Registered: Jan 2003
01-09-12 04:17 PM
It has only been 11 calendar days and I predicted that it will take about thirty calendar days to get the positive NAV. We will see. However I do believe this account is undersized...The start capital should be double so the yields on this thread should be halved and start capital of 4K should be used. But you can add capital to this 2K account if needed. Heck..you could start with 1K and add when you think it is needed. The point being.. is that this sort of system (EUR/GBP, 500:1, Hedging counts as one, 0.01 lotsize) requires at least 4K eventually.
I spoke to one gridder who just checks his account each week, but it is another type of system. He stated he has 10K in his account and has seen 30% drawdown before. I think he trades cable. He carries a positive NAV as he has been doing this for years, but wishes to remain anonymous.
Could you folks accept 25% a year for several years with low maintenence?..then this thread should interest you . Do I trade it, No...Not yet...I am too new to grid trading and I want to see how this thread turns out. One word of warning...any grid that uses a martingale that is not semi-automatic...run far away from as I have lost thousands of dollars with that sort of acceleration.
Current state of affairs:
# of Calendar Days Traded: 11 (Start = 12/29/11)