ForexWarrior2020
Recruit
- Messages
- 296
I use 1% risk I can't bring myself to use anymore to be honest. With good RR it is easy not to use more
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.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!
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.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.
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.. 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?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!
This was important to be mentioned.Of course this will not be suitable for most Traders & Newbies and I most certainly am not recommending this strategy to anybody else.
Hahaha I was thinking the same, where is the astrology post!!!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.. 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?
Wow, the complete opposite end of the spectrum, fascinating to read and consider thank you for sharing.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!
If you find it, please share it with me.. I really want to have a look..Hahaha I was thinking the same, where is the astrology post!!!
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.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.. 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?
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.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?