ProchargedMopar's Trading Trilogy
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aliassmith
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Last edited by aliassmith on Sat Nov 15, 2014 7:49 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!
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TygerKrane
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xtremeforex wrote:tsk tsk. Manual trading.
The risk sizes mentioned throughout this thread are ridiculously high.
0.5 lots on a $500 account? UHH?? Or 0.1 on $500? Get your greed and impatience under control!! Horrible risk management.
I risk around 0.01 lots on a $100,000 account and I've taken a $10,000 (at 0.001 lots) to $100,000 in under 15 months - live trading.
Now think about that.
As in 10% in 15 months?
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
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aliassmith
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Last edited by aliassmith on Sat Nov 15, 2014 7:49 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!
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TygerKrane
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trueblueTEX
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aliassmith
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Last edited by aliassmith on Sat Nov 15, 2014 7:50 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!
What extremeforex is probably doing:
If you are trading $1000, 4 micro is your min and 50 micro might be your max for a spread of 12.5 min units.
If you are trading $10000 & 4 micro is your min, 500 micro might be your max for a spread of 125 min units.
Basically what you are doing is saying $1000 is what I have to risk and $9000 is used for leverage...
Your potential energy/profit is your position size:
Your long term potential does not change by much, but your short term potential is greatly reduced; most people cannot profit short term so it is likely not problematic
I'd say that an account <= to ## (4 micro, 3-4k account) is more than enough.
If you are trading $1000, 4 micro is your min and 50 micro might be your max for a spread of 12.5 min units.
If you are trading $10000 & 4 micro is your min, 500 micro might be your max for a spread of 125 min units.
Basically what you are doing is saying $1000 is what I have to risk and $9000 is used for leverage...
Your potential energy/profit is your position size:
Your long term potential does not change by much, but your short term potential is greatly reduced; most people cannot profit short term so it is likely not problematic
I'd say that an account <= to ## (4 micro, 3-4k account) is more than enough.
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xtremeforex
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aliassmith
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Last edited by aliassmith on Sat Nov 15, 2014 7:51 pm, edited 1 time in total.
Trade Your Way as Long as It Makes Money!
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xtremeforex
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AliasSmith,
You derived all that from "tsk tsk Manual Trading" ?
I'm only teasing relax. I don't think its' stupid, virtually all strategies start their life manually. Ultimately, all strategies should be finalized by automation for plenty of good reasons. People hell bent on manual trading may never realize this, particularly if they don't understand the concept of 'regime change.'
That's where 'tsk tsk' comes in.
As for money-management. Yeah most of you don't have any clue if you're trading 0.5 lots on a $500 account.
You derived all that from "tsk tsk Manual Trading" ?
I'm only teasing relax. I don't think its' stupid, virtually all strategies start their life manually. Ultimately, all strategies should be finalized by automation for plenty of good reasons. People hell bent on manual trading may never realize this, particularly if they don't understand the concept of 'regime change.'
That's where 'tsk tsk' comes in.
As for money-management. Yeah most of you don't have any clue if you're trading 0.5 lots on a $500 account.
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