Comment on Mr Consistent returning incredible returns

Madan commented on 19 Mar 2014, 01:57 PM

Stocky,

Your SL is based on some Support/resistance or just based on point value?

Lets say, the S/R or pivot or whatever ref point you choose is 30 points away from your entry. What would you do in that situation? You have 2 choices – pass on the trade and wait for next one that confirms with your risk mgmt or reduce the lot size to match with your risk appetite. But if you are trading with only few lots in the first place, the second choice is not feasible. So, have to pass on the trade and wait for the next one. Small account has it own pros and cons.

Hope you get the point.

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