Hi Folks,
Trade is not easy although simple, just try to know when the price Up and when the price Down.
Most of the trader although expert or even a beginner starting to race to create strategy, and most of the creator claim the strategy proven already.
The in the real life of trading , we can meet with funny thing, although the news can make a result different.
I have been reading some books, also some posts, they write down about "The trader should be have a target", daily target, weekly target, or monthly target, even yearly target.
After a few times when I started to love this kind of business, after have bad and good experience. laugh and cry. I realize that most of the main problem of the failure trader is Emotion.
The trader need to control the "emotion" and also discipline with the trader rule or plan.
The trader need targeting their Pips or Profit or how they want to make money.
I have been reading some post with the title " One percent Daily " , it's good and reasonable. This strategy and this target also can help to control the target from oversize trade.
How to reach this target, I have been trying using the simple method, for the example our target is 1% daily, I will make it double for the day, and divide with the pips that you often get it.
For example :
My Balance : $ 1000
My main target is 1% daily
My main pips target is 50 pips ( as Take Profit Number )
My trading target parameter is 2% daily.
and The pips that we often reach is 25 pips
so the lots size for trade is : $1000 x 0.02 = $20 / 25 ( "pips that often get it ") = 0.80 Lots
With this target system , we can grow the capital faster, stable, measureable.
Combine with compounding for better result.
Happy trade.
Hope this post will help.
Trade is not easy although simple, just try to know when the price Up and when the price Down.
Most of the trader although expert or even a beginner starting to race to create strategy, and most of the creator claim the strategy proven already.
The in the real life of trading , we can meet with funny thing, although the news can make a result different.
I have been reading some books, also some posts, they write down about "The trader should be have a target", daily target, weekly target, or monthly target, even yearly target.
After a few times when I started to love this kind of business, after have bad and good experience. laugh and cry. I realize that most of the main problem of the failure trader is Emotion.
The trader need to control the "emotion" and also discipline with the trader rule or plan.
The trader need targeting their Pips or Profit or how they want to make money.
I have been reading some post with the title " One percent Daily " , it's good and reasonable. This strategy and this target also can help to control the target from oversize trade.
How to reach this target, I have been trying using the simple method, for the example our target is 1% daily, I will make it double for the day, and divide with the pips that you often get it.
For example :
My Balance : $ 1000
My main target is 1% daily
My main pips target is 50 pips ( as Take Profit Number )
My trading target parameter is 2% daily.
and The pips that we often reach is 25 pips
so the lots size for trade is : $1000 x 0.02 = $20 / 25 ( "pips that often get it ") = 0.80 Lots
With this target system , we can grow the capital faster, stable, measureable.
Combine with compounding for better result.
Happy trade.
Hope this post will help.