Unfortunately any gambling in my country is disallow, I can't play with friends
even European Poker Tour is no longer available in Poland. Poland Limits Gambling, Poker to Brick and Mortar Casinos
Next week maximum leverage available Europe's clients residing in Poland will be not higher than 1:100.
Time to drain bank and move to other country.......
You only need as much leverage as the % that you are targeting to bring
the target to within reach of a daily candle:
39%, 39:1 1000%
is the goal 39%, 39%, 39%, 39%, 39%, 39%, 39%
are mini goals that
, through the power of compounding, add up to 1000%
As the %'s come rolling in the size required to reach a mini goal starts
moving in the opposite direction and your size starts to shrink.
A 'cycle' is the tripling of your lot size & every 'trade' is made with the
sole purpose of completing a cycle:
If you have 2 units then your goal is to reach 6 units. If you suffer a loss
of space then you might reduce to 1 unit then increase to 2, 4, and then 6.
Once you reach 6 units then your target is 18 units. You can re-enter with
4 and then increase to 6, 12, & finally 18.
Lets say that you have $10,000 and your goal is to get to $39/pip so that you can
reach $3,900 in 100 pips, this is how you do it:
Start with $0.10 (or $0.20) pips and focus on completing cycles:
$24.30 <--- but you will probably stop here due to prev. gains reducing the size needed to achieve the goal.
$39.00 <--- 6
$39.00 <--- 5
--- Notice that the amount of cycles is nearly the same even though you have doubled your initial risk.
"More risk is more risk, more profit is more profit"
Because we normalize our risk, total risk is never greater than initial risk:
If we start with $0.10 pips and 35 space then our total risk is $3.50 / $10,000 or 0.035% or 28 losses = 1%.
After we reach our first mini goal of 39% then it would take (28 * 39) losses to give it back.
This is how a $1000 account grows when using mini targets:
But this is what the trader initially sees:
Maybe they even blow up their space and go back to
or, heaven forbid,
$998 or even $992!
If that happens then they will surely throw up their hands and call space 'hard'...
then risk $20 on their next trade(!) and say that they are ok with a few (-$40, -$60, -$80!) losses
before a "win".