that's actually 27 out of 27 if you include the NG and Eur trades :eek: Eyez how many ticks is your typical loss ?
4-8 ticks beginning of the day, when I'm up a little bit of money I'll loosen to 10-20 ticks depending on confidence. Typically will move to BE or -1,-2 ticks if I get a move in my favor and keep it static.
I'm calling it a day. There were a lot of BS moves this week. It's been a slow week and there is a holiday weekend coming up, so I'm not trading tomorrow. I'll just save my money and sanity for Tuesday. +8
Yeah I made this boatload of money on a sim account last year. Was +100% after around 6months. After 6 months I started with this tiny $200.00 account in October last year and immediately lost ~25% of the value in two months. The majority of that loss was due to revenge trading (yes, it happens even with $200! i swear!), switching strategies thinking I could "beat" my strat and not following my own instructions. In addition, I made about a billion execution mistakes and my limit orders kept getting triggered by the spread too early. What do you think of my plan? (3 months) Account Balance hits: $300.00 Will add additional: $700.00 Using $1000.00 account: (6 months) If trading balance hits $3000.00 Then will add $2000 Using $5000.00 account: (9 months) If trading balance hits $8000.00 Then will add $2000 my final 10k account will be my last and final funded account. Any additional funds will need to be traded up. I'm thinking I do this by about July 2014. I do agree with you, I think I've conquered the emotions at the $200.00 level so far, which means I should up the stakes and play $1000.00 account and see how I go. By the time I fully fund a $10k account I will have ~2 years trading experience under my belt and I would have ironed out my emotional and trading strategy bumps. I don't want to burn money, the markets are always going to be there and I'm still pretty young and well capitalized. I trade 8hr forex across 4 pairs (just the majors at the moment). My system is backtested over 10 years for 4 currency pairs. I manually tested, I sat in front of the computer and manually traded 10 years worth of sim data. Took me months :'(. Long term I can expect %win: 55% PF: 1.7 I'm using a very aggressive money management system. What do you guys think? Its a flat position size, scaled for 5% risk for the loss of 100 pips. I.e with a $200.00 account, then the position size will be adjusted to $10.00 per 100 pips i.e 1000 units of EUR/USD. I then maintain this position size until my account gets to $250.00 and then reassess. You guys actually make profits. Would love to hear your opinion on my trading. Also attached this week's trades as of Friday. Don't anticipate there being any more breakouts. +7.9%
Boy am I having a bad run. My trades aren't working and then I have just been forcing more trades to try to make my money back. I'm making it worse than it has to be. -31
-170 missed moves in crude, got chopped in euro, impossible to hold onto a winner with tight stops today. very frustrating