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scalping 4 % daily
- Thread starter oilfxpro
- Start date
GordonTheGekko
Guest
I do 150 trades per day sometimes, occasionally I top over 300... just curious what sort of system it is? (Not asking for specifics if you're uncomfortable in sharing, just if it's code based/intuition/indicators/guessing)
Quote from oilfxpro:
Tight stops (mental and fixed) are always in place and max risk per trade is $1,000 , to lose $50 k requires about 300 consecutive losing trades.The probabilities are in my favour of not losing it all , after the next twenty days I will have an additional $40 k profits to lose.
Its not possible to make 4% daily with tight stops, you will be stopped out a lot and it will cost you.
Quote from GordonTheGekko:
I do 150 trades per day sometimes, occasionally I top over 300... just curious what sort of system it is? (Not asking for specifics if you're uncomfortable in sharing, just if it's code based/intuition/indicators/guessing)
Trade what you see , it is discretionary trading unique to myself , there are rules but no specific time as to when to apply which rules , just trade gut instinct .Developing the right mindset takes experience in a live market.