You still think in terms of entries when you should be pondering stops.
So I must stay fully loaded @ all times until I get a spike in my favor?
THEN reduce space until I get what?
An entry is simply the entanglement of size and space.
I talk about entering 'within' space, but there is no such thing as to enter within space is to
use a smaller space.
Anything that is done to size will alter space & anything that is done to space
will alter size, assuming that it is ones intent to normalize risk.
There no such thing as 'adding' as each addition creates a new position.
Lets work through the problem again...
We hit our target of +39% with 25:1 or more leverage, but how did we get here without blowing up?
1. preserve capital by risking ~0.002 to 0.025% per pip (initial risk = max risk)
2. accumulate size in cycles.
3. re-position at an extreme & create only enough space to encapsulate the current price.
or to dampen account volatility when things get crazy.
4. focus on steadily increasing lot size over all else
5. are simply in the market with size when the large chart decides to move.
-2% turns into -10%
-1% turns into -5%
-.5% turns into -2.5%
More risk just leads to more risk, but every risk amount leads to zeros.[/quote]
This all makes perfect sense.
But we are not trading for cents,
we are trading for max lots. LOL.
So we must do both.Move sl and accumulate space.