MoneyTec Traders Community Forum - View Single Post - Trade Like a Dealer: (And Avoid Death by a Thousand Stops)

SimSpeed · 09-02-2005, 16:13

Has anyone here ever seen a 400-700 pip run with no 25, 30, 50 pip retraces? Not likely. Can you absorb a similar dd and make a profit, such that you don't have to throw your cash away on a 500 pip S/L? With a well tested trading plan and controlled money management I believe it's possible with half the equity discussed earlier.

That's the approach several people including myself are testing Here . I will definitely have some trades that carry beyond 500 pips but that doesn't mean I'm not making money and growing my account and margin on the way down. You don't carry everything to -500 (just and example), you continually scale in and scale out as price fluctuates even in a strong trend. The occasional good run can clear almost if not all you load and start you fresh again 4 -5-7 hundred pips down the road.

09-02-2005, 16:13	#18
SimSpeed Money Management Join Date: May 2004 Posts: 327 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Trade Like a Dealer: (And Avoid Death by a Thousand Stops) Has anyone here ever seen a 400-700 pip run with no 25, 30, 50 pip retraces? Not likely. Can you absorb a similar dd and make a profit, such that you don't have to throw your cash away on a 500 pip S/L? With a well tested trading plan and controlled money management I believe it's possible with half the equity discussed earlier. That's the approach several people including myself are testing Here . I will definitely have some trades that carry beyond 500 pips but that doesn't mean I'm not making money and growing my account and margin on the way down. You don't carry everything to -500 (just and example), you continually scale in and scale out as price fluctuates even in a strong trend. The occasional good run can clear almost if not all you load and start you fresh again 4 -5-7 hundred pips down the road.