Hello friends forumers and posters all, Here I just want to share about the account verification techniques that I use, in this thread I am not discussing about trading techniques, but Money Management. But it is also not a matter of money management that discusses, what is the percentage of risk that is safe, what percentage of the target, etc. because I am sure all also have it. But here I will further discuss the techniques for managing our trading accounts. Hopefully it will be useful especially for those who pioneered "Trading for Living"
From the understanding of diversification, then I conclude that we should not only rely on one trading account in trading, or we often hear the legendary advice "Don't Put Eggs in One Basket". In my opinion, there are many factors that actually "require" us to diversify accounts in trading, the purpose of which is for security and continuity of our trading, for example, disable accounts, brokers, scam, WD is not liquid, it's been waiting for a long time, accounts are hacked, we suffered a great loss, etc. naudzubillah don't let it happen, but all of that might happen. Therefore account diversification in my opinion is very important
And I think trading must have a clear vision and mission from the start. So it must be clear, we want long term or short term transactions, like scalping or day trade. My own experience from here is still confused, as a result I want it to be long term, when I run the profit, I see the sideways, I want to close it, and instead I want to enter the scalping right when the entry and the price of movement is quite good, I say "hold ah long term" etc. it will make trading results are not optimal and tend to lose at the end of the accumulation, because from the beginning it is not clear. So it's natural that trading is still often MC because 1 trading account contains mix everything, it's scalping, long term, high risk, low risk, etc. And if I personally the solution of that is by account diversification
The picture that I pinned in this thread is the diversification of the account that I use in my trading, it looks simple and easy, but the application is not as easy as it looks, especially if you still think trading is a quick, rich way, an instant solution can get a lot of money in a short amount of time etc. if it's still think like that forget it, this way won't work for you. Okay I discuss one by one of the diversification component
MOTHER ACCOUNT. This is our main account, it can be called the primary account, the main account, first class account, etc. This is clearly our engine. Like we are an employee yes this is our basic salary. Here we must be really serious trading, be careful, like a word here we must really look for opportunities that make sense, which has a RR of 1: 3 or more. Here do not let the MC, boro-boro MC, as much as possible not to drawdown more than 5% or a loss of more than 5% per transaction. The thing is this account is what we will use to create other accounts, back again like we are employees if we get fired then it's over, we can't save, can't eat, can't make this business etc. have stopped here, can't stop here, can't can develop. On this account I trade using a minimum TF of H1 to D1 with a maximum risk of 2% per transaction
INVESTMENT ACCOUNT. Now after finishing with the Mother Account, we can make another account whose capital we take from the profit of the Mother account earlier, and for us to make several accounts with different visions and missions. Now I discuss Investment Account first. This is an investment account, for me this account is used to buy investment needs, for example we want to build a house, buy cement, bricks, sand, etc. can we use profits from this account, or buy land, make deposits and much more , basically related to investment. Supposing we are on this account looking for 10 pips per day or improvised opportunities do not have to sluggish or force the important thing to go on even though a little, because later when it has become finished goods (cement, sand, brick, etc.) we will be amazed to see the results.
SCALPING ACCOUNT. I prefer to call it an acceleration account, because in this account I trade with a greater risk than other accounts, so you can say it's high risk, naughty little or not, as long as it's true and the profit from this account is free to use for anything, and of course if highrisk, the profit is also high right, so it can be to buy a cellphone for example, a laptop rejuvenation or if I prefer to add capital from another account, so profit from this account to inject capital into other accounts in order to reach a certain nominal, so can faster, or we see which account needs to be injected etc. Now this account is where I channel my "lust", trading "reckless" etc. here the place, and only here. So if you think that high risk trading is OK, this is the way to do it
