Friday, March 6, 2020

WHOA! Money Management 101- TP4/TP4+


WHOA! Money Management 101- TP4/TP4+

As most of you know, I have not done much trading in the $20 to Seven Figures account while I have reassessed some losses from a few weeks ago. One thing that rings out over and over again is having proper money management system in place.
I will have a video to explain some changes I made at a later date.  Last week I boldly stated that a winning/losing record can be impressive and still not make a cent.  Because of that, there are some changes in how I am reporting on TP and TP4+ with more changes down the road.  For now, I want you to focus on the ROI.  Return On Investment is the bottom line dollar amount an account has grown or lost.  These results are reported above.

Next week, we will begin reporting on the $20 to 7 figures account again, and I will make graphics for any trades that happened during the transition period.  Thanks for your patience in this transition!  You can still view the account in realtime at:

~~ HizRib

71 trades 1 loss... Just so everyone knows what kind of SL I am using, I am using a 1.5% of the account balance on 1k accounts for both TP and TP+.  But more importantly, the ROI on this week's trading is 2.92% account growth for TP and 2.5% for TP+.

📢 TP
=== WEEKLY REPORT ===

Tu    3.3.2020    33.8 pips ✅
We   4.3.2020    12.0 pips ✅
Th   5.3.2020    36.8 pips ✅
Fr   6.3.2020    44.0 pips ✅
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💰 Weekly profit:   126.6 pips ✅ (2.92 %)
Total trades: 31
Wins: 31(100.0%) Losses: 0(0.0%)

📢 TP+
=== WEEKLY REPORT ===

Tu    3.3.2020    45.4 pips ✅
We   4.3.2020    -38.6 pips ❌
Th   5.3.2020    44.1 pips ✅
Fr   6.3.2020    51.5 pips ✅
------------------
💰 Weekly profit:   102.4 pips ✅
Total trades: 40
Wins: 39(97.5%) Losses: 1(2.5%)

71 trades 1 loss... Just so everyone knows what kind of SL I am using, I am using a 1.5% of the account balance on 1k accounts for both TP and TP+.  But more importantly, the ROI on this week's trading is 2.92% account growth for TP and 2.5% for TP+.

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