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- 45 Results (43 Replies, 2 Comments)
- Jexter replied Dec 3, 2013
Thanks for the wise words, tradista.
- Jexter replied Dec 3, 2013
Thread's going nowhere fast. It could've used a Stop Loss
- Jexter replied Dec 1, 2013
Considering that I cannot win 100% of the time, the question is, what happens when a trade turns out to be a loser? Then my stop becomes a guarantee that I will not sell lower, using your own logic.
- Jexter replied Nov 29, 2013
I haven't practiced hedging, so I won't comment on your money management strategy. However, hedging & position-sizing, in my mind, are more closely related to investing and long-term asset holding, as opposed to trading and speculation, which has a ...
- Jexter replied Nov 27, 2013
Wrong. No stop loss = 0. Meaning you risk the full amount: entry price - 0 = entry price. That's why there is such a thing as a margin call, Einstein, so that at most you can only lose the amount of money you put in, and not the amount borrowed on ...
- Jexter replied Nov 27, 2013
Kiwa, no wonder you're out peddling Martingale if you don't even understand the notion of risk. Now it all makes sense. Then your risk isn't 2%. If your position size is S units (1000 for 0.01 lot), your stop loss is 6 pips and your equity 2000 USD, ...
- Jexter replied Nov 27, 2013
The cap on position size is a bit dodgy, I admit it The idea behind it is, after sufficient account growth (positive case), or after enough straight losses (negative case, in a martingale run), the size of your position can become unrealistically ...
- Jexter replied Nov 27, 2013
Having a solid money management plan and knowing your risk is always a good start. Good luck!
- Jexter replied Nov 27, 2013
Good job Kanzler. I think the following additions would be nice: - instead of having martingale vs no martingale as an option, run both scenarii in parallel (so they're based on the same series of trades), and display the outcome for both - a target ...
- Jexter replied Nov 26, 2013
Well yeah. The extra capital I'm mentioning is dormant. It's just padding so you don't get margin called/stopped out at 200% or whatever value your broker is using.
- Jexter replied Nov 26, 2013
Just an idea.. why don't you 'park' a little extra money on the R2R account, but limit yourself to using just the $50 (or whichever amount you decided on)? This way you give yourself a little extra margin, and you can set the stops the way you want, ...
- Jexter replied Nov 26, 2013
I'm waiting to see if 101.33 is retested upwards, will long or short accordingly.
- Jexter replied Nov 26, 2013
Major trend still clearly up, downward wedge, solid support at 101.3 - I think it'll resume moving upwards. I'm still holding my initial longs.
- Jexter replied Nov 26, 2013
Go for the maximum leverage available, just be aware that although it enables you to open larger positions (or more trades), doing so also increases your risk/exposure. Leverage is great, but it's a double-edged sword. Also, while having a ...
- Jexter replied Nov 26, 2013
Next few hours should give us a clue, either a retracement to ~100.5 (lower?) or a move up to the resistance at ~103.7 image
- Jexter replied Nov 25, 2013
Balance = your current account balance, meaning deposits - withdrawals + realized profit from closed trades - realized losses from closed trades (cost of trading like commissions, spread, swap is usually already included in profits & losses). The ...
- Jexter replied Nov 25, 2013
I don't get it. How can you be at +3 net wins and be wiped? Your series is WWWWLWWLL. Normally after the last loss you should be in the same state you were after your 1st loss or after your 3rd win (i.e. at the WWWWL point or at the WWW point). You ...
- Jexter replied Nov 25, 2013
The theory is rock-solid. But in practice, you'd run into market liquidity problems after a number of net winning trades, obviously. Every additional winning trade would be hard on your psyche as well, since you have to 'gamble' half the amount you ...
- Jexter replied Nov 25, 2013
You're probably right. Why bother after all, it's his good money, not mine, and indeed nothing beats personal experience. Cheers
- Jexter replied Nov 24, 2013
Wrong. url Wrong again. It's called Probability and it's a whole field of study by its own self. The concept of a Martingale is to double your 'bet' after every loss, and scale back to your original 'bet' after a win. While every trade has ...