aliassmith wrote:Its still possible to make money trading Six 8's..........
Lot size is still the biggest and most important factor.
Your 47 pips.....$800+ My 80 pips.....$7-
I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
Took three 8's on this. Know when to exit. Enter trades with multiple orders, that way when you are not sure about exiting you can cover a piece of the position.
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aliassmith wrote:Its still possible to make money trading Six 8's..........
Lot size is still the biggest and most important factor.
Your 47 pips.....$800+ My 80 pips.....$7-
I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
With LARGE lot size I have the option to exit with a hige win or small loss. With small size I stay where Ive been the last 22yrs for the next 3 yrs. GreenBayPackaging and broke. @ least in 3 I wont be @ gbp.
prochargedmopar wrote: Lot size is still the biggest and most important factor.
Your 47 pips.....$800+ My 80 pips.....$7-
I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
With LARGE lot size I have the option to exit with a hige win or small loss. With small size I stay where Ive been the last 22yrs for the next 3 yrs. GreenBayPackaging and broke. @ least in 3 I wont be @ gbp.
Hey , Pro....since your with Tallinex , have you looked at the indexes ?.S&P is as directional this year s ever . $30 will trade at $1/ point . Not as good leverage as futures , but still OK............ Alias : Great to see commas at the end of a trade ..
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prochargedmopar wrote: Lot size is still the biggest and most important factor.
Your 47 pips.....$800+ My 80 pips.....$7-
I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
With LARGE lot size I have the option to exit with a hige win or small loss. With small size I stay where Ive been the last 22yrs for the next 3 yrs. GreenBayPackaging and broke. @ least in 3 I wont be @ gbp.
aliassmith wrote: I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
With LARGE lot size I have the option to exit with a hige win or small loss. With small size I stay where Ive been the last 22yrs for the next 3 yrs. GreenBayPackaging and broke. @ least in 3 I wont be @ gbp.
Hey , Pro....since your with Tallinex , have you looked at the indexes ?.S&P is as directional this year s ever . $30 will trade at $1/ point . Not as good leverage as futures , but still OK............ Alias : Great to see commas at the end of a trade ..
Thx, forex is more of a hobby right now. I am more focused on stocks. Seems like people are more interested in forex so I post some stuff.
aliassmith wrote: I don't see how lot size can be the biggest factor in trading profitably. I believe knowing when to exit is probably the most important thing followed by money management.
With LARGE lot size I have the option to exit with a hige win or small loss. With small size I stay where Ive been the last 22yrs for the next 3 yrs. GreenBayPackaging and broke. @ least in 3 I wont be @ gbp.
Hey , Pro....since your with Tallinex , have you looked at the indexes ?.S&P is as directional this year s ever . $30 will trade at $1/ point . Not as good leverage as futures , but still OK............ Alias : Great to see commas at the end of a trade ..
I looked @ the SnP 2 days ago. What I saw was a replica chart of AJ.