
Just hang in there, my friend
Billy said:
Just hang in there, my friend
I saw +$50 or -$50 and it made me freak out, my mind isn’t ready for larger trades
Billy said:
Just hang in there, my friend
I saw +$50 or -$50 and it made me freak out, my mind isn’t ready for larger trades
Have you thought about risk management?
How much are you risking with each trade? Are you doing swing trading? It shouldn’t take that long to pass.
Jade said:
How much are you risking with each trade? Are you doing swing trading? It shouldn’t take that long to pass.
I initially thought about risking 0.1% per trade so that it fits with 1% of total money since I only want to lose 10%
But 0.1% of 200k is still $200 which feels like a lot, so my mind gets messed up when I see those numbers. So now I’m playing with 0.01% instead
If I get used to these amounts, I might increase later
Also, I have a live account with $400 where I mostly trade 0.01 lots on EURUSD and XAUUSD. I’ve been averaging about -$15 to $50 monthly over the last four months.
You have a 200k account, not just a 20k account. You should increase your lots.