Recent content by Revorocks

Just caught up on this thread. Painful to read. I am sure this thread will go down as a textbook example of what not to do... wabu I really hope you come to your senses and stop trading like this soon. It can only end one way as you have been told over and over and over. Sure you will have...

Not quite sure what you mean there. A stop loss is free? You only pay for the spread on spread betting. You might mean guaranteed stop loss? In which yeah there is a charge for those. Most people don't use them though.

Well said, a trading plan is extremely important IMO. Another thing about account size, smaller accounts can be harder to trade carefully, especially if you don't care about the amounts. It doesn't feel meaningful to be trading a £1000 account, making £30, £60 here and there etc. This can make...

I usually aim for 1:2 or greater when initially taking the trade. I enter on a 4Hr trend pulling back and resuming and take some profits around the swing high/low. I'll take 1/2 the position off at 1/2 or the swing high/low of the last pullback and then hold the rest as long as I can. Some go...

I do get what you say, however there are lots of different ways to trade. Mechanical, discretionary, high frequency, a mixture of discretionary and mechanical, different timeframes etc. I do agree you need to be adaptable, but surely that does not apply to every single system. Maybe lower time...

I understood the question as would you be happy with 15% return a year. Not would you be happy to execute one strategy that returns 15%, however your overall return can be much higher... Of course you can employ multiple strategies as long as you seperate the accounts so the drawdown is...

Yes, I am happy to keep on using said instrument, and if the market conditions change then yes my wins and losses will change. But that isnt the point. You never know what the market will do, you can't control that part. We can only use the past data and try to apply that to the future. You do...

The thing about technical analysis is its just a tool. Say you need to do a task. there might be 1000 different ways to do said task. Some ways work well in one instance, but not well at other times. A different technique might work well when the other one didn't and vice versa. Its the same...

No problem. If you're going to invest, then just invest an amount you can afford to lose and won't **** you off if he does. I invested in someone I know, they are a friend but not a close friend and chose an amount I was comfortable with losing. So far its worked out very well, however even if...

Are you still trading mate? Havent had an update for a few months, hope the account is ok

I would not be happy with 15% a year. Unless the account is very large its a pretty poor return, certainly not enough to live off. You can achieve far higher returns than that with a good strategy and proper implementation. 15% a year, risking 2% with a 10-20SL is only 150-300 pips a year...

Most of the brokers I use don't allow you to withdraw to any account othere than the one you funded it with. Hence it would not be possible for whoever else is trading the account to steal your money. Honestly, I would not personally mix money with friends, especially large sums. It almost...

Spikes are annoying when they happen, but they happen. I prefer to use a hard stop rather than a mental one because it would really harm my account if what I thought was a spike was actually a huge rally... If I get stopped out due to a spike, I will just leave it at that and wait for the next...

That is the confidence that a well thought out and backtested trade plan (that you make and do yourself) gives you. Out of interest, how do you go about your backtesting? And how long has it taken you to build this strategy and test it/find profitability?

Amazing thread mate, keeping an eye on this one. Hope it works as well as it been so far. Bring on 2016 :)