frustrating time. would like to trade but cable got out of blocks too fast. hopefully can buy on a pullback providing risk reward strategy is honest.
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20% return per month FX trading
- Thread starter fxtrader101
- Start date
Using 10% of capital per trade is one thing, losing 10% on every loser is another. 10 in a row and you are out of the game. Its only a matter of time before you blow out with horrible money management like this.
Quote from traderdragon2:
Using 10% of capital per trade is one thing, losing 10% on every loser is another. 10 in a row and you are out of the game. Its only a matter of time before you blow out with horrible money management like this.
My apologies. 10% on every loser. my objective is too stay in the market. i didnt make that clear. after a loss. i gamble 10% of the remaining money on the next trade.
Currently short on Cable. up quite a bit. really wanted to go long but method said otherwise. one of the few times this has happened.
I hold trades until a target is met or until stop is reached or until my methodology tells me it has reversed which is usually the target. hope this clears it up. Will report results as per usual on each finishing trade and at end of month.
10% is far too much risk per trade.
Get consistently profitable, then size up.
You are rushing into this. Bad idea.
Get consistently profitable, then size up.
You are rushing into this. Bad idea.
welcome your critique but thats why i made this public to see if it can be done. i willl never make 20% per month on 5% position sizing. cant u understand that ?
that would require me to make 4 times as much to make 20% as it does now. I think i will b profitable.
that would require me to make 4 times as much to make 20% as it does now. I think i will b profitable.
hello again!
does your system tend to only give two signals a month?
I also think you are betting too much on each trade, and it saddens me a bit, as I think otherwise you seem to have everything else in place for a good system.
At least promise us that if you do survive 6 months to a year with 20% a month, you then reduce the risk per trade? By then you should be able to trade large sizes and not have to risk so much to make a good living?
Regards
Sobi
does your system tend to only give two signals a month?
I also think you are betting too much on each trade, and it saddens me a bit, as I think otherwise you seem to have everything else in place for a good system.
At least promise us that if you do survive 6 months to a year with 20% a month, you then reduce the risk per trade? By then you should be able to trade large sizes and not have to risk so much to make a good living?
Regards
Sobi
Quote from fxtrader101:
welcome your critique but thats why i made this public to see if it can be done. i willl never make 20% per month on 5% position sizing. cant u understand that ?
that would require me to make 4 times as much to make 20% as it does now. I think i will b profitable.
Yea, I understand completely.
But using Nitrus on a K-Car is nuts. The vehicle just can't take it.
Glad to see the confidence. But why the rush?
Quote from achilles28:
Yea, I understand completely.
But using Nitrus on a K-Car is nuts. The vehicle just can't take it.
Glad to see the confidence. But why the rush?
im starting with a small comprisable amount. i understand 10% is too much position sizing. risky is 5%. I will reduce this once the balance gets over 100K.
Shorted the pound@2.04352
currently up just over 8K but little bit lost in my wave count. will need to reasses tonight