Risk %

Amina El Mehdi

Private, 1st Class
Messages
46
Okay....just for you!
I supposed you should either remembered or have seen my post somewhere in the kingdom of the FPA where I posted that I only use SL at the end of my name.

My RATIONAL (with big lettering yah) is based on the logic of unnecessarily lost of money when I can recoup the temporary lose or losses by injecting more money (if required) into the trading account because we know (or should know) that what go up will eventually come down, and what go down will also eventually go back up.
Unless of course I pick a real bummer pair which go up or down and stayed at that level. But of course, we (or at least myself) has never seen that happened except on the USD/CHF pair which I don't trade at all. And I limit my trade (at least, I think, for the last 3 or so years) to only one, or at most, two curcurrency pair at any one time which makes gives me much better control of my trading account.
So, why the need to lose money if money can buy more money?

Of course conservative and strict follow-the-rules Traders are probably rushing for the oxygen tank or have fainted reading my trading system, BUT, and like I have said, we all need to try different trading system and settle on the one that makes the most sense to us, am comfortable with, and can trade that system without even thinking too much about it and sweating over whether our analysis is correct because we should have full confidence in ourselves and not make trade based on some "Experts" who, for all we know, probably used tea-leaves and bone reading technique to predict market movements.

I still cannot get over that guy who, some time back, came here to the FPA trying to promote market movements based on astrology and the movements and alignment of planets. That really takes the cake!
Every trader have his own rules and if this works for you then why not to do it. There`s no place for anathema for this your thinking. May be just must be mentioned that this is not so good strategy for newbies. ;)
 

RahmanSL

Major
Messages
2,763
Every trader have his own rules and if this works for you then why not to do it. There`s no place for anathema for this your thinking. May be just must be mentioned that this is not so good strategy for newbies. ;)
Nope, my strategy is one that I have chosen along my >10 years forex journey which I am familiar & feel comfortable with and one that works for me.
Of course this will not be suitable for most Traders & Newbies and I most certainly am not recommending this strategy to anybody else.
 

ele020

Sergeant
Messages
126
Okay....just for you!
I supposed you should either remembered or have seen my post somewhere in the kingdom of the FPA where I posted that I only use SL at the end of my name.

My RATIONAL (with big lettering yah) is based on the logic of unnecessarily lost of money when I can recoup the temporary lose or losses by injecting more money (if required) into the trading account because we know (or should know) that what go up will eventually come down, and what go down will also eventually go back up.
Unless of course I pick a real bummer pair which go up or down and stayed at that level. But of course, we (or at least myself) has never seen that happened except on the USD/CHF pair which I don't trade at all. And I limit my trade (at least, I think, for the last 3 or so years) to only one, or at most, two curcurrency pair at any one time which makes gives me much better control of my trading account.
So, why the need to lose money if money can buy more money?

Of course conservative and strict follow-the-rules Traders are probably rushing for the oxygen tank or have fainted reading my trading system, BUT, and like I have said, we all need to try different trading system and settle on the one that makes the most sense to us, am comfortable with, and can trade that system without even thinking too much about it and sweating over whether our analysis is correct because we should have full confidence in ourselves and not make trade based on some "Experts" who, for all we know, probably used tea-leaves and bone reading technique to predict market movements.

I still cannot get over that guy who, some time back, came here to the FPA trying to promote market movements based on astrology and the movements and alignment of planets. That really takes the cake!
ohhh my goodness.... I cant understand whether I should laugh out loud on this post of yours or really find the threads where a person literally speaks of Astrology and the movements of planets.. :D:eek: Thats really funny. And talking about your trading system, I get your logic here but it wont work with traders having limited capital. I am glad that it works for you... And thank you for sharing it with me. may be I will give a try to something like this in my demo to see how it works... I just want to understand one thing, so if your position is in loss you keep it open until its back in profits? How do you manage to keep your losing position open for a long time?
 

Mums Trading Forex

Private, 1st Class
Messages
42
ohhh my goodness.... I cant understand whether I should laugh out loud on this post of yours or really find the threads where a person literally speaks of Astrology and the movements of planets.. :D:eek: Thats really funny. And talking about your trading system, I get your logic here but it wont work with traders having limited capital. I am glad that it works for you... And thank you for sharing it with me. may be I will give a try to something like this in my demo to see how it works... I just want to understand one thing, so if your position is in loss you keep it open until its back in profits? How do you manage to keep your losing position open for a long time?
Hahaha I was thinking the same, where is the astrology post!!!
 

Mums Trading Forex

Private, 1st Class
Messages
42
Okay....just for you!
I supposed you should either remembered or have seen my post somewhere in the kingdom of the FPA where I posted that I only use SL at the end of my name.

My RATIONAL (with big lettering yah) is based on the logic of unnecessarily lost of money when I can recoup the temporary lose or losses by injecting more money (if required) into the trading account because we know (or should know) that what go up will eventually come down, and what go down will also eventually go back up.
Unless of course I pick a real bummer pair which go up or down and stayed at that level. But of course, we (or at least myself) has never seen that happened except on the USD/CHF pair which I don't trade at all. And I limit my trade (at least, I think, for the last 3 or so years) to only one, or at most, two curcurrency pair at any one time which makes gives me much better control of my trading account.
So, why the need to lose money if money can buy more money?

Of course conservative and strict follow-the-rules Traders are probably rushing for the oxygen tank or have fainted reading my trading system, BUT, and like I have said, we all need to try different trading system and settle on the one that makes the most sense to us, am comfortable with, and can trade that system without even thinking too much about it and sweating over whether our analysis is correct because we should have full confidence in ourselves and not make trade based on some "Experts" who, for all we know, probably used tea-leaves and bone reading technique to predict market movements.

I still cannot get over that guy who, some time back, came here to the FPA trying to promote market movements based on astrology and the movements and alignment of planets. That really takes the cake!
Wow, the complete opposite end of the spectrum, fascinating to read and consider thank you for sharing.

I imagine it could tie up a lof money waiting for trades to swing back round?
 

RahmanSL

Major
Messages
2,763
ohhh my goodness.... I cant understand whether I should laugh out loud on this post of yours or really find the threads where a person literally speaks of Astrology and the movements of planets.. :D:eek: Thats really funny. And talking about your trading system, I get your logic here but it wont work with traders having limited capital. I am glad that it works for you... And thank you for sharing it with me. may be I will give a try to something like this in my demo to see how it works... I just want to understand one thing, so if your position is in loss you keep it open until its back in profits? How do you manage to keep your losing position open for a long time?
Whenever I have insufficient time (due to project work load, etc) to trade much, if necessary, I deposit more money to increase & maintain high free margin to sustain extended periods of time without trading. I trade one currency pair at a time and always in the direction where I get positive swap ...e.g. short EUR/USD.
Demo account will not work because you cannot top-up the account as you wish.

That Astrology Trading "system" can be found in the FPA by clicking on "Search" and type "Astrology Trading" and you will see something like below screenshot. I forgot I had engaged with that person in his/her post.
 

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RahmanSL

Major
Messages
2,763
Wow, the complete opposite end of the spectrum, fascinating to read and consider thank you for sharing.

I imagine it could tie up a lof money waiting for trades to swing back round?
This is for long term investment and must be treated as such and same as you would top up your bank fixed deposit. Needless to say, you must have a high level of confidence in your broker.
I have another investment system which I have previously tried out but abandoned due to being too impatient and messing around with it and killing it.
It's based on receiving high positive swaps and I have two Demo accounts running since 23-Feb'21 to give that system another try. If it reaffirm my conviction that system does indeed work as I had believed it would, at the end of the trial period in around 2-3 months from now, I will probably give that system one more go. The investment money is a little bit on the high side and I do not want a repeat of my first trial.
 
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