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Thursday, April 16, 2009

Day four of risking yesterday's profits

...cont'd from yesterday...

Day Four.

Risk 1D on each trade PLUS one third of yesterday’s profit. In this case that would be
= Risk 1D + (Yesterday’s Profit of 9D/3)
= 4D Risk

Then:

Trade One: lose 4D
Trade Two: lose 4D
Trade Three lose 4D
Trade Four: win 8D
Trade Five: win 8D
Trade Six: win 8D

Net profits for the six trades today is (8 + 8 + 8- 4 -4 -4)D = 12D

...cont'd tomorrow...

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Copyright 2008 Raymond T. Lee. All rights reserved.
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