Today's GJ tally - please note that I trade multiple lots (based on confidence level) and NOT on fixed-lots basis. As the daily bias is down, if immediate trend is also down... my short entries will be in greater lots than my long. So, the following results are just on pips, ignoring nett effect of multiple lots. :-)

Short from 161.50 (10 pips below Daily PP; daily bias is down)

Result: TP at 160.80 (gain of 70 pips)

Long from 160.70

Result: SL hit at B/E (gain of 0 pips)

Long again at 160.70

Result: SL hit at 160.65 (loss of 5 pips)

Short at 160.53

Result: Trailing stops hit at 160.13, 160.23, 160.33 and 160.43 (nett gain of 20 pips)

Long at 160.73

Result: SL hit at B/E (gain of 0 pips)

Long again at 160.73 (SL now below 10 pips below Daily S1)

Result: SL hit (loss of 20 pips)

Short at 160.53

Result: TP at 160.23 (gain of 30 pips)

Shorted again at 160.53 (on break of Daily S1 again)

Result: TP 8 lots at 160.03, 4 lots at 159.83, 3 lots at 160.13, 6 lots at 159.56 and last 2 lots at 159.00.

So, the tally with lots factored in so far:

15 x 70 x 10

5 x 0 x 10

5 x -5 x 10

2 x 10 x 10

2 x 20 x 10

2 x 30 x 10

2 x 40 x 10

5 x 0 x 10

5 x -20 x 10

15 x 30 x 10

8 x 50 x 10

4 x 70 x 10

3 x 40 x 10

6 x 97 x 10

2 x 153 x 10

= USD33,430.00

Getting whipped around a bit today on GJ. 4 winning trades, 2 break-even trades and 2 losing trades.

## Fixed Ratio Money Management

It's been a while since I last blogged about Money Management, what many consider to be the most important yet overlooked subject in trading. As one of the three (3) pillars of trading success (the other two being Mind and Method), I therefore feel that I have an obligation to share more of my thoughts on the matter.

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