momothebored
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Hello
errrmmm... having some problems understanding this.
Fantastically busy these few days, so intending to start paper trading FX etc later in the week. New to FX trading, sorry if this is a silly question.
Assumptions:
Trading capital: $100,000
Methodology:
% of equity risked per trade: 2%
Minimum Reward / Risk: 2:1 (4%: 2%)
Accuracy: 50%
Let's say i trade .. 15 minute charts (random number) for 8 hours a day.
In any given day, I get 10 opportunities.
Of these 10 trades,
5 work out (50%) accuracy --> I make 4% x 5 trades x $100k= $20,000
5 end badly and trigger stop losses --> I lose 2% x 5 trades x $100k= $10,000
Net: +$10,000.. (?)
How is this possible?
The statistics of the setups and methods I put forth really aren't that difficult right?
You can't possibly be making +10% / day with a mediocre model, right?![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
errrmmm... having some problems understanding this.
Fantastically busy these few days, so intending to start paper trading FX etc later in the week. New to FX trading, sorry if this is a silly question.
Assumptions:
Trading capital: $100,000
Methodology:
% of equity risked per trade: 2%
Minimum Reward / Risk: 2:1 (4%: 2%)
Accuracy: 50%
Let's say i trade .. 15 minute charts (random number) for 8 hours a day.
In any given day, I get 10 opportunities.
Of these 10 trades,
5 work out (50%) accuracy --> I make 4% x 5 trades x $100k= $20,000
5 end badly and trigger stop losses --> I lose 2% x 5 trades x $100k= $10,000
Net: +$10,000.. (?)
How is this possible?
The statistics of the setups and methods I put forth really aren't that difficult right?
You can't possibly be making +10% / day with a mediocre model, right?