I can understand what you have been going through and believe me i've been there. I hope you got the signals today all targets hit with in 3-4 hrs (wish it could be like that every day even with the yucca's)
Anyway Dave once again i thank you for posting and i wish you all the pips in the world you
will get there.
Keep in touch and all the best xSPACECOWBOYx
Don’t let your victories go to your head, or your failures go to your heart.
The most difficult thing with a small account size is the need to protect your account at all costs. This means you have problems with the physcology-taking profit too early, setting stop losses too tight etc. At least these were the problems I had. I had to back test and demo for around six months before I had complete confidence that overall my system would be profitable and was in my comfort zone of position size, drawdown and losses. Once I was happy with these things then the wins could come. You need to decide what you are comfortable with and then maybe fit this around the signals. 2 lots going for fist profit target for instance until your account has grown to a size where two days of losses isn’t going to slaughter your account. Also you could wait until my price is hit and wait for the retrace to get in at a much better price (but my price must be hit first).
Hi David
Thanks for your email. I really appreciate someone getting in contact. It can feel like I’m out here on my own sometimes. Costa Rica-wow-I am nowhere near as exotic. Sunny old England so I trade the London breakout. I post my trades between 6am-7am GMT. I’m glad you are having some success with my strategy. In trending markets it works really well but in a sideways market you need to use your discreation and take profits when you can or at least move to breakeven as soon as is reasonable. I’m looking to win 7 out of 10 trades maximising profits and reducing losses. If I find myself in a sideways market I consider breakeven a winning trade. I try to post when I move to breakeven or if I take profits early but sometimes the market is moving so quick I don’t have the time.
