So I survived the first week of Calculus!
and as well I made some serious pips buying Yen, and CAD (~1100 pips to be exact).
Finding that when I stick to the rules, I make the money.
Working on MM strategy now.
Thinking No single trade over the size of the account managed.
ie.
$10 000 account @ 40:1, I trade $10 000 lots per trade, which is $250. I cover 7 pairs, so if I have a position in each that's 17.5% utilization of leverage.
If I have a 50 pip draw down per trade, and a 100 pip topside per trade thats:
(-$350) draw down a month or +$700 upside (-3.5% to +7%) which I consider a very good monthly return.
anywho, its a work in progress.
Saturday, September 19, 2009
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