abham:
You can actually use the 0.01 on assets that have a minimum of let’s say 0.3 for example.
The lot size you will use will be 0.31, then when you go to close the trade, close 0.3 and you will be left with 0.01.

In the photo attached, boom 500 minimum lot is 0.2 but I opened a sell 0.21. Where the blue cursor is with 0.21, clean the 0.2 and you will be left with 0.01.

Thanks man. Needed this

Crumbian:



Yes. Realised I probably wouldn't have lost that much yesterday if I had used that 10 points you recommended yesterday.

Seems if your stop loss is too tight when the spike comes, deriv won't even bother to calculate your actual loss, they'll just take the margin. Smart guys

@abham made a genius suggestion on managing your lot size.

do well to follow that for buys on crash 1000...you can enter with 0.30 then close 0.20 lot size immediately after entry

That way, with stop loss of 10 pts, even if it overshoots, you may lose about $1-$1.5 max

Geovanni412:


@abham made a genius suggestion on managing your lot size.

do well to follow that for buys on crash 1000...you can enter with 0.30 then close 0.20 lot size immediately after entry

That way, with stop loss of 10 pts, even if it overshoots, you may lose about $1-$1.5 max

You know, I was thinking of the same thing. Place a trade with 0.20 lots and close 0.10 lots immediately.



Hopefully, one will not be unfortunate to get a huge spike immediately after placing the trade.

Oil is not risky.imagine gold moving this much.profit will full ground

I said it here yesterday.profit will choke if gold make this move.profit taken already and I still have trade running.

Geovanni412:
@Crumbian,

Here's what can happen if you reduce stop loss to 2 points on crash and boom and it goes against you

Risking $1 on demo acct, I hedged a position by going short and long.

See the result below...market overshot the stop loss by a far distance

This is why I said for risk:reward reasons...dex index is better unless you decide to focus only on catching the crash in crash index and get a system for doing that only.

Just going through your quotes again. Thanks for the info man.

At the bolded, are you saying that the strategy in that video works better for dex indices? I added it and I don't really get it.

Crumbian:



Just going through your quotes again. Thanks for the info man.

At the bolded, are you saying that the strategy in that video works better for dex indices? I added it and I don't really get it.

Good you asked,

After testing scalping on dex index, i'd advise you run far away from it if you want to scalp

Dex index is for day trading and not for scalping


Scalping on it will kill it will kill your acct faster than crash index if you use that 10 pts stop loss because a single bar on dex index can go 100 points against you in 5 minutes.


Just focus on crash and boom with the strategy in the video and normal chart reading for scalping.

Then apply the risk mgmt system

Geovanni412:


Good you asked,

After testing scalping on dex index, i'd advise you run far away from it if you want to scalp

Dex index is for day trading and not for scalping


Scalping on it will kill it will kill your acct faster than crash index if you use that 10 pts stop loss because a single bar on dex index can go 100 points against you in 5 minutes.


Just focus on crash and boom with the strategy in the video and normal chart reading for scalping.

Then apply the risk mgmt system

Again, thanks. You've been very helpful.

Been holding to us30 since yesterday.it got to profit and loss.it was $1359 profit 1hr ago but seems it want to range and I got no time for ranging marketso I close it here.let see what cadjpy got for us.

randy01:
Been holding to us30 since yesterday.it got to profit and loss.it was $1359 profit 1hr ago but seems it want to range and I got no time for ranging marketso I close it here.let see what cadjpy got for us.

Us30 is bastard see movement

Cadjpy is moving nicely from my post view hours ago.

Early morning slap

Today is ranging day.

Would have trade with riskier and crazy Lot sizes today but market is ranging.bAnks are on holiday no liquidity to move market.i would like to take this advantage.

Promise myself to withdraw something this week no matter how small.let me make myself happy

I deposited via crypto and withdraw option was only in crypto.so I withdraw from deriv to binance and I just sell P2P to my account this morning.

randy01:
Early morning slap

This guy range throughout yesterday giving me profit and loss but I hold on to it.fundednext competition account is still running while TFT competition account throw long wick from nowhere to stop me out.that wick happen only on their platform not even on tradingview or any other broker

randy01:

This guy range throughout yesterday giving me profit and loss but I hold on to it.fundednext competition account is still running while TFT competition account throw long wick from nowhere to stop me out.that wick happen only on their platform not even on tradingview or any other broker

And this trade later reversed and hit my stop loss then reverse in my direction but no shaking.there is plan for it next week.wish I got time since the beginning of the month.i would have advanced on my competition account.i started last week wednesday.the plan is to ensure I enter within 600 position next week.maybe I may be among 50 lucky winner of 6k account

Busy week ahead.lead me God

You are doing great.

Crumbian:



Thanks man. Needed this

I hope you get more gains.

[

randy01:

Respect bro.wish I knew this earlier.i open this thread for more knowledge like this.i would try this when am ready to trade volatility again.
I would focus on Forex for now.special thanks bro

Man, i'm no genius, i just did a google search. You actually do more of a genius contribution than i will ever do with your analysis.

quote author=Geovanni412 post=127061750]

You're a genius for this..oil dey ya head

@crumbian, work with this for ya risk mgmt if you must go with crash and boom

[/quote]

Cost of doing business

GabsonFX2:
I don't know your trading style
I don't know your trading strategy, but
I know your risk/money management just from seeing this; it's not good.
I know your trading psychology just from seeing this; it's not good

This is just a competition account which am trying to use it to get a 6k account reward with funded next and it end in 30 days.
On my normal $10 account.i don't open more than one position with O.1 which help me to lose $2 when am wrong.i make $5 or more when am right.you can scroll up for evidence.i can't do this on personal account.am not a risk taker which is affecting me.if am a risk taker.i would have gone far.

But thanks for stopping by and the advice.

Yesterday is not funny but the loss as being recovered.

This make me remember when I use to look for holy grail strategy without loss.it took me a while to realise it doesn't exist. that same strategy that bring that loss on Monday is the same strategy that brought back the loss and double of the loss.

Can i trade with $17 in my FX account and make profit fear hasn't allowed me to enter a trade for the past 5 month since i crashed my $50 account into $17

Lavida486:
Can i trade with $17 in my FX account and make profit fear hasn't allowed me to enter a trade for the past 5 month since i crashed my $50 account into $17

Have you been trading before with your own strategy,risk management, sound phycology e.t.c or you just heard people making life changing money from Forex and you just deposit money to try your luck to see if you can make money everyone is talking about without training from experience trader.

Which category are you between the two?

randy01:

Have you been trading before with your own strategy,risk management, sound phycology e.t.c or you just heard people making life changing money from Forex and you just deposit money to try your luck to see if you can make money everyone is talking about without training from experience trader.

Which category are you between the two?

i have been studying the market for a very long time now until i found out what seems to be working on demo account den i decided to put money and test the market i have no money for mentorship

Lavida486:
i have been studying the market for a very long time now until i found out what seems to be working on demo account den i decided to put money and test the market i have no money for mentorship

I ask that to know if you have been in the business before.mentorship is not for everyone as I never pay anyone to learn.but it usually bring long process of learning short period for those who met the right mentor.coz we got many marketer, influencer e.t.c parading themselves as montor.i saw one guy who start Forex 3 month ago and he already start having students.if you got the experience then your $17 is enough to start again.

randy01:

I ask that to know if you have been in the business before.mentorship is not for everyone as I never pay anyone to learn.but it usually bring long process of learning short period for those who met the right mentor.coz we got many marketer, influencer e.t.c parading themselves as montor.i saw one guy who start Forex 3 month ago and he already start having students.if you got the experience then your $17 is enough to start again.

thanks bro i have to abandon other things i was and focus on the chart for the past a year and six months and by the grace of God my strategy is working perfectly well it's only to summon the courage and enter a trade but i will start today and tomorrow

gnykelly:


Should I register with exness or fxtm.

I'm confused.

I registered with fxtm when I started initially...After a while when I didn't operate my account, you won't believe they said I will pay fine

Jokers
Exness is better