YOu set a goal as to how many pips per week you want to make.
Write it down so you can look at it, and focus on it (the goal).
Well 100K at 100:1 is only 25K at 400:1
with a 25K account I would not be trading 2 mini's. I would be trading one
for a cycle or two until I knew I could risk more. It also depends on how well you understand margin useage percentages.1-3 is ideal 2-5 is more realistic
and I am ok emotioanlly up to 10 as I know gj and try to refrain from TMTH at ALL times, even if I have to miss some pips. Set your buy orders and Tp orders and go to bed. I get up at 430ish and I find that is best.
Frankfurt opens at 2am london at 3am so SOmetimes I miss some.
But normally thatis just a run down and my orders are getting filled all night as it runs down. Then I wake up at 430 and sell them on the way back up heading into NY open. Best trading is Frankfurt Germany (euro) and london
and US. Asia, and most all the other markets are so staggered and of lower volumne that it can get boring. If you make $10 700 times a month isn't that enough? Don't try to get lost money back overnight, if at all. You really shoudl try the 1-3% and be ok with it going to 2-5%, but until you go through another cycle or two and experientially know as a result the answer that will work best for you in the long run.
Your goal can be a certain percentage increase in your account size.
my $340 account got another $300 because it wasn't enough lots for me. Then I added an even 260 so I have exactly 900.00 in it. in less than 30 days my account is up 5000 pips, so my profit including interest is $500,
not much I know, I would have 5K at $1 a pip instead of $.10. I could take the 900.00 and be playing with my $500 profit but I dont think I will.
I am more thinking I have proved after a month in this micro account that this can be done with as little as $300.00 on a micro account. SO no one has any excuse as to why they can't.
I am more thinking of putting some thousands in and going back to $1 a pip.
.10 cents is fun, but I may as well be outside planting grapes or grass or erecting some fencing.
I am in Gum Spring. DO a Google search for: goochland alpacas
I should have the #1 match. Furbelow Farms. You are welcome to visit the farm any time. You can never have too much patience wiuth this trading system.
And it is required in order to be the most profitable.
Quote:
Originally Posted by pipsquito
You can make a lot of money trading this way if you are patient and always on top of it. I kept riding it up and down last night, putting in the buy limits as a batch of them were taking profit. I could have done it a lot more if I could have stayed up all night.
Question: If I am running 100:1 leverage, have $100,000 in my account...how big should my lot size be? I have been trading 2 minis, but seems that the profits are so low doing that...and my margin never even gets a dent. 
I keep forgetting to mention this Elijah, but I grew up in Virginia. My parents still live in Strasburg, near Winchester, and I visit them often. My sister taught in Charlottesville for years.
I love Virginia... |
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