Thinking out loud...
Now, if I had kept some long term trades cooking from late October,
whistling
I had positions on GBP/JPY at 160 and the price last night dipped to 138.
That's 2200 pips right there buddy!!!
.1 mini lot= $2200 US
.2 mini lot=$4400 US
1 lot = $22,000 US
2 lot = $44,000 US
And if I had a short position from late September at 198 til the dip last night at 138, it would have been 6000 pips. And I would have kept a short position from November 2007 at 238 that would have been 10000 pips.....
And so on, and so on...
Now, I would have taken partial profits, of course on the way down, and left possible a .2 mini lot on, that would probably have been what I could do.
I'm angling at looking for Monthly positions and moves over a quarter or 1/2 year, possibly. The only issue is Stops along the way, I'll have to calculate my positions and how much is needed to fund the account.
My basic calculation is about $2,500 to open one .1 mini lot position. Basically, around 4% of the account.
With 1 standard lot size, around $25,000 per open position. I'm trying to be conservative with my risk exposure.
I'll be mulling over the benefits and possibility of really long term trades with positions closed with a minimum monthly time frame...
:?::?::?: train of thought to be continued....
