MySLAJourney

Hi Ishmael,

I agree with you in keeping the risk low and constant however I don't go with 2% as it might be too low for me to trade practically...

Also I agree with Gurudev in that I can not predict the market much less demand some reward from it... I would rather risk what I can as per my plan and manage the trade to the best of my knowledge. ...

Regards,
K
 
dbphoenix said:
The best risk and money management cannot save you if you consistently trade in the wrong direction.
More...

Namo Gurudev,

So true.... and money management only makes it a slower death... and one day when you are fed up you risk big and....

Regards,
K
 
Namo Gurudev,

I am going through the Taylor thread and was wondering why people do not get him easily...

What little I got from reading so far am I right in thinking that the basic of his trading was AMT .... this might be the reason why buy days are not always buy days....

Regards,
K
 
If you think it may be of value to you, go ahead and test it out and see if it is reliable enough to satisfy your objectives.
 
OmDBnamah said:
Hi Ishmael,

I agree with you in keeping the risk low and constant however I don't go with 2% as it might be too low for me to trade practically...

Also I agree with Gurudev in that I can not predict the market much less demand some reward from it... I would rather risk what I can as per my plan and manage the trade to the best of my knowledge. ...

Regards,
K
More...
But you can control risk and you can manage your trade. If 2 percent is too low of a risk tolerance, then you may want to consider whether putting on trades is a good idea. It is unlikely that an account would be blown out using 2 percent as the rule since that 2 percent becomes a smaller and smaller number if losses continue. Eventually you are at a point where a trade cannot be taken because the risk is too high. --but the account still has a balance.
 
Using a number greater than 2 percent severely hampers the reward achievement possibility since. 3 to 1 is less likely (making 9 percent on each trade if you just increased your risk to 3 percent). It also eats up too much equity when wrong. Good fortune to you
 
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Whether it's 1% or 2% or 3% is irrelevant. Unless the strategy has a reasonably high winrate, this approach will fail, no matter what the books claim in theory.
 
HDIL26052015buy.png
Namo Gurudev,

Finally I learnt a way to post the charts (although I can't find the post where you said it was easy on ET just copy paste - didn't work for me, I had to paste the screenshot on paint and save it on desktop. It would be easy if we can just copy paste the screenshots)

Today's chart shot just after entry.

I have a few questions if you can help me with which I will post with the next chart which shows my exit and my emotions...

Regards,
K
 
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If you're trading the SLA, trendlines -- or any other type of line -- don't provide support. The SLA entry was just above 107 in the first RET after the break of the SL.
 
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