After 1.5 years of constant losses, backtesting, and forward testing countless strategies, I finally decided to ditch rigid rules and trade with a dynamic DCA, intuitive approach. Suddenly, over the past two months, I’ve been winning almost every day.
I know 5-10% monthly growth is considered good, but I’ve managed 63% growth in two months with proper risk management. Honestly, I’m freaking out a bit.
Anything is possible. Here’s hoping the winning streak continues!
Amazing. I’m also doing this same trading approach. Grown an account by more than 80% in less than a month. Did a stupid mistake by entering a trade with higher lot size than usual and lost all my profits. Still breakeven so it’s good.
@Zeke
I did the same, was up 40k, got overconfident and psychologically went from trading to gambling.
Entered a trade with way too big a lot size, was stopped out early due to a retracement which triggered me spiraling into panic trading (never happened to me before, holy shit).
Before I regained consciousness, I was down 70k (-24k of starting capital). Ironically I’d have won the original trade if I held it.
Took some time off, went back in with a demo account and now feel ready to start the slow crawl to break-even with a target of $300 a day, a 2:1 risk and 50% success and my walk of shame.
@Denver
I held EURAUD and it just kept falling so I had to close it at a huge loss and this week it started going into my profit target. It feels really bad to have trades that have huge drawdown but ends up going to original target.
Sunny said: @Zeke
I’m new to trading. What is lot size? And how on earth is 80% possible? Even 1% on some pairs takes up a whole day.
Lot size is the quantity of currency that you are handling. 1 lot is 100,000 units of currency I believe. Using leverage with your broker allows you to trade higher lots than your actual amount of money allows. My broker allows me to trade 50 times the amount of money I have. This allows for changes such as 80% moves. Leverage is different between brokers though.
Vance said:
“Rigged rules” soon as I got going I noticed there was no way to be profitable using the “rules.”
My experience is similar.
I started using SMA VWAP on different time frames for exit and entry. Now I can’t find live data and have to cross-reference prices. The brokerage servers have nefarious software or like think or swim have been compromised by a third party. Charles Schwab still has yet to reveal the third party.
Are you buying more if the price drops to DCA? Or did I understand you wrong? I did that in my beginning and had some good profits until the price dropped significantly and I didn’t have enough funds for the margin. So be aware but I wish you the best👍
@Zan
Yes, every system has its drawbacks. However, I find as long as you use small position sizes and trade with the trend, you can control your drawdown well and keep that low in ratio to profits, then you will have long-term positive expectancy. Anyway, thank you!