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How To Trade From 1 lot to 100 lots in a Month Using MMM
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How To Trade From 1 lot to 100 lots in a Month Using MMM

  #11 (permalink)
Elite, not Elitist :)
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Shivaya,

I for one am really looking forward to this journal. It's ambitious - but that makes it all the more compelling. Good luck!

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  #12 (permalink)
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Closed out o'nite positions today. No new trades for this journal.

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  #13 (permalink)
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If your starting bank is $1000 and you 'bet' 2% max per trade and you make 20 pips a day while never risking more than 10 pips then it would take 160 days to be able to 'bet' 100 lots per trade:

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Last edited by trendisyourfriend; March 2nd, 2012 at 06:13 PM.
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  #14 (permalink)
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trendisyourfriend View Post
If your starting bank is $1000 and you 'bet' 2% max per trade and you make 20 pips a day while never risking more than 10 pips then it would take 160 days to be able to 'bet' 100 lots per trade:

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As my humble contribution, an Excel sheet to simulate various scenarios. There are a few french words but don't worry they are easy to decipher.

You are correct, so we need another maths set to compound. The point of % risk is to avoid ruin. That is why the largest loser is all important. If I get a new largest loser, everything is recalculated.

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  #15 (permalink)
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The Deep Monster

Over the years I noticed that as a new trader I was trading 1 lot per $10,000 of capital profits and as an older trader 1 lot per $50,000 of capital profits.

Why so risk averse?

Mind games! Market ambush when in big position. Freeze when in big position. So I ask myself the question "What is the likelihood of ruin?"

Tha answer is 100% IF I freeze in a losing position. In order to increase size I need a consistent system of trading, know the max size of any loss over large sample and be disciplined to increase/decrease when told.

I noticed I would rather work on systems and analysis than money management.(where the real money lives)

Then I met a trader online who went from trading 2 eminis to 10,000 in a day! Real $. How does he do this? I found no secrets. He always wanted to trade large size. Yep...all in the mind.

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  #16 (permalink)
Market Wizard
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I'm not endorsing your method nor your premise.

However:

It is better to shoot for the Moon and hit the ceiling.

Than to shoot for the ceiling and never get off the floor.

...

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #17 (permalink)
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Shivaya View Post
Closed out o'nite positions today. No new trades for this journal.

Will you be posting your trades / results?

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  #18 (permalink)
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DavidHP View Post
I'm not endorsing your method nor your premise.

However:

It is better to shoot for the Moon and hit the ceiling.

Than to shoot for the ceiling and never get off the floor.

...

Unless you blow up on the launch pad.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #19 (permalink)
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Drawdown Start!

Great day to begin. However I've been going in and out of drawdown. Now will have to recover before compounding can start.

I use a percentage of my account for this exercise. Nothing to ride today.

Still on 1-5 contracts.

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  #20 (permalink)
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liquidcci View Post
Unless you blow up on the launch pad.

Always possible! Would just have to build another rocket.

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