Skip to main content

Trading Rules In A Nutshell

Hi all,

I'm finally done with the setup on my new Forexyard Demo account. 

As on our previous posts, trading calls will officially commence from today, and we will review the result of trading on a week to week, month by month, and year by year basis (hope I'm that determined). Let us move in small strides to make this work on a long term.

Summarizing some facts before we start on making market calls, here are some rules that I will be following:
  1. Stops are pre-determined before any entry of trades
  2. Size of trade is determined by the total size of the account, total risk should not be more 1% of the total value of the trading account at any time.
  3. My target return per week is to achieve 0.5% gains weekly. Compound it by 56 weeks, you should get our annual target. (Gains are tabulated on a weekly basis only)
  4. Term of trades may vary between minutes and even up to weeks.
  5. Weekly P&L on the Demo Account no. 77104 will be published at both http://systematic-trading.blogspot.com and http://momentum-trading.blogspot.com
  6. Not necessary to trade every day.
  7. Active momentum trading hours will likely commence from early asia hours at (GMT00:00) to 11pm (GMT15:00). This will be subject to the availability of time to post. I will be making my live calls with a few other friends' at www.marketasiahub.com, as it may be the most suitable platform for real-time trading communications. 
I hope this is sufficient for now. Would welcome more as we move along. The key motive for having this introduction is to maintain a set of rules to decision making which is as systematic as possible. The implementation of more planning tools will be made and discussed in time to come. 

Will be looking forward to your support.

Cheers

Comments

Financial Journalist said…
Hi, I am a loyal reader of your websites, I look forward to your trade ideas.
September 23, 2008 at 8:50 AM
Grentone said…
Thank you for your warm support. I hope this may be helpful for your trading reference.
September 23, 2008 at 9:16 AM
Post a Comment

Popular posts from this blog

Video: Lesson On Elliott Wave

Hi mates, Just received this in the morning. It is a short interlude of the Elliott Wave course. If you are a serious trader, and would like to have a roadmap to the markets, I would suggest you take a good look at this, this has worked for me. Enjoy... Watch this full $79 course, FREE. Click Here!
Post a Comment
Read more

Elliott Wave FreeWeek Feb 12 to 18

Greetings, Our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they throw open the doors to some of their most popular paid services to non-subscribers for one week only. If you’re not taking part right now, you’re already missing the valuable opportunities your peers are getting for free. This unique opportunity only comes along once or twice a year. Learn more about EWI’s FreeWeek here Cheers
Post a Comment
Read more

Can Banks Be Trusted?

Today's events have indeed been a thrilling experience experience for the international markets. As I am writing this, the China Central Banks has just cut its key interest rate again by 27 basis points to spur growth, Lehman (est. 1844) has filed for Chapter 11 (Bankruptcy) , there are rounds of ECB having an emergency rate cut, UBS sneaking in to declare another $5B of writedowns, AIG seeking help from the Fed with a request of a $40B bridge loan after rejecting an offer by Flower to prevent themselves from joining the slaughterhouse where their CDs are currently gapping outwards, and it seems that the only few pieces of good news are probably that Merril had a merger with BOA, as well as a consortium of global banks have put together a $70B fund to facilitate liduidity and an orderly resolution between Lehman and their counterparties. ECB also joined in with $30B to curb liquidity woes as well.  In my opinion, it seems like an obvious trend that all Fed Governors are challenged ...
3 comments
Read more