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Been on demo with this for about a year, all the while been trying to find a reasonable money management plan. Now have just started live with it, so this is my way of making sure I'm 100% disciplined because I shouldn't blow another account again. The first one has taught me very valuable lessons.
I have already made my 50 pips for this week. First try was on Monday, but it hit my stop loss at breakeven. So last night it was short and 50 pips was made.
Could you post your progression schedule. I am wondering how you handle your progression if you lose 2 in a row, three in a row, etc. Thanks in advance.
I have a table of that put up on my journal website, in the money management section. Thanks.
Quote:
Originally Posted by hoss
La,
Could you post your progression schedule. I am wondering how you handle your progression if you lose 2 in a row, three in a row, etc. Thanks in advance.
Hi all, the system have been doing alright. Most weeks were good, there was some bad runs where I didn't lose, but just took a little more patience.
Ever since I start back on my 2nd live account on 25 July 2008, my starting balance was $3780. Today, 19 September 2008, it's $4067. I've made $287 so far, that's about 7.6% in 8 weeks.
Might not be alot compared to other systems, but from the heartache of watching the first account dwindle, I'm glad to finally be on the steady way up, no matter how slow.
Linear Mode
