Pedro's Journal !

[acceleratum]

Im back when the market wants me back
Also took entry on gold, pics when im home on Monday.

Thank you for your warm welcome !

[acceleratum]

[acceleratum]

exited gold slightly above BE, trailing the green bars, too soon exit? well see.
19:

[acceleratum]

GU exited with small profit trailing bars
18:

[acceleratum]

Rent EU
Figured it was time for the setup but went the other way, should have bracketed, unfortunately I dont have that in my plan.

20:

[immy]

How's the GU short going? fully loaded?

[acceleratum]

unfortunately no, this dumb bastard missed it, too caught up in work, not paying the proper attention to my trading =|

[acceleratum]

little profit on little fruit
1:

[immy]

You're trading fruit method incorrectly, or shall I say in your own way. but I have to highlight one important point. Fruit has a very low rate of success. but the few winners that it gets you are those that actually go well into stage 3. To benefit form this pattern there is a specific way of Risk Management that not just compliments but actually is required for this method to become substantially profitable in the longer term. Hence the smaller fruit with smaller profits won't make any difference in the longer term. Having said that your main complication might be that you cannot split your 1% or 2% risk per campaign into 3 positions. Essentially you build your positions that equals your total 1 unit Risk %age. so lets say your total risk ix X %. apply 0.25% to your fruit. 0.5% to your first add on and 0.25% to your 2nd add on, to complete your total risk % for the campaign. i know you kjnow it, but I thought I'll just repeat myself... have a great weekend

[acceleratum]

Thanks for the reminder, always easy to get lost on the way.. I do have some trouble adding on, the relaxed approach helps to do it properly, if I look too much at screen I end up screwing up, its been a slow process but Im hoping to get it right down the line!