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Originally Posted by pipsquito
So you are talking about a 50¢ pip? So for each TP on a buy limit trade (10 pips) I'll make $5? And I could only buy down 200 pips? With 20 orders? So the max I would make on a 200 pip run down/run up would be $100? Jeesh. Hardly seems worth it. Maybe I am missing something here, but I'd rather grow corn in Iowa than make that sort of effort for 50¢. Now you see why I blew an account!
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Bingo!
That is the trick .. grabbing lots & lots of little pips while keeping the risk under control. Check out the other thread in this section, something about Hedging, and check out what NZPenny has to say ..
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Actually, I just realized I am running my demo at $100k with.5 standard lot, which is equivalent to what you have outlined here.
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Exactly! And me too .. my demo account has that same ratio and in 7 weeks I have taken it from $500k to $916k doing nothing but grabbing those little pips, sometimes only 5 pips per trade (with 5 standard lots). You can grow your corn, I'd rather make $200+k per month
My new spreadsheet calculates that with $10k (sigh!) you can double your account every 9 weeks, or about 2 months. That turns $10k into $600k+ in one year ... still want to invest in that hoe??
Slow & steady wins the race
