Everyone is different and you'll just find a way hopefully. I have different approaches depending on what I'm working on so I can't give you a simple answer I'm afraid. If you are struggling maybe try and trim when you go over a 2x value and see how ...

Hedging/averaging trades without prediction

Well obviously he's holding the camera?

Hedging/averaging trades without prediction

Lol only in my own mind

Hedging/averaging trades without prediction

Eventually you can clean your dragging trades and the rotation speeds up typically with the market cycle if you've calibrated your average daily ranges or whatever you are using... So you might take a rough ride if you are fading a trend but if ...

Hedging/averaging trades without prediction

Here is a sample of EU it's a lot busier: image

Hedging/averaging trades without prediction

I calculate the pip value per 0.01 position. Here is a live example I'm working now on EURGBP, I have 6 positions open, they all start at 0.05 size according to my risk profile on this pair and max number of positions I will allow to open. I TP ...

Hedging/averaging trades without prediction

Kerrrching... got my bite

Hedging/averaging trades without prediction

Yaayy well done

Hedging/averaging trades without prediction

A third advantage and often overlooked is it gives you agency in managing your trades. Better to have some pro-action when in drawdown

Hedging/averaging trades without prediction

Hmmm also still weakening against EURO as well so might go a bit further to 1.22. Not trading it at the mo as i'm in EU and EG. Good luck

Hedging/averaging trades without prediction

Thanks for the tip, T. Never stop learning

Hedging/averaging trades without prediction

Yaaaayyyyyy! £3.21 tax free. Love it! Just need to scale it 100x

Hedging/averaging trades without prediction

Yeah I missed it to nett out and collect the div. No sweat I might leave it till next week if it doesn't come back. Shame the margin requirements are so high, you could just average this week in week out all year.. Edit: I mean nett close 0 and ...

Hedging/averaging trades without prediction

Ooo that's worth knowing, thanks!

Hedging/averaging trades without prediction

Right then, let's see if I can make a fiver!

Hedging/averaging trades without prediction

Great and thank you for being generous with your knowledge, this thread is nice for that

Hedging/averaging trades without prediction

What's the margin requirements on IG to trade this with reasonable size if you don't mind me asking? I closed my spread bet account ages ago and need to get my head around it all again

Hedging/averaging trades without prediction

Nice, i was away yesterday so couldn't trade it.

Hedging/averaging trades without prediction

Thanks I thought so, non UK is a big red flag... Shame though, that model is just what we need!

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Interested if anyone has been funded and paid via AXI Select programme? For some reason they won't accept UK, EU, NZ or AU which is a bit weird...

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