Declaration of the PAMM account dave123:391428

Investment declaration describes Manager's promise to investors. The Declaration has no legal force, but it clearly affects the reputation of the manager.

PAMM account info
Manager dave123
Acc. type Standard
Manager's capital $300
Min. deposit disallowed
Opening date Jun 19, 2017
Publication date Jun 19, 2017
Max. leverage 1:500

Trading Strategy

I trade manually mostly in the direction of a prior trend on pull backs. This is not a break out strategy. My stop loss & initial profit target are at least one to one but I will use my discretion to take profits early or move the stop loss to protect against a reversal if trading is slow. I will take a second or third trade with the same stop loss position, this may be considered adding to a loosing position ! No it has the same stop loss & is now a higher risk to reward, trading is all about the odds. You should be under no illusion ALL trading is gambling & I use my 13 years of experience to spot the patterns that beat the odds on average. Use an amount in your account that wont stress you out & be patient. Ok so its not just about the odds, its also about having the Patience to wait for the best opportunity.

Best Regards

David

Link to this declaration

Money Management
Max. leverage 1:37 (2,500)
Martingale No
Hedging No
Goals
Max. Drawdown to 18% (100%)
Declaration is Broken
Declaration date Jun 20, 2017
Declaration age 1,5 m.
Violation date Jul 21, 2017
Number of changes 0
Last change Jun 28, 2017
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