Blog Archives » October 2006

Progress

I thought I'd update on how my trading is going, since I made my last post, it did swing the way i was expecting which was good, as I made back all my losses and added about 1.5% to my starting capital :D I should mention that I'm using 1:20 leverage, so the 1.5% could be 7.5% if I was on 1:100 leverage, though losses hurt much more as well. My current money management plan is to keep the leverage low until I'm nailing every single move (including the timing).

One thing that I've found quite good for anticipating big moves is this tool from Oanda. It shows you when the major markets are going to be open and then you can anticipate the breakout/down.

More on Timing

A couple of posts back I wrote about timing, here's a good read on Investopedia about timing.

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