No Stress Trading - Page 3
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Thread: No Stress Trading

  1. #21
    Quote Originally Posted by ;
    By that I mean my account is big and that I exchange small quantities.
    Hmm... you've got a $10k account and earn roughly $200-$300 daily with 4-5 trades. Something is wrong here. What do you mean using small quantities?

    Your USD/JPY position size must had been around 2.7 lots(!) To get about $2,000 swap for 71 days. Thus phew... 2.7 lots having a $10k account isn't small - that's for sure (that is ~$2,300 for every 100 pips).

    Should you state you exchange 12 minilots you mean that you exchange 1.2 lots at a time?

    Regards -

  2. #22
    Quote Originally Posted by ;
    so.. What occurs when the long term trend turns, and you do not understand it till you have blown out 75% of your account? What prevention steps do you have in place to prevent something similar to that??
    Good question. I believe that would be rather hard to do if you are trading little fractions of your complete purse. Again, think of this as an investment. Not speculation. I have had it move against me 500 pips currently. Didn't affect my purse that is total. Here's a question: what is the evidence of a change in long term fundamentals? Perhaps falling under a support place on a 5 year old chart? I might look at getting out now if that happened. And if you look at a 5yr chart, you will notice support around 1.95 (pound). Trading fractions and buying more as it goes down and selling on the retraces can do you just fine. You will not lose 75% of your account. As I mentioned previously, I will buy when there is a reduction of 100 or more pips. If you did that this past Friday about the NFP, you could have done nicely.

  3. #23
    It is hard to believe but I think Bglenn's system is great.
    Why tough? Because overall consensus is to trade correctly which mostly gets your stops hit .

    One shortcoming of this system that pops in my mind is closing when your standing is slightly in profit. Just think of it: you have probably spent 1 week or more than a month accumulating the situation, patiently stomaching the annoyance of your account losing and then after when at last it decided to turn around you are rushing to hurl at a towel!?

    I'm lately spending a lot of time considering this situation. What's that when I'm losing I want to stick to my guns and continue losing? And why is this when I start to win I want to close out fast?

  4. #24
    Hi,

    I do something similar to that for my carry basket. You should only use interest positive pairs otherwise you Will Need to pay...

    Regards -

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