Welcome to the club. I also had the worst week since the last 7 weeks 3 trades - no profit and no loss,11 wins,9 losses: so 23 trades and 29 pips profit. My goal is 40 pips and max I did weekly was 60. So last week was rather a bad one

Mathematical reasons why MOST DayTraders & scalpers fail?

Main difference I think: — let's say you have lost 4000$. now you have 6000$ left (MM1) or 1000$ left (MM2). to rebuild the balance you need to make 66% profit (MM1) or 400% profit (MM2) it is needless to say which one is more probable. in ...

Two diff MM same result?

my biggest drawdown so far was similar. what can I say. try to relax and play carefully and next week you will probably forget this problem

Losing 20% live :(

what for? — do you see any sens to make a payoff before you get the first million? if you compound some 1000$ for a month longer you get 1100 out of it. next month 1210$ and so on. so paying off 1000$ today you potentially kill the profit of ...

Price of consistency

I developed my own model. Timeframe 15min till 1h. I tested it on xtrade platform. Try to use period 200 (sic!) and note how exact it shows the end of a trend just sticking back to zero. You can also look for divergence (price vs. indicator) which ...

Are indicators useful?

I use oanda - simple interface and narrow spreads

what is best online trading platform

it is all about your edge. I am a daytrader and statistically I pay more to oanda then earn myself. So what? They developed a great tool and they offer low spreads. I am not jealous since I know andI see what I am paying for!

Mathematical reasons why MOST DayTraders & scalpers fail?

until now only one indicator amazed me: Force Index which is essentially (so far as I untestand it) a multiplication of momentum and volume. It gives great signals for exits, and good for enters.

Are indicators useful?

at the 9 of november I had 2173$ on my account and now 3117$ however I involve almost 100% in every trade, so this grow rate (45% in 15 days) is not sustainable when I start play seriuosly and with bigger money. Anyway even 20-30% monthly will make ...

Growing small account

actually I realised that making me more precise in my last post I answered myself on my own question. Funny that I needed to arise a new discussion to unterstandsuch a simple issue Sorry for the first not precisely enough defined post and thanks ...

Position size - Looking for an advice

I wrote "position size 40%", not risking 40%. I play on a slow egzotic pair and the biggest loss I had ONCE was about 20 pips. (my stop loss is far away-50pips - just not to disturb.....and never disturbed) So having e.g. 100k$ and investing 40k$ in ...

Position size - Looking for an advice

we should talk only about pip-profit — I dropped some info about my results a few weeks ago. Playing very high i had later about 30% drawdown but i gained it back and now i do more or less stable 10% weekly. AND WHAT? This is not enough to say ...

5% per day is achievable

I see, so investing over 100k$ is still possible. cool! For me it is really obvious, this month was just a test of real oanda on the small sum. I am going to trade max 10% of balance when I invest more. long run....well, actually I think the same ...

My first month on Oanda-real - and first question