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Progressive lot sizing

Submitted by paul821c on May 1, 2008 - 14:19.

NEWBIE QUESTIONS & ANSWERS

Hello,
Progressive lot sizing, is there any info that would be helpful or stratergies that can be used? Heard about the Martingale and Fibonaci they sounded very risky. Where you could be wiped out very quickly. Any help and info would be great.
Thanks,
Paul

Submitted by User on May 2, 2008 - 12:51.

Hey Paul
I'm not that experienced to offer any advice, but I had also researched progressive lot sizing methods and so far came to the same conclusion as yours: it is risky and dangerous if applied inappropriately.
I'd love to hear comments from people who know more about it.

Submitted by Artemi on June 17, 2008 - 12:43.

Hi all,

Here is how I manage my progressive lot sizing.
I start with one lot. I trade 1 lot till my account gets bigger. Then I add another lot and trade this way till I get another positive score.
For example, when I had 1000USD I strated by trading with 1 lot. My goal was to reach 2000USD. When I did, I added another lot. Now my goal is to get to 3000. With another lot added. In case my account drops to 1.500 I'll switch to 1 lot trading till I recover 2000 back and so on.
Good luck
Artemi

Submitted by Paul on July 8, 2008 - 01:07.

Agreed, increase lots sizes with your bank, do not increase lot sizes in order to claw back losses. MArtiingale or such like - will lead you to the poor house.

Regards

Paul

Submitted by Thomas Andreas on September 29, 2008 - 17:06.

Got two videos for you:

Trading The Martingale and Anti Martingale Strategies Part I

UntiMartingale Strategy Part II