Comparing a 5m to a daily chart it looks like x10 is about
Right for the multiplier. If you are trading many pairs it could
Be fairly profitable although +0 seems unlikely. Would you
Risk a higher % of your account per trade since its a daily?
On never mind I went back to page one and you answered
I'll answer anyway
It is my opinion that it is better to trade more daily charts than it is
to increase your position size on any one chart.
+0 is not readily attainable when you are 'trading for pips'.
I did start off thinking that maybe I should risk more that I would make
more but this only leads to a loss of time as you will see faster gains initially
but tend to swing hard in the opposite direction.
Risk = loss of time, but size = money...so what do you do?
The next thought was to keep risk as near zero as possible and then accumulate
size until I reach +0, but this often resulted in months of work being destroyed.
While there was no 'real loss', as it was OPM, the exposure was so great that it
often resulted in the destruction of 'space' before the goal could be reached.
The major breakthrough is the use of 'waypoints'. By targeting something obtainable
and using that something as a platform we create a parabolic stair-step to +0 without
the long lasting exposure.
It is a numbers game, you keep doing the exact same thing over and over until you reach
a waypoint. Managing risk and accumulation is something that you do, moving is something
that the market does.
Many on this forum have made it to the first waypoint & if they were to simply reset their
size and use the waypoint as their new account balance then it would be inevitable that they
would add a zero; compared to minimum size, the waypoint is astronomical & as such it would
take years of failure to give it back thus making progress an inevitability.
Space Wars is simply geometric money management, it still requires ideas that make money like
"the direction of profit" & "the direction of loss".