Sorry, I meant to say. .Originally Posted by ;
Compounding cent accounts????
Sorry, I meant to say. .Originally Posted by ;
Compounding cent accounts????
Could not disagree more a smaller loss vs a larger loss is everythingOriginally Posted by ;
You've misread my meaning. .Originally Posted by ;
I have compounded a lot and still do to a lesser degree but a loss is a loss....
It does not matter if it's a #100 lot or even a #10000 lot. If you're going to get emotional you shouldn't be trading. (not you personally)
compounding builds an account, you dont have to get it done 100%compound, only a few %%%.
As for Poker, I used to play online semi professional but Forex is simpler and I can use probability,stats,odds to my benefit.
Trade nicely
If you are going to lose you may lose.Originally Posted by ;
It does not matter if you are compounding or not, or any type of trading/...
As a new trader you shouldn't be compounding, no way on Earth. I never met a person new compounding that didn't compound his account back to $0.
1 lot size and one pair (two tops) and practice for a long time till you're confident, then change it and do exactly the same.
If you're losing everything you aren't controlling your risk, this all goes back to using one lot size and just practicing cash management (in-trade) and understand what your risk is before going into the trade.
Hello BillyOriginally Posted by ;
That was years back. Mainly because I was an amateur back then. Over risking on each trade was the reason no proper money direction I would say
Hi MagentFX, may I know what is the reason for one to eliminate it all in one day? Is it due to no stop loss? Or losing series that consumed all the profit from the winning transactions? thanks!
It might happen in many instances. We perform for the whole day and attempt to get smaller to moderate profit but one wrong trade decision can snatch the whole sum in just a second. So it is the obligation of us to become mindful while choosing trades. We ought to decide and decide which trend is significant and which trade choice is sensible and which isn't. And with the proper trading skills and knowledge this task can be somewhat easy so we should attempt to acquire adequate trading skills and proficiency .