Just can't see how anyone could risk that much of an account, risking $5,000 on Palladuim? Long, Intermediate and short term trends down, took me a few shots at finding the highs a year ago and still short after rollovers, but I never risk that kind of money like you do. Ever hear about hedging? And I highly doubt you can get close to 90% win rate not trading the way you are, you lack total disicipline, you have to have much more confidense in you method and unless it is shouting a signal, best to stay on the side. I am a firm believer of not risking more than 2% on long term trades, otherwise when drawdowns occur, you won't have enough to bounce back. I think unless you have $50,000, long term futures should not be tried, better to do ETF's with less monies.
He probably has a 90% win ratio, and then one day 1 of the 10% losers blows up his account. Win ratio has nothing to do with being a profitable trader, but noobs love these kind of threads or root for the traders on the ES journal who keep averaging down after the market already goes 10 points against them. Also, if the chart he posts on this thread is really the charts he uses, they are close to worthless in predicting future price movement correctly. My charts probably have a 90% win ratio, but I am not patient enough to wait for a perfect setup, but I am happy with my 60% win ratio at even risk vs reward.
. . RESTART Ok, now i restart it again. The starting balance is 10,000 USD. The trades are in real time. I give my best. Thank you.
maybe if you try 9 to 1 risk/reward you can get 90% ? not sure just sayin' good luck btw, the USDCAD has a long downward trend. FX keeps it's megatrends really well. i'd only do short trades on that, so again, good luck. i'd put a target at 0.9930...
Thank you for the advice. The reason why i lost is because i didnt followed my rules. Now i only trade my rules and i will make money. I am not a gambler, i have a proofen perfect working arsenal of strategies. I am a trader and its the only thing i can. PEACE
Greetings, yes, i know what hedging is. But my trading style is betting on high odds, nothing else. How much i bet depends on the money in the account, i mean, if i only trade with 10,000 then a risk of 1-2k is ok, because i know if i lose it, i will make it back. If i trade with 100,000 then the same trade would be a 10,000 risk trade. Yes i bet high and so i win high - together with 9 of 10 trades are winners, i am a successful trader. No risk / no fun. I dont hedge anything, i only trade the odds in the markets. Best,
Hi, i am a short time trader, so i dont care what the long trend is. My target is around 1.0000 for the next days. But the odds can change with every new bar. I will keep you updated.
Trade 2 GBPJPY Short Entry 124.82 at 19:29 New York Stop 125.72 Risk = 2,000 USD --------------------- open trades = 2 maximum possible risk = 50% of account Leverage = super high total risk = 4,000 USD