Good morning all,
Gunther I think you may be over exaggerating about 8% loss every other week. Since our big DD from 17th Aug and employing our new risk lot sizes we have made very good gains. We are in fact up 8% (even after taking the losses on friday). Sep Update.jpg
shabbarjuma We have fully stuck to our rules and trading style. This is our trading style, we are expected to hit one of these hits once in awhile.
Trading is a long term investment. We believe our style is profitable and will generate the long term gains we desire. It is up to you to decide if you want to come along on the journey or not.
alexgrote Yes taking an 11% loss on friday did sting a little bit. But we felt that it was necessary to take the loss and move forward. As I have said earlier, we have clearly stayed within the pre-defined risk and exposure. We have made decent gains with the new lot settings ~8%. There's no need to be frustrated. You can always contact me via ST or emails, and I can answer any questions you maybe have. I just didn't know there was that many people still following this forum. I guess from now on I can try and make a weekly update after friday session close. Our new max open DD limit is 30%, but we will not likely to reach that as we have been cutting our loss much earlier 10-15%.
Abhi Trivedi Sorry I do not know what that is, so I can not give you any advice on that.
oportunis thank you for pointing our about the risk reward ratio. Yes we are working on it. We have decided to try and implement the use of some SL & TPs. Instead of taking 10% loss at once for a few trades, we will break it up into roughly 0.5-1% each trade and see how it goes. By doing it this way, we will likely to be trading a little bit more aggressively from now on.
Cliff Note:
Kind regards,
Hardy
Gunther I think you may be over exaggerating about 8% loss every other week. Since our big DD from 17th Aug and employing our new risk lot sizes we have made very good gains. We are in fact up 8% (even after taking the losses on friday). Sep Update.jpg
shabbarjuma We have fully stuck to our rules and trading style. This is our trading style, we are expected to hit one of these hits once in awhile.
Trading is a long term investment. We believe our style is profitable and will generate the long term gains we desire. It is up to you to decide if you want to come along on the journey or not.
alexgrote Yes taking an 11% loss on friday did sting a little bit. But we felt that it was necessary to take the loss and move forward. As I have said earlier, we have clearly stayed within the pre-defined risk and exposure. We have made decent gains with the new lot settings ~8%. There's no need to be frustrated. You can always contact me via ST or emails, and I can answer any questions you maybe have. I just didn't know there was that many people still following this forum. I guess from now on I can try and make a weekly update after friday session close. Our new max open DD limit is 30%, but we will not likely to reach that as we have been cutting our loss much earlier 10-15%.
Abhi Trivedi Sorry I do not know what that is, so I can not give you any advice on that.
oportunis thank you for pointing our about the risk reward ratio. Yes we are working on it. We have decided to try and implement the use of some SL & TPs. Instead of taking 10% loss at once for a few trades, we will break it up into roughly 0.5-1% each trade and see how it goes. By doing it this way, we will likely to be trading a little bit more aggressively from now on.
Cliff Note:
- Took 11% loss last friday
- Still up 8% since new risk settings (17th Aug)
- Weekly forum updates
- Testing out using SL for future trades
Kind regards,
Hardy
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