My Trading Plan
This is a long-term trend-following strategy in which I will gather positions throughout the FOREX market from the 28 pairs my broker offers me. My goal is to develop a low risk, very diversified foreign exchange portfolio that will grow over the course of the next several years and more. Capital lost while gathering positions will be replenished by covering/closing low-profit trades in a form of diversification once said positions are acquired. From my starting capital, 50% is in my trading account while the other half is held to replenish my acct balance when I start to get low bc of margin requirements.
Positions will be accumulated by discretionary trading. Once profit is established, all risk is cleared from trade and made available to fund future trades in same pair. Losses will be limited by using discretion stops; taking lot size (% risk) in to consideration. Hedging will be used once a solid portfolio is established to limit risk.
I will post a position update at the end of each month. Please feel free to PM me with any questions & comments on this.
This is a long-term trend-following strategy in which I will gather positions throughout the FOREX market from the 28 pairs my broker offers me. My goal is to develop a low risk, very diversified foreign exchange portfolio that will grow over the course of the next several years and more. Capital lost while gathering positions will be replenished by covering/closing low-profit trades in a form of diversification once said positions are acquired. From my starting capital, 50% is in my trading account while the other half is held to replenish my acct balance when I start to get low bc of margin requirements.
Positions will be accumulated by discretionary trading. Once profit is established, all risk is cleared from trade and made available to fund future trades in same pair. Losses will be limited by using discretion stops; taking lot size (% risk) in to consideration. Hedging will be used once a solid portfolio is established to limit risk.
I will post a position update at the end of each month. Please feel free to PM me with any questions & comments on this.