Manoj's Trading Diary

[manojborle]

 

[manojborle]

WHAT PERCENT OF YOUR TRADING ACCOUNT WILL YOU RISK ON EACH TRADE?

Very often, you will reduce your trade size and your risk exposure when you experience draw-down. Here you will identify what the best method is for doing that.

----> 2 percent maximum risk on each trade.

----> Using my average monthly win ratio and payoff ratio, mathematically calculate optimal percent to risk using the optimal "f" formula for each new trade.

-----> Using my average monthly win ratio and payoff ratio, use the risk of- ruin tables to find the best percentage to risk to give me a "zero" percent probability of ruin for each new trade.

-----> After a draw-down, I will reduce the percent of risk by 25 percent. For example, if I am normally risking 2 percent on each trade, after a draw-down I will risk only 1.5 percent.

-----> Other ideas ?

 

[manojborle]

First time since long time I had no courage to short when I knew its not going to hold 24800 level

 

[manojborle]

------------------ repeated

 

[manojborle]

Let BNF play around open for sometime, then I will decide to trade

 

[manojborle]

Looking to go long around 24611, lets see does that happen ? My Long trades record isn't good though.

 

[manojborle]

Looking to go long around 24611, lets see does that happen ? My Long trades record isn't good though.

made low near 24611 but I wasn't near screen, missed long

 

[manojborle]

Short BNF 24660, SL 24705

 

[manojborle]

ok again start of the day with 45 points loss

 

[manojborle]

Long BNF 24715, SL 24680

 

[manojborle]

Looking for a target of 24820