Money management

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THE TRADING ROOM TRADES ON A MODEL PORTFOLIO SIZE OF £5000 WHICH IS RESET AT THE END OF EACH MONTH – EVERY TRADE HAS A RISK OF 2% MAX IE £100 UNLESS STATED OTHERWISE.

WE HAVE 5 TRADERS IN THE ROOM

TOM HOUGAARD – HEAD TRADER

  • TOM Trades DAX/FTSE from 8am – 10am
  • He uses TA methodology researched over many years to call his trades.
  • He uses 10-20pt stops and trades full size £10/pt or half size £5/pt
  • The stops are based on mkt volatility at the time.
  • You can expect Tom to trade on average 2-4 times /day

LAWRENCE MILLS – TRADER (TOM’S 2ND IN COMMAND)

  • LAWRENCE trades all products across the board but largely FX and starts at 6.45am.
  • He uses scalping techniques and is more of a fundamentalist when trading.
  • He uses 30pt stops losses in FX risking no more than £100 on any trade.
  • Lawrence will trade normally 1-2 times/day but on FOMC and FED days will look to scalp.

LARRY PESAVENTO – Is the rooms living legend from the USA.

  • Larry trades all products across the board from stock indices/fx/bonds/commods.
  • He comes on throughout the day to post trades and risks no more than £100 on any one trade.
  • Larry uses TA researched over many years especially Gartley patterns to formulate trades.
  • Larry will trade 2-4 a day

THE DOW TRADER – THE ROOMS NEWEST ADDITION

  • The Dow Trader will come on at the open of the US session to Trade the DOW.
  • He looks for breakout trades risking no more than 20pts to make 2/3 times risk.
  • He has recently introduced the ftse/cac/nas/dax to his armoury.
  • DT uses patience like no other and will trade 1-2 a day.

David Paul – Trader and co founder.

  • David trades stock indices and FX coming on in the mornings to give his overview of the mkts.
  • He looks for longer term moves and his trades have larger stops but larger targets and are longer term trades.
  • David is a TA wizard with unparalleled knowledge.

Examples:
1.Fx: buy eur/$ @ 1.30 stop will be 1.2970 target 1 will be 1.3030
Risk = 30 pips x £3/pt = £90 or 2% of model £5000 portfolio
2.Stock indices: Buy DAX @ 10000 STOP 9988 FULL SIZE target will be announced.
RISK =12 PTS X £10 = £120 (2.4%) of model portfolio
3.Commods: Buy WTI oil @ $75 stop $74.25 target 1 will be 75.75
Risk = 75pts x £1.30/pt = £100 or 2% of model portfolio

– All trades have stops all risk is £100 unless otherwise stated.
– When target 1 is hit half the pos is taken off and stop is brought to b/e to reduce risk.
– The 5 traders have 5 different styles of trading but one common goal to manage the trade/reduce risk asap and obtain a profit.

ALL PRICES ARE BASED ON ETX CAPITAL SPREAD BET PRICING.

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