Till now the numbers are: Dec 15.05% Jan 179.74% Feb till now 2.37% (the only difference is that in Feb I brought the risk lower by 2/5) This is why I keep to this strategy..... cause what matters is the numbers at the end of the year
Do not forget to size your trades as "units", meaning each trade will have the same loss in the end....of course the same profit too...
Are you making discretionary trades as far as entry? Cause I'm seeing similar trades without any particular methodology. Anyway I'm also interested in your decision making on how you pull the plug on a(failed) trade and beat your stop. I think your system works because it's hard for most to hold on to a winner till target--I can see it in posts here and elsewhere. The natural inclination is to ring it up right away. Also if you could do a short recap of trades still open and those recently closed it would be nice. FYI ,I am not trading at present as I'm involved in other stuff, like restoring a big truck. Still following the markets as I don't want to lose my feel.
Hi Cswim63, no my trades are totally mechanical 100%, there is a method to everything I do. Yes that is a weakness with most traders.... they feel they will lose the profit they have in hand, sometimes they will but what matters is the long run, most will get to there destination. Sometimes I will close a trade if it is 90% to profit if I see weakness... like at the moment USDCAD..... I am on it... The losers I cut short I use a proprietary setup I created long time ago and it help a lot.