Steven Theobald / Profil

OVER-LEVERAGING. Look up the name Leopold Aschenbrenner. He was flying high until a couple days ago. He used 4x leverage on a directional bet on AI stocks. He lost BILLIONS of dollars. He thought he was so smart. Then the market taught him who was boss. Fear and greed are NOT logical, and both often push markets much further than you think they can. Keep your positions smaller than you can afford to. Keep the stops reasonable. PRUDENCE in position sizing and reasonable stops are the two main

YEN INTERVENTION. It appears the Bank of Japan is in the middle of some "Yen strengthening" intervention. All the JPY pairs have dropped 2% to 3% in just one day. In the world of FX, this is HUGE. This is what stops are for! We never know when this kind of move will take place, but it does often enough that we can't just go along our merry way with blinders - and no stops - with a narrative in our brains that fits the current action. Because SHIFT happens

SYSTEM FINALIZED. After 6 weeks of trading, I have scaled up the trades to their predetermined margin "deposit load" of about 40%, and 2% risk per trade with a 70 pip strop. This is currently .06 lots per trade. I am trading a maximum of 3 positions at a time, and they are always on different currency pairs. I will increase the lots traded each time my account grows by $333. At $3000 balance, I will be trading .09 lots per trade. Regarding the 70 pip stop, this is the "emergency stop." If I feel

DEALING WITH LOSSES. I have two losses so far out of 28 trades. The first one was my very first trade on this system - GBPUSD for about 30 pips. I went into the green by many pips, but failed to exit before the full reversal. The second one was AUDUSD, and this one was a technical error. I meant to hit the BUY button but hit SELL instead!!! Operator errors like this are inevitable. (And I get why most people prefer algorithmic trading.) The key is to immediately remedy the situation and GET OUT

ADDING MORE PAIRS. While things have been going according to plan, I want more good setups. The three majors I chose just don't always have lots of good movement. So I just expanded from just EURUSD, GBPUSD, and AUDUSD, to now in include EURJPY, GBPJPY and USDJPY. My emergency stop now be 70 pips

20 trades total now and .03 Lots for the next 10 trades

POSITION SIZING. I am slowly growing my position each 10 trades. I am now at .02 lots. Once I get to .06 lots, I will increase .01 lot per $333 gained. With my 70 pip stop, this should represent about 2% max risk per trade

Off to a great start with 13 trades. Three max positiond at a time. 70 pip max stop loss. 90%+ win rate. Can I keep it going? Regarding the stops, I will get out when I believe a trade has no chance of reversing before hitting the stop loss