A fresh start! Doji's Trading Journal

[dojirock]

2015-01-14_2127.png (92.25 KiB) Viewed 3425 times

Done for night on U/J +256 + trail out last position.

doji

[dojirock]

U/J

2015-01-14_1912.png

11 minutes and done that's just insane.
what does 100 pips represent as a return on
your account?

About 8 percent on my account.

I have a friend that is a skeptic, so I opened a seperate account and take these trades also. Started with $100 bucks. 16 days later up 94 %
Within a month I should be able to make a believer of him.

(fixed the typo)

doji

[aliassmith]

U/J

2015-01-14_1912.png

11 minutes and done that's just insane.
what does 100 pips represent as a return on
your account?

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
be 10%.
I'll probably try it at $1 pip to see if I can do it.

[aliassmith]

U/J

2015-01-14_1912.png

11 minutes and done that's just insane.
what does 100 pips represent as a return on
your account?

About 8 percent on my account.

I have a friend that is a skeptic, so I opened a seperate account and take these trades also. Started with $100 bucks. 6 days later up 94 %
Within a month I should be able to make a believer of him.

doji

Um 94% in 6 days Im buying my own island

[dojirock]

U/J

2015-01-14_1912.png

11 minutes and done that's just insane.
what does 100 pips represent as a return on
your account?

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
be 10%.
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?

doji

[alexi13]

Wow, your stacking rocks!
I have a problem with adding to a position even once or twice.
I hope that I could break my inner resistance looking at your charts, so please show some more.

[dojirock]

Nice way to wake up....Thanks London!

2015-01-15_0656.png (69.25 KiB) Viewed 3600 times

[aliassmith]

11 minutes and done that's just insane.
what does 100 pips represent as a return on
your account?

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
be 10%.
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?

doji

Ya it makes sense. I like how adding in this manner
doesn't pull your stop closer to price to much after
the first couple adds.

Seems like its a perfect fit for you. I wouldn't change
a thing.

[aliassmith]

Wow, your stacking rocks!
I have a problem with adding to a position even once or twice.
I hope that I could break my inner resistance looking at your charts, so please show some more.

You will have to practice with a lot size that doesn't
matter to you. Once you make it work at that level
scale up gradually.

[Captain Pugwash]

Some really impressive trading there Doji - you've certainly put enough work in!!

Now for the reward

Well deserved mate