Trading Rules For Aggressive Returns
So you want to have triple digit returns?
The First Rule can NEVER be broken or you will blow out your trading account and be left with an awful feeling in the pit of your stomach for throwing away hard earned money.
- Max loss per trade is 10% of your trading account. Live and die by this rule.
- Stagger your positions. Determine the trend and take positions of 25% of your account in that direction. Keep your first position on so long as it is in profit and take profits from the other Staggered positions as they fall into profit. You know the market is going to fluctuate, take profit and enter again once the market retraces.
- Once you have built yourself into a winning position at the end of the day leverage yourself fully into this position and set the stop loss for break even or slightly profitable. Close down your trading screen and come back the next day. You will either be in profit or stopped out with no loss. This is how you will gain windfall profits.
Once you break the first rule and blow out your account. When you return, do not break it again!
Feel free to post your progress in the forex forum even if you are trading under a demo account and I will help you.
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