just wanted to say, to all the newbies, keep at it. keep rereading pipsology. if not regularly, check in with the site as there is good info on here. i have posted another great quarter, just over 40% roi. being profitable is better than being right. it is like being married.
Carry on
Interesting that you say that because my wife is a big part of why I am profitable. She helps me focus on what is important. Thanks for the note of encouragement, keep up the good trading!
HA!!! I like it…
Congrats on another great quarter.
Congratulations on your great return. As a newbie, I’m still trying to find a strategy that works for me while I study this site. Will you post your trading method in detail? Thanks
i trade 13 pairs on the daily. so keeping a trade in for a min of 24 hours, that is if i am not stopped out which is percentage based. i could have up to 13 trades in 1 day. lot sizes are up to you. which will determine your leverage levels. as simple as that
Jeez, 13 pairs is pretty intense. Sounds like you’re working on a purely statistical level. I like that.
Try monitorying 20 :p. Oh, and it’s all pretty much based on PA so it can happen at any time.
Congrats on a good quarter if you need help sharing the wealth you can always PM me:D
I already have my hands full trading 5 hours of EURUSD. I couldn’t possibly fathom trying to trade 13-20 pairs simultaneously.
nice one, i’m pretty new and things seem to be coming together for me now. it gives me more motivation to know that i could be just around the corner to trading really successfuly.
not sure if i can trade 13 pairs, i’m just focussing on the majors right now max 3 pip spread or won’t trade it.
40% is really superb ROI.
Could you please explain your method/approach in a more details? (although you did some explanation in one of your post)
Because I deeply feel that it will help a lot of beginner traders here.
Your contribution will be much appreciated by all members here
pm me and i will send you my q2 results, my account isnt huge but growing slowly. i started with $1000 micro at fxcm a couple years ago and now up to just over $35000. i started like anyone with an individual account and have slowly upgrade to standard and now trade a pamm account. this is not a plug for fxcm. i am sure from looking at my trading entries and exits you would be able to work it out more specifically.
the only thing i have done different between then and now is taking less risk which means smaller drawdowns. smaller drawdowns means i can trade again tomorrow and the next day. but there is a degree of compounding that i cant do without. this is calculated vs your bankroll.
the easy part identifying the trend. it sounds like it has been said already but it is the honest truth. dont try picking tops or bottoms. once the trend has been confirmed, confirmed, confirmed, ride it till it changes. the smaller the time frame, louder the noise.
for eg. if you look at the daily at the beginning of may when they had the flash crash. the reason why i mention it is because everyone was somewhere near their pc or wishing they were infront of their pc. it doesnt take a rocket scientist to figure it out but many of the positions that took advantage of 1000 point drop on the dow was taken 2 days before the flash crash. again. if i can see it. you all can.
to be honest, knowing how i trade isnt going to help you be a better trader. understanding in your own minds what you are looking at and your interpretation will be your fishing rod. my message is just that it is possible. i am just greatful to a place like babypips for making me see the light.
stay in the black.