I was thinking about very strange strategy. I called it get millions or commit suicide .
I explain it with an example and is mostly intended for mini traders.
You have 1000$ and leverage 200:1. Thus you control 200 000. Spread is 2 pips on EUR/USD.You think you have clear signal to go short at EUR/USD.
You are selling 150 000. Spread 30$ and your margin is 220$. IF EUR/USD goes 14 pips against you, broker automatically liquidate your position and you lost 250 on a trade. But if it went to your direction by 20 pips and you placed stop to BE and later it went by 40 pips think how happy you will be?
If you lost now you have 750 and begin everything again
I think it worth trying but only on mini
I explain it with an example and is mostly intended for mini traders.
You have 1000$ and leverage 200:1. Thus you control 200 000. Spread is 2 pips on EUR/USD.You think you have clear signal to go short at EUR/USD.
You are selling 150 000. Spread 30$ and your margin is 220$. IF EUR/USD goes 14 pips against you, broker automatically liquidate your position and you lost 250 on a trade. But if it went to your direction by 20 pips and you placed stop to BE and later it went by 40 pips think how happy you will be?
If you lost now you have 750 and begin everything again
I think it worth trying but only on mini
kiss the trend