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elkin.fernandez
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MO,

12,5% or 2,5%?

I was using the last one. Risking in the first trade 0,3125% in order to get 25%.

prochargedmopar
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### Re:

MightyOne wrote:Just because you have \$5000 in your account does not mean that \$5000 is going to [intentionally] be put at risk.

640 of 5120 is 12.5% so that is all that you are risking.

Per Line Risk: \$10
Per Box Risk: \$80
8 Boxes to Risk: \$640
64 Boxes in Account: \$5120

Don't worry about R/R ratios, worry about the lines that remain in the box.

The numbers work when you stack: if you double your line value to \$20 then 1:1 is the same money as 2:1 and if you double your line value again then you are making 4:1 ... if you fail then you are going to lose \$80 (the risk that you are taking is fixed) so if you double your line value then you must be doubling your reward: I am trying to explain how the numbers work out in the end where the result is a specific amount of money gained on an initial risk.

A loss is -1 risk box and a gain is some multiple of that; how many trades it takes is irrelevant.

\$1
\$8
\$64
\$512 total boxes in account.
Hmmmmmm
1:1 eh?

That gets my attention.
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prochargedmopar
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#1BODY in direction of profit #2INCREASE lot size Obsessively
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prochargedmopar
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aliassmith
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Are you consistent trading like that? I would take 50 pips in a day. With a \$2k account I would trade about \$1/pip. I think you said something about making \$150 a day so you would need \$6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

MightyOne
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That is a nice example of why it is necessary to use trend lines with the AO cross and why I like to see the slow MA on the chart.

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MightyOne
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aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a \$2k account I would trade about \$1/pip. I think you said something about making \$150 a day so you would need \$6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a \$16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around \$6,486.486.

If you do make 50 pips then you are up \$375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

aliassmith
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MightyOne wrote:
aliassmith wrote:
Are you consistent trading like that? I would take 50 pips in a day. With a \$2k account I would trade about \$1/pip. I think you said something about making \$150 a day so you would need \$6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

A more realistic expectation, for someone with a day job, is probably closer to +.925%/day...
so a \$16,216.216 account sounds about right...
but if you stack then, yeah, you probably only need around \$6,486.486.

If you do make 50 pips then you are up \$375 and can relax a little going into the next trading day.

You will put more effort into picking up hundred dollar bills than you will pennies; that is the problem with small accounts, you are more likely to leave pennies alone or throw fistfuls into a wishing well.

Definitely more capital is better. I was just working off his 50 pips a day.

prochargedmopar
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prochargedmopar wrote:07D1E0A0-03C8-461A-B61C-26F57EB04D72.jpeg

And here in lies the reason dchappy uses a hedge trade.

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prochargedmopar
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aliassmith wrote:

E37E86EC-552B-44CD-99CA-EF3A44032590.jpeg
ECEB39A7-9CE4-495A-822A-71CD0C449EA2.jpeg

Are you consistent trading like that? I would take 50 pips in a day. With a \$2k account I would trade about \$1/pip. I think you said something about making \$150 a day so you would need \$6000 @ 1:5 leverage. I usually don't go above 1:10 leverage.

I have no idea.
My account says the last 6-8? trades have been profitable.
I don’t know what to do to make a few coins.
Not sure where 50 pips a day comes from, doesn’t seem possible.
The markets don’t seem to be moving much these days or maybe I’m looking a too large of charts. LOL

\$150 a day would easily allow me to never work again.
My lifestyle would change very little but my time to live would increase drastically. At least for how ever many days I have left on this planet.

This current job sucks.
But I suppose it doesn’t suck enough or I would be doing something different.

When I retire in a year and a half It would be cool to start building Mopar turbo manifolds/kits.

That would be an awesome retirement as I’d have to test my products at the track. Bahahahahah
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!