Mr Cat learns to trade

This is a discussion on Mr Cat learns to trade within the Trading Journals forums, part of the Reception category; Originally Posted by robicat Thanks for the advice. As I have no idea what i am doing i will take ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Aug 12, 2008, 3:57pm   #36
Joined Sep 2004
Quote:
Originally Posted by robicat View Post
Thanks for the advice. As I have no idea what i am doing i will take ridiculous as a compliment. The nickles and bulldozers thing i didn't really understand. Anyhow.
What I meant is that you are constantly trying to make small amounts and risking getting stopped out all the time. Not really the market for this type of trading this week. Plus ultimately it's a mugs game in the long run anyway as spread cost AND market short term noise are both non negligible. You're just gonna blow your account slowly (or maybe even quickly) the way you're going.

GJ
__________________
"That which doesn't kill me makes me stronger"
GammaJammer is offline   Reply With Quote
Old Aug 13, 2008, 1:22am   #37
Joined Aug 2008
robicat started this thread I appreciate what you are saying I think. Still I'm up in my paper drill 3.5% and 1.3%, neither of which I see as great results.

Your probably right though.

Cheers Rob
robicat is offline   Reply With Quote
Old Aug 13, 2008, 6:13am   #38
Joined Aug 2008
robicat started this thread EURUSD

Buy 149.25 Stop 16 Risk 9 Sold at 21 loss 4
robicat is offline   Reply With Quote
Old Aug 13, 2008, 8:09am   #39
Joined Aug 2008
robicat started this thread In at 149.48 stop set at 38 risk 10

Pull stop back to 28 (price 56) Risk 2%

Move stop to 149.60 12 locked in (price 76)


Stopped out +12

Last edited by robicat; Aug 13, 2008 at 8:38am.
robicat is offline   Reply With Quote
Old Aug 13, 2008, 8:45am   #40
Joined Sep 2004
Why are you continually moving your stops?
__________________
"That which doesn't kill me makes me stronger"
GammaJammer is offline   Reply With Quote
Old Aug 13, 2008, 11:40am   #41
Joined Aug 2008
robicat started this thread To reduce risk. My plan is to be in the, market when it breaks. If it breaks and retracts it seems it will take out a long stop as often as a short one.

anyhow in at 148.75 stop at 50 2.5% risk.

Jammer you heckled me into a longer stop - lets hope I have got a bargain. lol

Last edited by robicat; Aug 13, 2008 at 11:46am.
robicat is offline   Reply With Quote
Old Aug 13, 2008, 11:42am   #42
Joined Aug 2008
robicat started this thread Anyhows jammer - how would you consistently turn $1000 into $1100??
robicat is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Safer way to trade the carry trade? PeterPG Forex 19 Aug 18, 2008 8:29pm
Best trade (in trade-hours) arabianights General Trading Chat 0 May 6, 2008 5:45pm
Opinion on a day trade or swing trade NH538DB8 Stocks 0 Mar 27, 2008 3:19pm
looking for future demo trade or free charting to paper trade?? doctrader Technical Analysis 3 Dec 3, 2005 3:07pm
Intrabar trade signals versus close of bar trade signals JTrader Technical Analysis 13 Nov 30, 2005 12:26pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)