100 trades

This is a discussion on 100 trades within the Trading Journals forums, part of the Reception category; Originally Posted by sonofcablemonster GL with it. What are you doing for risk control? fixed stops/target? random/discretionary/volatility? Getting in at ...

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Old Feb 6, 2014, 4:01pm   #301
Joined Jun 2012
scholfield started this thread
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Originally Posted by sonofcablemonster View Post
GL with it. What are you doing for risk control? fixed stops/target? random/discretionary/volatility?
Getting in at random pre-determined levels.
Stops always tight.
Exit discretionary, but I aim to try to hold the trade if it's winning for at least as much as my stop loss.
I know it's just luck, but it has been a bit of an eye-opener.

Before, If I had have gotten 4 straight winning days, averaging 50 odd ticks per day with fairly tight stops using some new charting method, i'd have thought i'd stumbled upon the holy grail!
That it's been done with random entry is kind of disconcerting.

Last edited by scholfield; Feb 6, 2014 at 4:01pm.
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Old Feb 6, 2014, 4:33pm   #302
 
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Originally Posted by scholfield View Post
..................That it's been done with random entry is kind of disconcerting...........

Shouldn't be disconcerting - you're proving the importance of money management in the overall scheme of things.
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