[emg]

My stop is based on 10% of my risk capital. For example, let say i have $40K in my risk capital account, my risk management will be $4000.

[emg]

feel free to post trades in this thread. this is what the thread is all about. posting trades

[emg]

plan on going long 1160.50

[emg]

filled at 1160.50. looking for 1pt profit target

[brownsfan019]

Originally Posted by emg »

My stop is based on 10% of my risk capital. For example, let say i have $40K in my risk capital account, my risk management will be $4000.

So... On your example, you are risking $4000 to make $50?

[emg]

1 point profit. i was barely filled

[emg]

Originally Posted by brownsfan019 »

So... On your example, you are risking $4000 to make $50?

Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher.

This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math.

There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

[sevensa]

Originally Posted by emg »

Because I be adding contracts if the market goes against me to average my price. let me give u an example on today trade. i went long 1160.50. if the market contiues to fall, i plan on adding at 1155.50. that will drop my average price to 1157.50 and move my 1 point profit target to 1158.50. The odds of hitting my profit target at 1158.50 vs 1161.50 is higher.

This approach may seems risky but i always believe the market must correct before continuing the trend. In order to lower this risky approach, i do not enter at any price. I could have enter at long 1164.00 instead of waiting 1160.50. At that time, i believe that the bear market is still strong and decide to enter at 1160.50. Its all Math.

There will be time that i be adding 3-4 contracts. I do not believe placing stop because big fund managers can enter a trade 5000 contracts and wipeout many small account traders. By the time big fund managers wiped out many small account traders, they take profit or the market is correcting. Therefore, I need room for the market to correct and may need to average my entry price if needed to which is why my risk management is based on percentage and not stop order

You don't need to worry about a big fund manager wiping out your account. By following your approach, you will do it yourself.