so if you take a 2% loss, your next trade will be larger than 2%? maintaining a percentage risk IS scaling down, that's what I mean. If you don't re-calculate what 2% is on your account after you lose, you are going to get wiped out eventually.

james16 Chart Thread

Just maintain your risk, and scale down everytime your account takes a hit, it is virtually imossible to blow an account this way.

james16 Chart Thread

yeah, I love to look at the weekend as a good opportunity to highlight what I want to do within the next week. But I still don't see anything silly on my 3 trade attempts of this week. I like it

james16 Chart Thread

You may have seen something, but it was not within my standards. Different people trade differently. I'm not going to try and find a reason why I had a down week, it happens. It is part of trading. To be honest, I think I did everything right this ...

james16 Chart Thread

yikes, markets are moving today. Looks like the dow is headed for another beastly plunge.

james16 Chart Thread

I have the syndrome of reading a book once, then trying to read it the second time, I get about half way if I'm lucky, and the bookmark sticks there forever and beyond edit: i actually read Technical Analysis of the Financial Markets cover to ...

james16 Chart Thread

I don't have enough money on my paypal for all these books.....

james16 Chart Thread

I don't think reminiscences highlights his success nearly as much as his failure. Its more about the reasons he failed, than the reasons he succeeded.

james16 Chart Thread

I think the best book in terms of trading psychology is Reminiscences of a Stock Operator. The book really lays out the path to failure and the reasons why some of the smartest traders still fail. READ IT.

james16 Chart Thread

I saw that exact spot when I shorted the daily I4B, yet my manager missed it by 1 friggin pip (to move the stop to b/e) and I had to manually shut it for a 1% loss. Pretty lame.

james16 Chart Thread

no the boring part is that last week there was 10x as much opportunity, this week.... just no good signals, not on futures, not on currencies....

james16 Chart Thread

I'm glad you guys are doing good..... I'm out more than 2% this week.... should be expected after last week, but this is boring.....

james16 Chart Thread

except you get flattened if trend changes. I think to apply a trailing stop management technique, while adding to your position would be an effective deterrent from that failure in my opinion.

james16 Chart Thread

wow I was unaware of that thread. I just look at the method as the original turtles trading method. url

james16 Chart Thread

Alright, I'm in this I4B now, This thing missed my first target by about 1 pip, and the stop never got moved to B/E. I'm still in at 2% risk. I'm willing to manually kill this if it makes a good break over the 1.02. If it doesn't, I will still pull ...

Dan's Self-Honesty Journal

eh..... I don't know then ??? What I gave was about the only explanation for that, as it had happened to me in the past.

james16 Chart Thread

This is happening because you are leaving your EA open when you close down MT4. So after you re-open MT4, the EA will re-execute the management! This is why I rarely use the take profit feature on the EA, but rather open two half size positions that ...

james16 Chart Thread

gold may be destined to have a big huge run up again like it did when it broke 1,000. I plan on just buying on breakouts and using very large trailing stops. below is the method that rac pointed at a loooong time ago of catching a trend by just ...

james16 Chart Thread

I'm taking the i4b on USDCAD, I'm falling asleep right now as I type this, more info tomorow morning, i promise.

Dan's Self-Honesty Journal

the red boldened part saved me from taking a loss, my trades never got hit, price bounced off the PPZ and never got to my order. I am deleting both the buy, and sell orders on that I4B. Judgement calls FTW!

Dan's Self-Honesty Journal