With a big grid trade - I lose my account, its as simple as that.
THAT WHY I RARELY TRADE THIS WAY - GREED IS DANGEROUS
So,
1.. I place $5K in a account and trade with a big grid formation.
2.. Stop loss is at break even then a second Hard stop loss is placed at around 300 pips ( Account gone if I'm lucky).
3.. I open a second account, place $5K and place a grid formation trade orders in the opposite direction.
4.. I may need to add addition capital because of margin will out grow account.
5.. Never bet against the US currently.
6.. Do not hold large holding over weekend.
There is a far safer way to trade with multiple orders with less risk and regular steady income provided.
But a big grid is fun occasionally
- Forums
- Forex
- Forex Monthly Trading Thread and setup ideas
Forex Monthly Trading Thread and setup ideas, page-2719
-
- There are more pages in this discussion • 700 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)