of it in about 10 days....Ignored
Disliked{quote} Hi This plummet ensues certainly not to have taken into account your money management.Ignored
Disliked{quote} Hello, Thanks for your reply. what you say is straight to the point. I completely ignored money management.... I had just finished my sta exams and was high on confidence and thought to make easy money... Anyway to cut the story short, at first I had an incredible win ratio (I account this to pure luck now) which has now reversed. I still have not used any of my initial capital but now the losses seem to be more than the wins...(bottom/top picking, impatience etc...) It seems that I still have a lot of way in front of me, studying the basics,...Ignored
Disliked{quote} Hi, Many have had the same path ---------------------------- After chart analyse with your favorite strategy, try to use these 2 simple rules : 1) Invest smaller than 5% (the best is 2%) by StopLoss setup- and when it's possible move SL to breakheven. 2)TakeProfit is selected with risk reward greater than 2. ------------------- We will need a good mental discipline for moneymanagement ----------------------------- Kelly criterion, Profit Factor,Expectancy,...will help certainly ------------------------------------------ Link your...Ignored
Disliked{quote} aalperbk, I Really enjoy your counting. A big thank you to you. About USDJPY, can I another opinion like attached ? {image}Ignored