Ok, than try not to be so quick to judge me. I have my reasons for doing things the way I do. I've thought a great deal about how the Euro behaves with respect to the USD and CAD, and I have determined that 600 pips is an appropriate stop that allows me to maximize my win ratio. I can grab 50 to 100 pips/per trade in profit many times before I will take one 600 pip loss. That's what the statistics show me.
Do full-time forex traders exist or is it just make believe?
- Thread starter zbojnik
- Start date
Ok, than try not to be so quick to judge me. I have my reasons for doing things the way I do. I've thought a great deal about how the Euro behaves with respect to the USD and CAD, and I have determined that 600 pips is an appropriate stop that allows me to maximize my win ratio. I can grab 50 to 100 pips/per trade in profit many times before I will take one 600 pip loss. That's what the statistics show me.
no kidding, It is like there is a ceiling, and everytime I think we are going to break through it comes crashing downQuote from toolazy:
so i am not the only one down in '13
only scratches for me this year.
it helps if you have hobbies on the side
'
mine is gardening
and betting on baseball
because 2013 has been very depressing
hard to know if it is eur or usd
but I'm pretty sure one of them is the culprit
In the meantime I'm flat again having taken more profits. Horrible plan I have right Old time?
Absolutely. Why is it hard for you to understand that one should only deposit enough to manage one trade at a time? Why expose 100000 to risk when you can expose only 1000. Oh I forgot. You're averaging down... and then getting stopped out.
For now I go long because I think it makes more sense.
For now I go long because I think it makes more sense.
? How much of your day job income are you willing to commit? What is your plan if it goes the other way? When will you take a profit? How will that compare to a 50/50 bond stock portfolio? If it is so good, why not just go 100% all in?
I like you kid, but you have a lot to learn
and when you taunt me like that, I like you even less
Not all the way in? Because I'm not certain. Exit after a gain of 50 to 100 pips. If it rises close to this but falls I exit before a loss. I may reenter where it makes sense.100% in? No thanks. I risk what I can afford to lose. How often in a year do you see a 600 pip loss that isn't followed by a period of recovery?
Whats the difference between me going long all the time and you shorting?
Taunt you? You get what you deserve when youre condescending.
Whats the difference between me going long all the time and you shorting?
Taunt you? You get what you deserve when youre condescending.
Are you asking me?
This account with questrade has earned about 750 since I opened account mid march. Not long enough to provide meaningful average.
With FXCM I was using much higher leverage, so I'm not willing to count it as a relevant test of my current approach. I never had more then about $300 in that account but transferred about 1500 to my credit card in 2013.