Hi SZBU, OK, how I'm managing the risk is to use 0.2% of account balance on leverage of 1:100. This means that each position risks 2% if a stop loss is hit. I have a maximum of 10 trades on at any one time so the maximum exposure is 20%. I'm only ...

Steviet's Live Trades!

Thanks Natejax I see you've started your own journal - time for you to take up the mantle I think Kind Regards Steve

Steviet's Live Trades!

Hi Natejax Just seen you have started your own journal! Wanted to wish you all the best and do stick at it - if you can keep it going through the next few months you'll be amazed at what you learn. Kind Regards Steve

Natejax Trade Journal

Full November results — OK, the remaining results for November..... 16/11 - Closed trades 7, pips 257 19/11 - Closed trades 11, pips 474 20/11 - Closed trades 9, pips 455 21/11 - Closed trades 16, pips 615 22/11 - Closed trades 9, pips 424 ...

Steviet's Live Trades!

Thanks peeps — Hey, my thread has come back to life I'll be updating later with results for the whole month of November - I wonder how it's gone? Has it been a good one or has it all come crashing down....hmmmm Kind Regards Steve ...

Steviet's Live Trades!

Congrats Karmo — Don't get much time to post these days but congratulations Karmo Kind Regards Steve

Auslanco - GBP/JPY and GBP/USD (newstrade)

LOL Kris, Absolutely right that it's all about %'s. Last month, 1000 pips was 10% to me and although I banked 4000 and made 40%, drawdown was too high for my liking. This month, trimmed down so 1000 pips is 2% - just trying to find the optimum % for ...

Turbo's Journal

November stats so far... — OK, as promised I'm posting the results for November so far below. I'm trading GBPJPY exclusively and using a position size of 0.2% of account balance. 02/11 - Closed trades 0, pips 0 05/11 - Closed trades 7, pips ...

Steviet's Live Trades!

Hey Seems like ages since I wrote anything here - am I getting withdrawal symptoms?? hehe Yup, taking a big jump as far as account size is concerned, is something I'm really conscious of - been talking a lot with Monsieur Kaos (Turbo ) who's ...

Steviet's Live Trades!

Hi George, I've used Marketiva since day 1 trading live and I've just been refining my system to suit a potential investor. If and when we start this partnership, I'll be using another broker & I'll let you know my experiences with them. I'll post ...

Steviet's Live Trades!

Exactly, Backtesting may give you a general idea that your system can be profitable but the only way to really test a method is to take the plunge. I believe that you need a rigid set of rules and you need to be disciplined enough to stick to them. ...

Question on BackTesting

Eeeekkk, my ears were burning Well, update on my 'crazy' 1000 stop loss strategy on GBPJPY - in total since late September I've managed to secure nearly 7500 pips and not one of over 400 trades has been stopped out. Thanks to today's action, ...

Win/Loss Ratio and R/R Ratio Link?

Thanks George, I'll try and stay around and update from time to time. The % from now won't be so high as I have to get in the mindset of trading much larger positions than I'm used to. An 'investor' may like the big % profits but what can also come ...

Steviet's Live Trades!

Thanks peeps — Thanks so much for your kind words everyone Just to update you, I'm trying to refine my methods to suit a bigger account size and the different challenges that brings. If someone has a 7 figure account, then floating ...

Steviet's Live Trades!

Thank you Twoblink - a 'must read' Kind Regards Steve

How to Get Anything You Want (free ebook)

thanks for your kind words all and Carl, that is fantastic that the thread has inspired you to find your way steve

Steviet's Live Trades!

Cheers bud! I knew I missed someone lol - thanks

Steviet's Live Trades!

The end.....for now — OK, today has not been a great day - I really should've started taking longs at 236 as I said I would. Should'ves don't count unfortunately lol. Today marks the end of the year and I've been overall profitable. Although ...

Steviet's Live Trades!

Trade update on position closed last night... GBPJPY short 237.33 closed 237.23 (+10) Oct pips +4100 Ac Bal Increase Oct +40.82% Consecutive profitable trades 396 Steve

Steviet's Live Trades!

Hey Tiki Well, tomorrow I'm in meetings all day (yawn) so won't be able to get to the pc at lunchtime. That maybe a good thing lol. I'm pretty confident (famous last words) that we won't get above 240 on this move - if we do, we do and I reassess ...

Steviet's Live Trades!