Recent content by MJGrae

It really depends on what you've calculated your probability of being in profit to be. If I have a 90% chance of having a profitable trade with a positive edge over all market conditions I would likely risk 5% and just rake it in. Others would probably do more than that if there really was a...

I use my stop loss as a way of structuring my trade from the very beginning. When I develop a strategy, I collect an inordinate amount of data around every single set-up/entry that I find during a certain time period. From the entry signal to the exit signal I will track how many ticks against...

I keep my goals centered around execution, as well as coming up with new strategies. Profit targets are tricky, as has been mentioned before, because it can contribute to the kind of mindset that gets you into trades that you shouldn't take. I try to develop 2-3 new profitable strategies every...

Howdy! Howdy all, I've been trading currencies and stocks on and off for a couple of years now and I figured I should really spend more time learning from others as well as contributing some of the things I've learned the hard way over the years. I currently work as a clerk for a treasury...