The next item you brought up was diversification. I'm in favor of it. I diversify every way I can. Typically, I'll have 6 to 12 currency pairs trading. I also diversify across markets, stocks, bonds, etc., and across locations. Of course, with such ...

Trend Trading

I didn't get much discussion on win/loss ratio, though anyone can comment on trading related items anytime they want. Let's move onto money management. This doesn't really have to be that hard. Just using round numbers, I keep enough balance so I ...

Trend Trading

Went flat for the weekend. Took profits and sitting on the sidelines now. I had a good week and I just can't justify the risk of opening gaps going against me. It's rare, but it hurts like hell to give back a month's profits in the first few minutes ...

Trend Trading

I take it you are an institutional investor? That's fine. I have lots invested in Charles Schwab Index fund. But, present company excluded, institutional investors have a horrible track record. According to mutualfund.com, "Over 10 years, 83 per ...

Trend Trading

Yogi Berra said, "It's tough to make predictions, especially about the future." I simply trade what I see. That's much easier. I've totally given up on trying to predict the future. So, if it's been going up a long time I'll buy it. If it then turns ...

Trend Trading

Well, first of all, a truly random sequence can assume any form. Of course, if it looks like a strong trend driven by some unknown fundamental factor for long enough for us to profit off it, we may never know it was just truly random motion and we ...

Trend Trading

Wow, that's a tall order. Lots of complex items to consider there. We can take them in your order. First of all, win ratio. I'm not sure if there is a perfect number. As I said above, my current win ratio is 42%. Of course, if your win ratio is less ...

Trend Trading

Good questions. I'm currently winning about 42% of my trades, so I'm taking lots of small losses. I currently have an emergency stop loss at entry of 150 pips. My goal is to never hit it. I try to manually exit all my trades, well before it hits the ...

Trend Trading

Hard for me to see the trends there, but I do believe in diversification. So, for instance, I start out monitoring 28 pairs. About half show no clear trend, so I ignore them. I'll take a position on the remaining 14. Of those 3 or 4 will quickly ...

Trend Trading

Yes, It's important to cut losers fast. I usually cut them off very fast, like if they go against me 20 to 50 pips, very fast. Most, but not all, of those trades fall in the 1/8th of random motion apparent trends that prove themselves to be losers. ...

Trend Trading

Excellent suggestions! Let's make sure to get to all of these. It's a big subject. But we have all the time in the world.

Trend Trading

Thanks for the feedback and comments. Yes, I did sort of start in the middle of the story, assuming we had already identified a trend. There are many methods to spot trends. A series of higher highs, or lower lows, trend lines, moving averages, ...

Trend Trading

Continuing to look at trends. From my experience, about half the popular pairs appear to be trending at any one time. But about half of those are really just apparent trends. They are simply the random motion of price caused by business currency ...

Trend Trading

I'll begin by throwing out a few things for discussion and readers can chime in as they wish. We can begin by looking closely at the definition of a trend. What is a trend really? I'd say, a trend is when price has more moves in one direction than ...

Trend Trading

I wish I could re-write most of this thread. I've learned a lot over the past few years. I'm surviving in perhaps the most difficult market in the world. I'll try to give back a little if I can find the time by starting a new thread in the Trading ...

Multi-Lot Multi-Timeframe Position trading

There is no shortcut to success. Trade 0.01 lots per trade, real money if you can afford to lose it, for as long as t takes to become successful. It takes a Doctor about 10 years, a Dentist about 8 years. Maybe a good engineer can get there in 5 ...

Going all in on a trade

I just can't say that for me at least, one time of year is better or worse than another. I take time off around holidays and spend time with family and friends. Volume is often thin during holidays and that can lead to irrational moves in the ...

Multi-Lot Multi-Timeframe Position trading

Generally I do, but I'm always trying to improve. I tend to move stops slower and in very small increments these days. I'm not paying as much attention to the weekly and monthly charts since my trades rarely run more than a couple weeks. If I'm ...

Multi-Lot Multi-Timeframe Position trading

Ah sleep. That wonderful elixir for the mind and soul. If you are well ahead and concerned, take your profits and sleep well. You will have many chances to trade, even better chances, but you can never recover lost peace of mind.

Multi-Lot Multi-Timeframe Position trading