Achilles saw that what he was doing was good and so the Power Trading was born…
The game is simple: try to make 100% gains in the fewest number of trading hours possible.
Here is a qualifier run:
First trade placed: 14/6/19 at 20:13 server time
Last trade closed: 18/6/19 at 20:04 server time
That comes to less than 48 hours since on Saturday and Sunday there was no trading.
Yes, I closed the last trade at a loss for the 100% target was reached.
Do you still believe in compounding? Not in Forex, I don’t.
Why? Because every dog would have its day.
By taking out the gains, you are not capping the upside, but rather, you are limiting your possible losses.
If you have a last line of defense which is a ratio hedge at about 40% equity to balance, then you may impose a rule for yourself to be calling the run a defeat and if you would liquidate all positions including the hedge, what you would end up with would be something like 50-70% of the starting capital, for most likely you would had amassed some extra balance by that time, so the actual draw down is not likely going to be 60%.
At this moment, you may proceed to start with a clean slate by topping up your margin.
Remember, the greatest asset in trading is time.
Instead of fighting a losing fight, admit defeat and start all over.
So, how long would it take for you to double the money on the account?
48 hours? 24?
We are on!