I am hedged through other instruments. I have a long term long position in USD equities that still greatly exceed my current short USD position in my forex trading.
1%\day average trading USD/CAD over the next year.
- Thread starter SimpleTrades
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I am hedged through other instruments. I have a long term long position in USD equities that still greatly exceed my current short USD position in my forex trading.
To be honest, I keep meaning to study options and learn how to work properly with them, but never get around to it. I just moved a bunch of money over to iTrade, a broker subsidiary of Scotiabank, in Canada who has approved options trading in my account. As soon as I get a chance, I'll look at this a little more closely.
Again time is limited today, traded the UK opening ::: Hopefully I'll have more time next week :::
Growth for the day is 2.04%
Total Growth 14.78% ( 3 Trading Days )
Spreadsheet Results : http://bit.ly/2bdawB3
#SimpleTrades I trust you wont get a Margin Call, Happy Trading :::
Growth for the day is 2.04%
Total Growth 14.78% ( 3 Trading Days )
Spreadsheet Results : http://bit.ly/2bdawB3
#SimpleTrades I trust you wont get a Margin Call, Happy Trading :::
Looks like you're making good progress, but I suggest you start using real money ASAP, even a small amount. Despite the many arguments to the contrary, sim trading isn't the same. You aren't really getting a real picture of the validity of your system.
You're 100% correct ::: I understand trading psychology and how it can mess with your thought process ::: I actually have a live account, I trade the Nasdaq e-mini ( via GenericTrade ~ broker ) :::
I'm trying my hand at binaries, the most "difficult" thing about binaries seems to find reliable brokers ::: I don't like Nadex hence I'm "testing" Dukascopy ... they have a 2 pip spread on binaries and once I find my "strategy" to overcome said spread I'll add some money :::
Got couple of minutes to trade so I added to this mornings gains :::
Growth for the day is 4.36%
Total Growth 17.38% ( 3 Trading Days )
Spreadsheet Results : http://bit.ly/2bdawB3
Growth for the day is 4.36%
Total Growth 17.38% ( 3 Trading Days )
Spreadsheet Results : http://bit.ly/2bdawB3
I would discard this idea of 1% in favor of let's see how much I can make each day. Some days will be losers, but when you create a goal like this , it will choke off your big winners.
You have a valid point, but I've found having a "minimum" goal actually bars me from over trading, as you might know over-trading is often the reason why positive days go negative :::
I think you're missing the point of my goal. 1% is intended as an average over 250 trading days. Therefore, if my starting balance is $10,000, where I am accounting for a $2000 loss BEFORE my project began, I am counting on $100/day average, or $25K profit in one year. Obviously, some days will be losers and some days will be winners.
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