that is correct!!! i am following you with one of my demos, and i like your trading, meaning losses do occur but if you minimize them like 2 or 3 pips, notbody do take notice the 4 bucks loss when you think about it. actually it is all about discipline!
Trading has been relatively good. 1. This is my live trading account linked to Forex Factory trade explorer. Live Trading results. 2. I decided to be a signal provided at Zulutrade to generate extra income. Zulutrade Trading Results If you have the chance, please visit my Zulutrade accounts and if you like what you see, please follow me in a DEMO for at least 4 to 8 weeks, to see if you like my trading style. Highlights of my trading style: - Swing trader. Some positions are open for 2 to 4 weeks until TP is reached - Maximum TP is 800 pips - SL are between 60 to 150 pips, which depends on support / resistance levels - No overtrading. Average trades per month is between 10 - 15 - Maximum open positions is 6 ( 3 shorts and 3 longs). Hedge positions is only for winning trades. No hedging for losing trades
Just that really bad trade of -85 pips. What if your stop was a reasonable 30 pips ? How would you have done ?
you do know that the size of a stop in terms of pips is irrelevant in forex because you can simply adjust your position size to a risk amount that you are comfortable with
As a swing trader, a 30 pip stop loss is surely will stopped me out easily. -85 pip for me is not a bad trade. I have trades before that stopped me out above 120 pips. As my trades are infrequency (10-15 trades per month), I can afford stop losses above 100 pips, all I need to do is adjust my position size accordingly that i'll only risk the percentage of my equity i'm willing to loss. My system is not for everyone, that is why I stated above that if they like what they see, they have to demo for 4 to 8 weeks, so they can feel they way I trade. As you can see in the history of my zulutrade, will you be able to handle emotionally seeing an unrealized gain of 250 pip turn into a 140 pip gain only? http://zulutrade.com/TradeHistoryIndividual.aspx?pid=119612
On my zulu account I have put in stops on all my SPs of about 30 pips. I see it wasn't -85 pips but -111 !! I will see this week if that makes a difference.
It was -85, as the -111 is the cumulative. but like I said my losses in terms of pips per trade are between 60 to 150 pips and on average it is above 100 pips per trade. What matters to me is my performance at the end of the year taking into consideration pips gained and how much draw down was during the year. http://zulutrade.com/TradeHistoryIndividual.aspx?pid=119612
thats strange!!! you hada stop loss of 30 pips and got -111? can you post a print screen of how this happened exactly?
Hi Millie, Mine is only a demo account and it is because I am risk averse I have put in stops of 30 after this event though, not before. But didn't get caught as I only joined last week.
demo is not the same as a live account and there is much to learn still one week is never enough...i remember myself back 14m ago with my first demo...was a total disaster, but then was like others are winning, so if they can, i can either, just get to know the system. and i did!! so far, ive gained in total 15K with 3K investment ive lost some, ive gained more, this is how the game goes.