I have $100 on Oanda. I want to lose it or double it as quickly as possible.

Apparently the person asking the question doesn't agree with you, as for the other posters I think they just couldn't help themselves lol

 

I like this plan. How much should I go in for though? Given Oanda's margin operating procedures. I don't want margin to kick me out prematurely.

 

Might aswell, just go small, use $20 of Margin if possible, so you'll be Called out at $20 area, which means you can take a pretty big move against you, but need a big move for 100% ofcourse.

But in no rush really, set the TP order up and wait and see.

Try to get onto the longer Trend ofcourse, to improve your odds on the profit side.

 

Or you could go $40 with multiple positions and set SL's to exit as the margin approaches, so you don't get margin called out, till your at your lowest possible margin size and unable to trade at all.

 

Let me make add some improvement, though. TS may try using news straddle which increases his chances to double the profit. Providing that broker is honest and execute trades during news release

 

I like. Straddle with limit orders or market? Limit, right?

 

Straddling before a news event with opposite orders doesn't work due to the sudden widening of the spread. You'd be just giving your money away.

 

Isn't that the idea?

 

Craps table. Bet the Don't Pass. You may even have time to order your free drink brought to you by a scantily clad young lass. No broker can match that. Better yet, bet ten bucks a shot on box cars. One hits you'll triple your hundo.

 

See that's what I'm talking about.