Our trading strategy is based on grid and
hedging methods.
While all these strategies are suited
for different situations, our basic
approach is the same-- strict
adherence to careful money
management! Occasionally, in order
to achieve this aim, we take small
losses and we aren't always able to
profit from every single pip the market
has to offer. We always strive to plan
our trade and trade our plan. This
approach keeps us consistently
profitable, and keeps us out of trouble
in the long run.
Our
Basic Guidelines
NET GAINS IS THE GOAL - Our trading
strategies are based on "net" gain targets
rather than on individual profit targets for
each individual opened order. We open hedge grids,
which involves multiple open positions
at any given time.
When we reach our net equity target, we
close ALL positions. This strategy
constitutes what we consider to be a
trading "session". Within a given
trading session, several long and short
orders may be initiated. Once we meet
our net equity target, we close that
trading session and we starting up our
next session.
FOLLOW THE MANAGEMENT PLAN - Acquiring good
profits for several weeks straight
obviously builds confidence. However, it
would be wise to avoid the tendency to
trade too aggressively. Increasing lot
sizes hastily and arbitrarily will cause
serious damage to your trading account.
Nice and easy does it. As long as you
respect the markets, the Forex will
reward you.
PLAN THE TRADE & TRADE THE
PLAN –
As you may already be aware, Yes.
You've probably heard or read this
cliché many times by now. But it is a
basic law of trading success. Constantly
deviating from your trading plan because
of changing market conditions will
invariably result in damage to your
trading account. Sure, you will
occasionally miss out on some market
moves. But sticking to the plan will
ensure that you win consistently on the
Forex game, and more importantly, you
will live to trade another day.
AVOID GREED
- Greed is not a part of our trading
vocabulary. In many situations,
attempting to achieve just one pip (or
$1.00) more than your trading plan calls
for, is a zero sum game. We all
understand this principle
intellectually. But when our emotions
come into play, the outcome of our
trades is anyone's guess. You will
likely end up losing what could have
been a winning trade. In hindsight, it
would've been far more profitable had
you gotten out when your strategy told
you to. This is a good place to
reiterate "Plan your trade, and trade
your plan”.
READ & UNDERSTAND THE
INSTRUCTIONS
- Read the instructions PIPforia.com
sends to you via our
Forum and make
sure that you fully understand them
prior to setting up your trading
strategy. Take whatever time you
deem necessary to become familiar and
comfortable with your trade setups.
A SHORT-TERM TIMEFRAME - Our
strategies have been designed for the
short-term. Some of our strategies will
keep your positions opened longer than
others. However, our strategies are
intended to be used as trading vehicles
and not suitable for investing.
