Hello all,
I am trying at the moment a strategy that actually uses no SL. Negative trades I try to average out or maritingale either to BE or a smaller loss.
My experience so far (3 months. 130 trades, dailys) is split: I have serious gains, more than I ever had before with any other strategy, in fact it is the first time I ever win, but at the same time I also had serious drawdowns which almost wiped out my account. It was pure luck that they did not. So for the future I will take smaller lots.
My question now:
Is there anyone of you who trades that approach successfully?
Successfully meaning:
- NO demo (demo is totally different if you dont care about the potential drawdown or even the margincall)
- longer than a year with a high number of trades (anything else is too short to tell if it was just luck that the "one bad trade" did not happen yet)
- with serious money (if you only gamble with a few bucks for which you dont care if you lose them then it is almost like demo trading)
- with a good amount of money won (if you make 100 Dollar a year with a 10000 Dollar account then trading no matter the system is not worth the risk at all)
- preferably for a living by professionals
What are you experiences so far?
As I said I am quite unsure at the moment if this approach is suitable long term for the well known disadvantages and like to know of some good traders here what they think.
Thank you.
Regards,
Myrmica
I am trying at the moment a strategy that actually uses no SL. Negative trades I try to average out or maritingale either to BE or a smaller loss.
My experience so far (3 months. 130 trades, dailys) is split: I have serious gains, more than I ever had before with any other strategy, in fact it is the first time I ever win, but at the same time I also had serious drawdowns which almost wiped out my account. It was pure luck that they did not. So for the future I will take smaller lots.
My question now:
Is there anyone of you who trades that approach successfully?
Successfully meaning:
- NO demo (demo is totally different if you dont care about the potential drawdown or even the margincall)
- longer than a year with a high number of trades (anything else is too short to tell if it was just luck that the "one bad trade" did not happen yet)
- with serious money (if you only gamble with a few bucks for which you dont care if you lose them then it is almost like demo trading)
- with a good amount of money won (if you make 100 Dollar a year with a 10000 Dollar account then trading no matter the system is not worth the risk at all)
- preferably for a living by professionals
What are you experiences so far?
As I said I am quite unsure at the moment if this approach is suitable long term for the well known disadvantages and like to know of some good traders here what they think.
Thank you.
Regards,
Myrmica