|
Quote: |
|
 |
|
|
Has anyone ever thought about a Martingale (=if you lose you double your position the next trade) money management?
In the long run it seems a bad idea due to the possibility of a losing streak and you can't keep adding contracts.
What if you combined it with a strict daily money management? Let's assume the total maximum loss you will take is X and your daily goal is 2X or more. |
|
|
|
|
I have considered it and the allure has attracted many others too. Interesting reading on another forum (Forex)and it seems to possibly work if extremely tight criteria are observed.
1. Trading micro lots on a basket of FX
2. Removing profits from accounts on a regular basis
3. Looking at historical volatility and acknowledging that days where there can be a move of 300+ pips without a retrace.
Far better to take small hits and ride the winners in my opinion.