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Old 12-17-2006, 09:56 PM
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walterw walterw is offline
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Cool Re: 15 pips to a FORTUNE

In general terms trading is a bussiness of RRR (Risk reward ratio ) where your risk has to be at least 1/3 of your winning potencial.... so when you take a trade you have to take into acount where is your stop vs where is your "basic" target... if technically your target is small in relation to your stop level then you dont have a good RRR on your position.... many people loose money because they dont understand the fact that there was no enough potencial on their trade vs their risk... taking small stops its not a problem if you had Potencial of gains on your trade... the problem is taking 1,2,3,4 uuups small stops and then when you take a good trade you win the same you lost on 1 stop.... there you have a big problem you are -3 on your performance... :p now... just about any techniche has whipsaws included on their trading plan... like it or not even the holy grail has whipsaws... so you have to get cool and friendly with the whipsaw fact and complement that having a good trailing sistem for your good trades staying inside as much posible.... does trades will finance your whipsaws and hopefully will make you a + diference... (maybe the 15 pips) if you dont trail a good trade you are most probably not going to make it.... cant finance your business with so small profits... need good trailed trades to make this bussiness posible... now good news the market does trend.... so if you have good tren definition plus good timing plus good trailing + +++ dicipline, actitude , perseverance, patience, dilligence, technical skill, trading skill, etc etc you can make possible what our friend herewants to make.... 75 +net pips per week.... not imposible... just remember the fact of RRR on the entire picture... its live or die... non-experienced traders dont loose money on one trade... they loose in too many stops vs to small gains on some good trades, what is needed is : several stops vs several great trades... thats how it works.... cheers Walter... and yes you can make finally 15 pips to a fortune ¡¡¡

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