You are correct; only time will tell.
*** My Trading Plan ***
- Thread starter I Trade 4 Money
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You are correct; only time will tell.
Exactly how much testing have you done?
Was this testing using historical data, simulated trading or live trading?
to the OP.
wtf is this? is this some kind of high school game? I do not understand your plan at all. For instance why do you push yourself into a trade with minimum size?
the only thing I got is that you want to be rich - well nothing wrong about that. Just make sure you practice on level 1 as long as possible...
wtf is this? is this some kind of high school game? I do not understand your plan at all. For instance why do you push yourself into a trade with minimum size?
the only thing I got is that you want to be rich - well nothing wrong about that. Just make sure you practice on level 1 as long as possible...
Excellent start!
You might want to include an exit plan. By exit plan I mean a part of your plan where if you reach a certain account balance, you leave the market and pursue other goals. Both a positive balance and a negative balance compared to your starting balance.
Otherwise you might end up being a ET moderator.
Not much. It's a strategy that can readily be seen in posts throughout this forum. Some people were successful with it while others were not. We'll have to see in the coming days if they pan out correctly. If the strategy happens not be successful, I would have to re-evaluate my stategy and fix what I'm doing wrong.
The minimize size is put into place to move forward. Like I said, this money management/position sizing plan is not for the faint of heart.
I'm going to trade with multiple timeframes. One with a 6 month picture, another with a ten day picture, and finally the current day.
Then basically the statement:
"My strategies are well developed, tested"
was BS.
You dont stand a chance, suggestion: spend atleast 1 day using a simulated trading account before attempting to use real money.
That part should have been deleted. I'm going to go ahead as planned and I'm not going to delay my efforts by trading a simulated account. If I fail, I fail. It is what it is. I have enough funds to keep my self alive in this game for the coming months.
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