But I believe there is a need for a new one... Very simple... Each trade should be looked SEPARATELY... non-compunding etc... Just you see the opportunity... LOAD the DEPOSIT, TIGHTEN the leverage as much as you can... and then RELEASE the amo at the right opportunity.. when it does hit TP.. You CASH OUT... And go SPEND the money Best preventative before "giving profits" back to the market, for most people
So for example... today WTI is dropping AF... You estimate the variance at which it drops... Estimate/risk the profit/reward that you are ready to take and then GO.
For example... depositing 100USD... Using leverage 100:1... Waiting for a price change of about 1-2%... multiplied by leverage... 100-200% in this case... And then GO.. You can (advised) either PRE-SET the TP (in order not to be tempted to stay too long)... unless it DROPS "linearly".. than you could watch it manually.. and watch the PROFIT building-up... And then STOP... WITHDRAW...
Have done quite some of those last year... never deposited too much, few couple of 100 for example.. with high-leverage... I have separate account for this... I DEPOSIT with credit card, make a trade and then WITHDRAW... and then go spend extra bucks It is quite fun, I can tell you This strategy is for SIDE KICKS... "educated" gambling or something.... So if you think you are ready to play... I would advise you post some examples (past also) here... But of course, some signals/tips/journals would be most welcome...
You see market dropping kinda "linearly".. WTI for example, as was the case today... You DEPOSIT 100USD... SHORT it at 100:1... Watch for 1% price change... getting 100% profit so 200USD out..
- 100 USD deposit
- 1% price change at 100:1
- 100% profit
- 200 USD withdrawal
- 100 USD profit (net)
- SPEND it
Very simple... I find it much better then some other alternatives I mean today was the MODEL short for certain markets... The markets were pretty high, then were news/tweets... deflated rather good/stable for quite some time, many opportunities...
Of course if you have the cohones, you could play with larger deposits... but I much prefer like below 1k USD for this, until someone has some good trackrecord that surpasses coin-flip luck by far... Or something like that
BTW.. no deeper philosophy here... Pretty much all is covered above "JUST DO IT" style! And pls post it before/after/whenever, tnx