So then it's perfectly acceptable to you to risk 25% or more of your account on each trade as the previous poster implied?

Money Mangement, Do you take it serious?

I don't know what's wrong with me today but I am going to refrain from being a smart ass......for now. You can follow proper money/risk management rules with small accounts. You do need a broker who will let you trade in micro-lots. I believe oanda ...

Money Mangement, Do you take it serious?

I believe X-Tick has some pattern recognition programed in. But I'm really not interested in having my charts anal-ized.

Japanese Candlestick software??

I did a little more research into this idea and still have not been able to find a defined example of this type of money management scheme. I put a call into my brother who is a CFA to see if he has heard of it. I'll see what he says. After thinking ...

Risk Reward Ratio and Account Risk

A true martingale reduces position size after a win and increases after a loss. I was drawing on the similarity only. You are increasing or decreasing position size based on risk to reward. That's why I said it's something like a martingale. But you ...

Risk Reward Ratio and Account Risk

Alright, I think I understand what you are trying to accomplish. The better the Risk:Reward the more (fixed fractional) you are willing to risk. Correct? There is a very key ingredient that you are missing here. Win percentage. Are you saying that ...

Risk Reward Ratio and Account Risk

What are you trying to accomplish here? Specifically with this: Are you looking for a way to manage risk and determine position size?

Risk Reward Ratio and Account Risk

If that is the case then you don't need someone else's method. If you win consistently in demo then you already have a winning system. Why do you need someone else to give you one? I haven't read the entire thread but skimming it I see multiple ...

Please tell me your method!

Truthfully I know nothing about them. Somehow I'm on a mailing list so I have heard of them. I was simply responding to poster who supplied their name as evidence that there was a broker who encouraged news trading. There may indeed be brokers who ...

Broker Complaints …Get over it!

They are also not a broker.

Broker Complaints …Get over it!

Awesome stuff Phil. I knew about 2-6 but not about what the CME is up to. This could be really big. I'll be watching this closely. The universal account idea has been interesting to me for some time. I've wanted to add some ES trading and what ...

The Future of Currency Trading

With a 68% win rate over 50 trades you have roughly an 85% probablity of seeing 3 losses in a row. As for not following your own rules. Well, that blows the probablities right out the door. Probablities are your friend, I hear trends are as well.

Three Losses in a Row