Trading EUR/USD Daily Hi & Lo

Anytime I hear the words "double upon loss", I cringe. Any form of martingale has proven, without wavering, to never hold in the long-run. There will always be a string of situations that fall out of test parameters to redefine said parameters (many times wiping enough equity out to cause a shift in process or profession).
 
Quote from GrovChiri:

Anytime I hear the words "double upon loss", I cringe. Any form of martingale has proven, without wavering, to never hold in the long-run. There will always be a string of situations that fall out of test parameters to redefine said parameters (many times wiping enough equity out to cause a shift in process or profession).
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That is a general statement,which most would agree.However, let's get to the crux of what has been journalized here...you need to read all 42 pages and realize the OP was NEVER in a situation of 'ruin'.

The strategy was clearly outlined and the probabilities of success calculated. The capital outlay was also predetermined, therefore the OP has covered 2 of the 3 steps of the triad.

I will leave it to you to determine what the 3 rd part is and quite frankly, I believe the OP has essentially covered that aspect too.

As in life and nature, anything can happen in trading.

NiN
 
It's high risk, that's why I have allocated initially 20k, now compounded to 40k after 1 year of spanking this cobra. If I can repeat 100% return each year for the next 5 years that would equal £1.2m+ from £20k. IMO that's worth the risk ;)
 
Sorry if this isn't actually a trade but are there any GERMANS here who trade currencies? I'm moving to Germany and have some tax questions on how currency trading is taxed
 
Quote from JSSPMK:

It's high risk, that's why I have allocated initially 20k, now compounded to 40k after 1 year of spanking this cobra. If I can repeat 100% return each year for the next 5 years that would equal £1.2m+ from £20k. IMO that's worth the risk ;)
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Darn right :) Can't wait to see it happen!

Congrats so far. Been an excellent thread and your execution has been flawless
 
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