My Bat from team aphid trades - Page 2
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Thread: My Bat from team aphid trades

  1. #11
    MY MONEY MANAGEMENT STRATEGY

    I Began with Grade 1 - $1000

    after $125 in gains by risking $25 per Transaction....

    Grade 2 - I add $750 to make my accounts balance $2000

    after $250 in profits by exceeding $50 per trade

    Grade 3 - I add $1750 to make account balance $4000

    after $500 in profits by exceeding $100 per trade

    Grade 4 - I add $3500 to make account balance $8000

    after $1000 in profits by exceeding $200 per trade

    Grade 5 - I add $7000 to make account balance $16000

    after $2000 in profits by exceeding $400 per trade

    Grade 6 - I add $2000 to make account balance $20000

    after this point, I won't add any more of my own money to my account. If account balance falls below $ 10000, I will give this up egy. So 50 percent drawdown. Level 7 level 8 and so on would be essentially I will hazard 20% greater If I have 20 percent in profits. And keep increasing that way. I invest it and will take out 40 percent of my profits of the month every month. Additional 60% will be reinvested....of that 20 percent is counting towards tax payments in the end of the year.

    If at any level, I have 10% approximately drawdown, I will go back a level. That way my position decreases on a drawdown to protect my funds.

    My goal is to move up one or two levels a month.

    Lets see if I can reach a million bucks!!!!! You'll Be the first to know

  2. #12
    Quote Originally Posted by ;
    MY MONEY MANAGEMENT STRATEGY

    I started out with Grade 1 - $1000

    Following $125 in gains by Devoting $25 per Transaction....

    Grade 2 - I add $750 to create my account balance $2000

    after $250 in gains by risking $50 per commerce

    Grade 3 - I add $1750 to make account balance $4000

    after $500 in gains by risking $100 per commerce

    Grade 4 - I add $3500 to make account balance $8000

    following $1000 in gains by risking $200 per commerce

    Grade 5 - I add $7000 to make account balance $16000

    following $2000 in gains by risking $400 per commerce

    Grade 6 - I add $2000 to make account balance $20000

    following this point, I will not add any more of my money to my account. I will give this up egy when account balance drops below $10000. So 50 percent drawdown. Level 7 so forth and degree 8 would be basically I'll risk more that are 20 percent If I have 20 percent in gains. And keep increasing that manner. I shall take out 40% of my gains of the month each month and spend it. Other 60% will be reinvested....of that 20 percent is counting towards tax payments at the end of the year.

    If at any degree, I've 10% or so drawdown, I'll go back a level. That way I decrease my position on a drawdown to protect my funds.

    My purpose is to move up one or two levels a month.

    Lets see if I can reach a million dollars!!!!! You'll be the first to know
    Are you using micro heaps?

    With mini tons your risk would be much higher than $25, particularly when you have to add to the place on fib amounts

  3. #13
    Quote Originally Posted by ;
    Are you currently using micro heaps?

    With miniature lots your danger would be much higher than $25, in particular when you must add to the place on fib levels
    I use oanda, and in oanda 100 units is just 1 cent per pip. So If we've loss stops, I simply buy/sell units that are 5000 to make 1 pip . My focus is constantly on danger (in terms of dollars) per place. Hazard per position is $ 25 then, and if I want reduction stops I buy 10000 units to make 1 pip. Hope that makes sense.

  4. #14
    Trades from yday and today

    Short entry 1.9995
    05-01 1600
    Exit

    05-03 0800 1.9913

    82 pips gain

    Extended entry 05-03 0800 GMT 1.9913
    Extended Entrance 1.9900 Time I forgot

    Extended entry 1.9891 Time I forgot

    All of them stopped outside for loss in 1.9883

    Current account balance after these positions: $1036.10

  5. #15
    I think to make this thread informative, I'll cover different regions of trading too. . .that will be system choice, plogy etc....

    once I try to follow this Bat method by Team Aphid, many times the cost will probably be similar to 200 pips in my favor but the index will be so far behind....that I get nervous and try to just shut the place there and then. 200 pips profit....wooowwww....too great to take care of. As I'm utilized to just seeing pips of the time. But then I remember the advice from so many traders here and also my mentor rob booker....just follow this machine. Follow the ssytem. What helps is try to think about the consequences of not following the system, the disappointment in the eyes of my wife. . .and that motivates me a great deal.

    The pleasures associated with following the machine to the T

    Personal charter airplane
    Freedom to what I need
    being the richest in the family
    demoning to hundreds of ppl who stated this is hopeless

    The Pain associated with not following the machine

    Account washout
    I MIGHT have to Search for a J.O.B
    humiliation that I couldnt prove that impossible is possible

  6. #16
    Great idea to post those ideas. I believe that it will help you.

    Another important thing about not following a system is that in case you deviate from the rules of that system then there is not any way you may anticipate similar results for those backtested.
    For me this is one of the hardest areas of subject and I have to always work with it!!!!
    Good luck!

  7. #17
    Quote Originally Posted by ;
    Great idea to post these ideas. I think that it will really help you.

    Another significant thing about not following a system would be that if you deviate from the rules of that system then there is not any way you can anticipate similar results to those backtested.
    For me this is one of the hardest areas of discipline and I must continuously work with it!!!!
    Good luck!
    Great point. Thanks. Additionally, posting my accounts worth and trades here makes me stick to my committment.

  8. #18
    Here are the trades with time in GMT for Thursday and Friday

    Short Entry 1.9883 Stop loss 1.9956 05-03 1500 GMT

    Stopped out for reduction in 1.9903

    Pips - (-20)

    Account Value - $1029

    now there is one commerce available

    Long entry 1.9902
    Cease loss 1.9832
    Its now positive about 20 pips. still open.

  9. #19
    Today I got to thinking about one hurdle I faced sometime back when trying to be edued about trading. Its the problem of immediate gratifiion. We live in a society of 60 second lunches, immediate credit of $20k etc. . .so when we do something right, we feel like we will need to find the result right away.

    I recently read somewhere about hwo they train race car drivers. Among the very first lesson they teach them is to focus on the street. You see when you begin spinning out of control....the trainer trains your attention to focus on the street. . .if u follow ur instinct and attempt to keep taking a look at the wall. . .guess what, you will crash into the wallsocket! You see, there is one profound rationale why we do this....because even if steer in the right direction....there is a bit of lag time between steering right and the car correcting in the spin. Since we dont see the result of our activity right away, we might begin fearing the wall and crash right into it. Trading is the same manner, once u start trading right...i.e. direct and concentrate in the right direction. . .there might be couple of months before you begin seeing the results of your activities. The best way to motivate yourself during that lag period is very crucial.

  10. #20
    Another trade closed just now....

    Long GBPUSD entrance 1.9902 05/04 1300 gmt
    Stopped out at 1.9935

    Account balance - $1041.1

    I am hoping I get my 125 bucks in profit that month so I can move on to level two of my cash management ladder.

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