free & uncensored discussion arena for TheRumpledOne
Manta wrote:Manta wrote:MightyOne wrote:Did anyone have any questions about the sheet?
Hehe, first of all I wish U and all the folks here Merry Xmas and funny whole new year.
Your sheet pushed me to start read the thread again and I dont understand one thing. Why to add later? Why not use initial limit order like this:
3 p. x 64 lots
6 p. x 32 lots
12 p. x 16 lots
24 p. x 8 lots
48 p. x 4 lots
96 p. x 2 lots
192 p. x 1 lot
7 positions and result is the same I guess...
Sorry if I post the same question somebody asked before. The thread became too large and I finished 2nd bottle of Chardonnay
Or another version...to reduce risk (but profit is almost the same):
3 p. x 32 lots
6 p. x 16 lots
12 p. x 8 lots
24 p. x 4 lots
48 p. x 2 lots
96 p. x 1 lots
192 p. x 1 lot
32 and 64...hmm it reminds me something!
With 1 lot you can only do 1 thing when price moves against you and that is 1/0. Since 1/0 does not restore pips it is a worthless play; you might as well set a small stop loss because that is what you would be doing here anyways.
2 lots restores way too many pips and leaves you with the stop loss play...again worthless.
NEVER start with fewer than 3 lots!
I'd say more but I am really tired from: dinner, cookies, beer, and Backgammon.
- rank: 500+ posts
- Posts: 515
- Joined: Thu Mar 11, 2010 3:32 am
- Reputation: 0
- Real name: James
- rank: 10000+ posts
- Posts: 11947
- Joined: Sun May 14, 2006 9:31 pm
- Reputation: 195
- Location: Oregon
- Real name: Avery T. Horton, Jr.