F any answer on that, if you get a chance.
Thanks
the question -
F, a quick question please.
Having read a fair bit more of your threads, I note that you had a downswing when you traded your highest stake, happens a lot believe me.
Do you feel that at your current stakes allows easier access to and from the market and if your stakes were much higher that your scalping in particular would be hampered by a lack of liquidity/platform access?
If so what stake/level would you feel is optimal for ease of trading without this issue?
As you seem to have a lot of experience with many providers, are they all similar in facilitating as above?
Thanks and appreciate you will be busy most of the day, so happy to get a response whenever.
Hopefully I will try to contribute when I feel I am more up to speed.
Enjoyable reading and spectating for me, thanks.
Nick
Hi Nick
OK - how i trade basically nowadays is based on the PPND principle - but without the ND bit -
ie PPND - means
Pyramid and Peel but Never Dump
So i enter a scalp on 100% stake size - which can be anything from just 3 lots to maximum nowdays - if i am well up with wins and pips is 10 lots - per pip
Once in the scalp - i exit either a full 100% if its not going my way for over 7 pips - or exit 70% stake and keep 30% on with a stop above entry and in a small profit
i will then pyramid and peel if that trade last more than say 30 -60 mins
Adding more scalps on - ( can be in both directions ) at 100% stake and then dropping to 30% stake again
I could and did yesterday end up taking 8 scalp buys with then about 6 x 30% stakes left on with 6 amounts of 70% stake banked yesterday in the move after the FOMC announcement
i am a chicken in reality
i know my financial wall or psycho point - and no longer attempt compounding and try and trade over 20 or 25 + lots - like I did 5 yrs plus ago
I was uncomfortable
On 3 -6 lots per pip - I m comfortable - ie I can treat my platform as though its on demo and i am playing a video game etc etc
Over 15 -20 lots i would have the sweats and feel uncomfortable and then 3 or 4 losses on the row would flip me
4 losses or more on just say 5 lots - i can handle and have done for well over 10k live trades
With regards to size - when I was trading over 20+ lots in a non ECN broker - it could take 30 to 60 secs to get the trade on - i know silly - but that was the broker wanting his cover in those days
i am told 20 to 50 lot size per pip on a ECN broker should be just as quick as a 5 lot entry
I dont know - have not tried it with a ECN / STP broker
Would love any traders who are retail and do over 25 lots to let me know if they have problems
But with regards under 5 lots - it can be as quick or even quicker sometimes then trading with just $5 a pip - all depends on when you are entering and how busy etc the market is
i hope thats answered your question - if not please explain more on any part i have not mentioned etc
Good Trading
Regards
F
