You’d have something to trade with if you practiced a legitimate risk management profile. You’re just risking the same amount all the way through regardless of your balance. And 5% is huge amounts of risk for a single trade.
@Roman
Brother, check his profile, this Guru just made about half a million Rand risking the hell out of his account; he found his strategy.
Didn’t tell you to do shit at any point of that comment. I said, if. Suit yourself.
Didn’t tell you to do shit at any point of that comment. I said, if. Suit yourself.
Yeah, I’m just frustrated mate, but I hear you.
You’d be better off with prop firms bro if this is your account size. A $100k prop is basically a $10k account. BUUUUUUT, if you lose that account it’s only like $400-500 for another challenge. Instead of losing a whole $10k you can use $400 to have another account of basically $10k.
If you learned a lesson then this is no loss; if you didn’t then …
Some = 98.24%. Ok dude, nice math.
Nothing to lose if this was demo.
Blaze said:
Nothing to lose if this was demo.
A demo doesn’t build your psychology.
Doesn’t build your psychology. Most people don’t spend nearly enough time in demo to have any real effect on any aspect of their trading, so it’s no surprise.
All you have to do is read around on here. Most trading aspirants spend 3 months or less in a demo account. We all want to hit the markets as fast as possible. But do you really think anyone can build world-class discipline, self-control, and emotional regulation in 3 short months? After they have failed to do this for most of their lives? You don’t even need to trade to build discipline and all of that. You can train that muscle in many ways. When it comes to trade execution, because that is SO IMPORTANT, you’re often battling millions of years of evolutionary development. But before you can even begin to worry about trade execution, you need to know how to trade. I mean, you need a real strategy and legit setups. You need an “edge” in the market and then drill that edge over and over again. My edge is my setups (plural but could use only one) and my ability to just wait until I see EXACTLY what I’m looking for. Because I know exactly what I’m looking for when I’m looking for it, why I’m looking for it, etc., and I’ve executed on it over and over and over in a demo for over a year… I have NO PROBLEM with discipline and emotional regulation when I went live, for the most part, and when I do, I can sense it very quickly and am able to adjust and shut it all down if I need to. Demo works. So does added meditation, exercise, or any other practice that requires discipline. Even fasting one meal a week… practice telling yourself “NO” all of the time.
Blaze said:
Nothing to lose if this was demo.
A demo doesn’t build your psychology.
Spend $400 on a prop firm instead of using $10k live funds.
Proper risk management and treat your demo like a real account; it’s all about discipline.
