DislikedJust closed out. Now short, 4 lots. Risk $600 +$2900 today {image}Ignored
+$12,000 on the week. One of my best weeks ever.
and I changed the rules slightly on the original post.
I am too wild and reckless to stick to such conservative rules.
Objectives: (if I was to blow this $25k account, it wouldn't affect my standard of living in the slightest)
- $25,000 to $25 million+ in less than 60 months.
- Win 50% of trades
- Make 2 trades per day, at minimum, more if profit is flowing.
- Risk 1% or 2%
- Occasionally will risk 4-5% if I feel the probability is 90% or greater.
- Risk reward minimum 1:1, maximum 1:3 (Rare an entry will give more than 1:3, at least for scalping)
- Profit goal 5% per week. Does not mean I will stop there. However lets say I am up 10% on the week and then lose 5%, then I will stop.
Be hopeful in a winning position, and fearful in a losing position.