Phil_GMT

Full time day trader.

Windsurfing, Language, Culture
countryCode
GB
Real Name
a bit obvious
Country
Dominican Republic
Gender
Male
Preferred Trading Style
  1. Day Trader
Preferred Trading Methodology
  1. Contrarian
  2. Price Action
  3. Retracements
Preferred Trading Instruments
  1. Spot Forex
  2. Futures
  3. Spreadbetting
Preferred Forex Currencies
  1. EUR
Preferred Trading Software (A-O)
  1. eSignal
  2. MetaTrader
  3. Ninjatrader
Preferred Fixed Odds Brokers
  1. IG Index
Favorite Trading Tip
It not how many point or pips you make. Its the Dollar amount. Fixed Stop losses won't work in any form of Day trading (apart from scalping with a 1 point SL). Example; SL always = 10, 5 or whatever. You must risk the same amount of money on each trade no matter the size of the SL. If $50 is 1% of your account, then you risk $50 on all trades that day. YOU can make 4-5% a day until u reach MAX Lots risking 1% a trade. In Day trading you must have a Stop Loss Strategy, u can use retracement zones not neccessarily Fibonacci, ATR periods, etc...JUst No Fixed Stop Losses.

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