lukx zline trading log + cfabian p.35 + adaseb p.48

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es/pip
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Postby es/pip » Tue May 11, 2010 1:39 pm

dragon33 wrote:
dragon33 wrote:I was out to soon on the ej but need to go to physio and holding when i'm not around is not my thing yet.

Mo this trade is above 10% i'm way up lol but i think you knew that

Image


Managed to trade +200 today, got the BO on gu en ej upwards. Definitely more then 10% daily.



lol

nice

i didnt get that many

i got some though 8)
Bend over and assume the position for another 4 years of hope and change.

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Braathen
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Postby Braathen » Tue May 11, 2010 1:53 pm

Hand up! 10% a day would require me to trade the right size lots lol.
](*,)
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Postby adaseb » Tue May 11, 2010 2:04 pm

I think i made 10% of my entire account balance twice sometime in the last 6 months.

It was one of those 250+ pip days.

And i never lost more than 6% ever in a single trading day across multiple pairs.

You just gotta let your trades run. You won't get poor taking profits but you also won't get rich.

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dragon33
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Postby dragon33 » Tue May 11, 2010 2:16 pm

cwn6161 wrote:I make over 10% a week, and I spend maybe 30 min/day looking at charts. I use a version of MO's range indi from his micro thread, and use it on 10 pairs with the daily candles. 1% - 2% risk per trade, I set it for target 1 at the start of the day and forget it.

Certainly not the most efficient way to get pips, but it works for the time constraints I currently have.

My goal is to take a demo account and add a zero to it. 6 months time would be great, but I'm patient. If I can do that, then I'll start using real money.

lukx - congrats on getting married! I'll be doing that myself at the end of May :smt003


Congrats to both of you but be aware it is never to late to change your mind :lol: :twisted: :evil:
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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lukx
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Postby lukx » Tue May 11, 2010 2:19 pm

I guess only Dragon was able to make 1000% or more in a month time :)

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Postby adaseb » Tue May 11, 2010 2:30 pm

lukx wrote:I guess only Dragon was able to make 1000% or more in a month time :)


Yes but you don't have to make 1000% a month to be rich.

If you make 1% a day everyday for a year your $10K balance would be $120K, after another year, around $1.4 million.

You can even be more realistic and just make 0.5% a day everyday, it would still equate to $120K after 2 years. And once your balance is that large even making 10% a month is considered a large gain compared to most average people's salaries.

Like MO said before you don't need a million billion pips a month, you need like 250 which is about 13 pips a day to multiple your account ten-fold.

But you need to be consistent. You can't make $50 today, lose $50 tomorrow, gain $35 the day after, and lose $50 the day other that.

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Postby dragon33 » Tue May 11, 2010 2:34 pm

lukx wrote:I guess only Dragon was able to make 1000% or more in a month time :)


That's just a guess i do not trade every day. I am above 400% since the beginning of april. Remember i play the same amount every month the rest is for my bankaccount.

I also play high risk that's for sure! When you know how to do it you have to take advantage of the leverage they give you.
Trading is like cycling, first you need to learn how.

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Postby Braathen » Tue May 11, 2010 5:16 pm

Finally got my move today.. hope this wasnt any of your profit baco :) :)

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Postby dchappy » Tue May 11, 2010 5:18 pm

lukx wrote:I don't think I will make it till wedding :)

Image



Luke : Took some time to analyze your trades yeterday .( hope you don't mind ) Not to critique your method ..just was curious about the management .

#1 . Buy with 20 pip stop -20

#2 . Buy with 20 pip stop -20

#3 . Immediate stop & reverse ..some traders do it , but I would want a GOOD reason to change direction , not just because the last trade came back in my face .

This one went 30+ pips in favor before reversing ,I try to move to break-even as soon as possible , then maybe take some off .
Sell with 20 pip stop -20

#4 Immediate stop & reverse ( again see above )

Now here it gets interesting .draw down was about 7 pips and then took off for 145 pips !!. Maybe you were away or distracted ,but it was in profit for 11 hrs.( Take your profit or es/pip will take it from you ) A trailing stop is a beautiful thing .

Buy with 20 pip stop -20

#5 This was probably an overnight trade for you ..never made more than a few pips ..BUT the stop was 70 pips . Risking that much of your account is gambling ..don't you agree ?

Buy with 70 pip stop - 70

My whole point is that you must work on managing the trade ..
Yesterday COULD have been -20 , +10 , +30 , +145,+10 ..see what I mean ?

Not trying to beat you up man ..I want you to be able to give your young bride everything she desires .

Trade Well
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es/pip
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Postby es/pip » Tue May 11, 2010 5:32 pm

Braathen wrote:Finally got my move today.. hope this wasnt any of your profit baco :) :)

Image



Man

you got that thing on a leash over there or what?

You just pull it around to where you want it to go ?


8)
Bend over and assume the position for another 4 years of hope and change.

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