Recent content by ivot

Thanks for your thoughts traderallen. Giovan, I have been adding the margin requirements to my max risk per trade but it sounds like perhaps I need to build in a bit more cushion for slippage.

Thanks for your feedback Traderallen. I'm curious as to why you think the fills on the demo account would be different then fills on a live account.

So over the last several months I've been practicing in real time, a trading approach that has been working quite well for me. Where I need some help now is making sure I'm understanding correctly the FX margin requirements and how they pertain to my trading approach. When I began practicing...

That's awesome. That would make my money management a whole lot easier. I spoke with expressTrade (now optionsExpress) and they told me FX and futures weren't allowed to be traded in the same account. Obviously they are wrong. Do you guys know of any other firms that do it?

Hey All, I was wondering if it was possible to trade FX and Futures contracts in the same brokerage account. My ideal situation would be to trade FX and Futures in the same account online with one of the big firms out there. So, if this can be done I would appreciate the info as well as the...

I guess it's all relative to how much draw down you can tolerate, risk profile, size of your account, trading approach etc. I know for myself that 5% is quite fine because on many of my losing trades I'm stopped out for a loss that is significantly less then the 5% of my account that was...

I think you have a pretty solid plan lurker. I wouldn't be risking 10% of the account on each trade though. It would be better to start out smaller and build up some history of of results. I would rather be in the 5% range...

I agree that watching virtual profits vanish can be hard, but I think the best way to 'lock' in a profit is still to trail a stop and let the market tell you when to get out. Otherwise you will miss out on the big moves that that can really make a trader profitable. Of course getting a stop to...

I wouldn't use a profit target if I were you. Those are artificial. You want to let the market tell when you to get out so you can capture bigger moves.

It looks like you are experimenting with my suggestion of trailing your stop above/below hourly price bars lurker. No matter what stop approach you use you are going to miss out on moves from time to time. It happens. I think the important thing is to have a consistent approach. The only...

I've been reading this thread with interest for awhile and this comment has caused me to jump in. I say that because it's taken me almost 8+ years to get to a point where I have a specific plan in place that's starting to bring in consistent profits. Your path seems very similar to mine based on...

I'm not overly crazy about this plan either. If you have a number of winners and you keep increasing the amount being risked, at some point your going to have a big loss. Conversely, if you keep decreasing your risk as your losses pile up eventually when you have a winner it's going to be pretty...

Martingale is too agressive for me.

Trader333, My post was to see if anyone had any money management strategies that might be better then simply taking a fixed % of whatever my current account balance might as I'm going into the trade. I feel my trading strategy is very solid and I anticipate that my 2:1 winning to losing trade...

LondonUSTrader, My stops (which my exits are then based off of) are determined on a trade by trade situation. So I'm not using some arbitrary number(s) to come up with them, they are all based off of whatever my current trade setup is. Based off that then, my exits are actually based off of...