long dax at 9500
stop at 9485
U got a link for his thread
http://www.trade2win.com/boards/gen...-daily-profits-losses-show-tell-new-post.html
On reflection, a live call is the better option, than the viewing of statement of activity, here, your "heads on the block", you state your position good or bad. 👍
While we're sitting waiting, this is a quality read!
http://www.independent.co.uk/news/p...ublicity-stunt-leaves-him-hungry-9930135.html
Short DAX 9530 (non system trade), very tight stop 9535
So - back on Demo today.
Go long Dax at 9499 - forget about trade - walk around the office drinking coffee,
back to desk to see I am +50 points.
Hold that thought.. now only +25 points
I am not sure what I am learning on demo, except that I am crap on live!
For whatever reason you took the live call @ 9499, it matched the criteria you had set to enter a trade, that says you are doing something right. Perhaps backtest that system, and then move forward with an acceptable Risk/Reward and maybe a trailing stop and walk away from the trade and let it pan out. If you can get R/R of 1:5 to 1:2 with a 50% success rate, your a winner.
I have looked back at my trades since last week (55 trades with a win ratio of 65%) so IF I can sort out my R/R I will be much happier!
It does prove the old adage that the win ratio is not as important as the profit!
i believe it 2 😉Bit bored waiting for US open, so had a read of a thread about showing trading statements rather than doing live calls, Kudos to Mr Fox, a walking money maker, amazing consistency and wonderful bottom line, banked over £5k today on DAX & FX and thats not a one off. 👍
RIO/BLT both down 2.4%+ in London. looks fake