Recent content by mr.meow

Thanks everyone, I hope I don't blow my account either. Upon further thinking, it seems that I have to think of things more in the following order: 1. position size: as a more general and strategic objective - of course the even larger scale strategy would be to look at such things as...

I found some nice articles that recommend a 2% max position size as a position sizing rule of thumb. So I'm thinking wth $6k, $120 will be a position size corresponding ~2%, with 5 mini-lots that's a ~25 pip stop. If I choose a second position, will subtract $120 from $6k, and repeat the...

Couldn't sleep...so I went to trade some more. The plan was to maintain a small position, leverage up when on a trend, and leverage down when it moves against me, placing stop losses to protect me. Account is now up to $5974 for a 19.48% gain on starting capital for my first day. I am...

Agree with you all, though I'm going to keep the cash in the account. Paper trading seems to take about 75% of the game away. Even if I make correct decisions there, no guarantee I will make the correct decision with real money. Anyways, I hope my account survives the first few steps...

Decided to take out $5k since $10k seems a bit much for a noob like me to play around with. Anyways, started the first session and totally disappointed with myself, I'm a clown. Went on total tilt. I had 1, 2, 5, 10, 15, 20, and at a few times 30 (mini-)lots of EUR/USD 10,000 lots. 30...

Hi all, I'm a complete newbie starting out in trading, interested in forex especially. I've deposited $10,000 in an online brokerage account. Planning to start out as small and conservatively as possible when I feel comfortable. I am realistic, I am not expecting to be profitable for at...