PIP MAVENS CONFIDENTIAL
You will receive a copy of these instructions in your email.
A few pointers to get you started:
You'll need the (free) Telegram app to access the private trade signal channel.
If you don't have the app, click here to download it and set up an account. Get it for your mobile phone so you can be immediately notified of all trade signals the moment they are posted.
Tell Me Your Telegram Username
Email me (email@example.com) the following details so I can invite you to the private channel:
- Your Telegram username (found under the 'Settings > Edit Profile' section, begins with @)
- The name on the credit card/Paypal account that was used to make payment
The Telegram channel works via one-way communication.
You'll be able to read the trade signals, but you will not be able to reply in the channel.
If you need to reach me for any matter regarding the trade signals, just drop me an email and I'll get back to you as soon as I can.
Lot Size Calculation
The recommended lot size of each trade signal is based on $1,000 capital, so you'll have to multiply the lot size proportionately to match your account capital.
Example: If the trade signal lot size is 4 micro lots, and your account capital is $5,000, you should be entering the trade with: ($5000/$1000) x 4 micro lots = 20 micro lots, or 2 mini lots.
Don't Chase the Market
In most cases there will be ample time for you to enter a trade at the signal entry price or better. However, if the market price has already moved in favor of the trade for 10 pips or more, just set a pending order and walk away - do not rush into a trade at a significantly worse price and chase the market. Don't stress over missing a trade, there's always another one coming right up.
Dealing with Discomfort
The lifetime of each trade will typically be full of discomfort. This is normal. The best way to deal with this is to just check on your trades every few days, or better yet, just once a week. The worst thing you can do is to keep checking them multiple times each day.
(For US traders only)
There will be rare occasions when I take hedging trades. Since hedging on the same account is not allowed in the US, you'll have to execute all hedging trades on a separate account.
To be clear, this means that if there are hedging trades on the EUR/USD, you will take all the buy trades on one account, and all the sell trades on another account.
Non-US traders can ignore this step as hedging trades can be taken on the same account.
All right, that's all you need to get started.
When the next trade signal is posted you will be notified of it immediately via Telegram.
If you have any questions, you can reach me at: firstname.lastname@example.org
See you in the Telegram channel!