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 ✅
------------------
💰 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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