aliassmith wrote:aliassmith wrote:dojirock wrote:U/J
11 minutes and done that's just insane.
what does 100 pips represent as a return on
To answer my own question I believe it varies depending on your initial stop size a order size.
If you risk 1% across 10 pips then 100 pips will
I'll probably try it at $1 pip to see if I can do it.
$1 per pip is a great place to start.. I dont figure percent risk. My stops are predetermined and different on every trade. If I have a 17 pip SL then in this case I would be risking $17. I never let it go more than that. 60 percent of my account balance / margin is my stack allowance. So if I had a $1k account, 60 percent would be $600. I divide that by the margin for the pair im trading. U/J is $200 let say for $1 per pip. I could take my initial trade at $1 per pip and stack 2 more times for that trade. After adding my 2 stacks, you keep what it gives. If my latest stack is up 10 points and then the other is 15 points and the original is 28 points its a total of 53 points / $53 vs my original $17 risk.
Another thing im trying for 90 days is pulling 40 percent of winnings out monthly and roll the 60 percent back (opm) into the account to increase stacks on future trades.
hope this makes sense?