Went about 2 months on the demo until I doubled my $2000 starting balance. Two weeks ago I made the switch… It’s going well so far.
Here’s my system, just looking for comments from more experienced folks. Is this grenade going to blow up any day???
I would currently characterize myself as a short term scalper. It’s pretty simple really. I find a pair in a good trend over 4 time frames (1, 5, 15, hr and hopefully 4hr) that is exhibiting a good channel and trade it manually always with the trend. I keep a close eye, playing price action and scalp 5-10 bucks on .1 lots in trades that are usually only open 15 minutes or so. My win ratio since starting is about 85%. Over the last month its up to about 90%. In 2 weeks of real money I’m up about $500 on a similar sized account. To be frank I don’t leave trades unmonitored, simply because I have not figured out how set stops using this system. Any reasonable stop even 1:1 risk/reward gets grabbed way too often. So far trading manually I can see it going south and exit with minimal pain. I’d say it’s time consuming but really quite easy… Will this scale to larger lots? Or will issues arise? Am I just getting lucky?
Comments please??
Jody
I’m also a newbie (only 1 month) … would you mind to share your strategy in details … ?