29th July 2011, 08:32 AM
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Member
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Join Date: Jun 2011
Posts: 11
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Bhagwan, you can contact me at laypunter at gorillas dot com dot au
Shaun, yes the recovery staking plan can cause some angst when a couple of winners fall in!! ....but having a big bank to cover the increase is obviously critical....
My approach is that if you start off with a sizeable bank (say $5K, and then make $100 per day with a stop loss of $1500 (as has been suggested), you need 15 winning days before you hit that stop loss to know that you are ok. I don't think that this is unreasonable given the smallish amount of testing I have done.
But having said that, losing $1500 of a $5K bank in 1 day might not be for everyones tastes!
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