With wisdom comes humility. With humility comes wisdom!![](https://resources.faireconomy.media/images/emojis/64/1f914.png?v=15.1)
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Dislikedhey KJ... no skype today...
i have a very important errands... but you can join the boys though...
i'm a homeboy today
tomorrow will be the last session for the week...Ignored
Dislikedit's back now... that was strange... for 8 miutes...
anyway... don't like what i'm seeing...
signing off now...
here's my last position...
Attachment
be good and be safe!
and squared!Ignored
Dislikedit's back now... that was strange... for 8 miutes...
anyway... don't like what i'm seeing...
signing off now...
here's my last position...
Attachment
be good and be safe!
and squared!Ignored
Dislikedsomething strange was happening to your charts....you have 2 gaps on your chart that i dont have on 2 other brokers mt4 15 min chartIgnored
DislikedIgnored
DislikedTrendCatcher:
I noticed that your skew of 1 is actually 1 std lot, and you account size is 3.4k. At the 1,1 position as in your chart, you have only 800+ free margin. Meaning if (tough wood) there is some kind of news/intervention/jerk, current price move against you 40+ pips, you will have margin call. That is even before you add that final 1 of 1,1,1.
My concern is, you size your skew too big for your account.
Somewhere in the TAF tread, someone do scout size calculation: 1% of your leverage account size. Take for example, you have...Ignored
DislikedHey dongsky,
i am ever so greafull of you, for taking some time to show me the way. Just like you said, now i'm doing demo with a leverage of 100:1 and seems everything is all in order.
doing 1 1 1 and not doing any rescues yet
as planned, will add position on every correction and will start counting swings
i can now clearly see, swing highs and swing lows
thank you sir.
respectfully,
Tim C
..........
snapshot of my current position...
just added 2nd level
AttachmentIgnored
DislikedTrendCatcher:
I noticed that your skew of 1 is actually 1 std lot, and you account size is 3.4k. At the 1,1 position as in your chart, you have only 800+ free margin. Meaning if (touch wood) there is some kind of news/intervention/jerk, current price move against you 40+ pips, you will have margin call. That is even before you add that final 1 of 1,1,1.
My concern is, you size your skew too big for your account.
Somewhere in the TAF tread, someone do scout size calculation: 1% of your leveraged account size. For example, you have 3.5k in your...Ignored
DislikedHello Tim,
1, 1, 1, actually means - 0.10, 0.10, 0.10 ....
Your acc. is too small for 1 lot as scout... imho
JaroIgnored
Dislikedanyone here be kind enough to direct me to a money management 101 crash course?
will hcong be kind enough to show me more about money management and position sizing?
tried reading TAF where they discussed and experimented lot size but just too stupid to comprehend; maybe if someone can just use a simple exercise that i can easily follow.
but for now, i will take jaro's suggestion i.e. 0.01, 0.01, 0.01 progression
thanks heaps!Ignored
DislikedAs mentioned before, I think it is good to start with 1% of leveraged account size as scout. In your case, $3.5k capital on 1:100 leverage, scout size should be 3,500x100x1%=3,500, or 0.035 standard lot of 100,000.
If your skew is 1,1,1, then your entry size is 0.035, 0.035, 0.035. If you cannot go for 0.035 lot, then you can step up to 0.04 or step down to 0.03. The choice is yours.
I don't think we should stop at 1,1,1. This is only at the beginning; we should learn to expand this as we have more experience.
When I said expand, I don't mean...Ignored