Kreslik.com - traders community since 2006

I'm trying to improve my discipline. This should help me stop trading once I hit the 4% quota. It isn't only about making capital, it is also important to protect capital!

How hard is it to make 4% on one pair in a month? It can easily be done with three, two or even one trade... per month!

It's all in your mind!

Be diciplined. Trade the with the sheet. Make nearly 50% in 3 months of easy trading!

Combine this money management sheet with TRO BUY ZONE Blinders and you will be un stoppable!

Being disciplined is taking EVERY entry/exit/stop your system signals.

You could hit 4% for the month on the first day. What would be the reason for waiting until next month? How many signals do you pass up waiting for the first trading day next month?

Now, if you are trading 10,000 lots and make $160,000 the first day, then I agree, it's time to book a flight to some tropical location and vacation until next month...LOL!!

OK, if you are trading your Buy Zone, then 120% per month per pair. It's the same thing as your 4% per day money management sheet. I will personally use the sheet for the trading I do on daily charts. I wait WEEKS for a setup. That is the type of trading for this sheet.

4x=0 wrote:OK, if you are trading your Buy Zone, then 120% per month per pair. It's the same thing as your 4% per day money management sheet. I will personally use the sheet for the trading I do on daily charts. I wait WEEKS for a setup. That is the type of trading for this sheet.

If that what it takes, then by all means wait for your setup.

If you are successful, you'll become one of the best traders in the world.

We'll just have to wait and find out. Maybe I should keep my mouth shut for a couple years and see how things have become by then. As it is, I feel successful that my account has not been hacked away from all of my "learning experiences". Every single one of us on the forum wants to be successful, many members already do well at trading. I feel lucky to have found something I enjoy doing, something I believe I can do well, something that makes money! I've come quite far since the start of my trading, so I can only imagine that I will develop more over the years to come. I am new to trading. I have not been trading for very long at all. When you tell me I could be one of the best in on the planet, I think you are making fun of me!

Thanks, though.

4x=0

Nope, not making fun. I met you, remember?

I can "sense" it!!

So when you are being interviewed, please remember to speak kindly of me.

4x=0

I wish I knew what you know at your age.
You will be a success.

rr

Maybe it's not so much what I know, but how much time I have to compound.

Using the 4% per pair/month sheet we focus on attaining the 16% per month and after 5 years, turn $1,000 into 7.3 million. It's not magic, it's compounding! It is making 4% on each major currency pair, one time per month, for 5 years. How much will you be risking on a trade in year 4? Well if you use risk management, which I do use with forex it would be 3% of the 48 mo. future value of $1000 with interest of 16% per month, so $37,248 per trade, one time per month per major. I would crunch the number for a 25 year period but I don't understand scientific notation.

October I swung my account up 13% or so, and then back down to 5% so I still have things to work on and until I become much more consistent, I need to keep an eye on reality. Thanks for all that encouragement! Let us now say a prayer for our good health and for the 4% money management sheet.

4x=0 :
"How hard is it to make 4% on one pair in a month? It can easily be done with three, two or even one trade... per month!"

you will be one of the successfuly trader in the world if you made "just" 4% each month(I dont talk about each pair) next 10 years!