Making small gains each day plus losing it all in 1 day - Page 2
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Thread: Making small gains each day plus losing it all in 1 day

  1. #11
    Quote Originally Posted by ;
    quote Could not disagree more a smaller reduction vs a bigger loss is that which
    Sorry, I meant to say. .
    Compounding cent accounts????

  2. #12
    Quote Originally Posted by ;
    quote you have misread my meaning. . I've 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 a #10000 lot. If you're going to get emotional you should not be trading. (not you personally) compounding builds up an account, you dont need to do it 100%compound, only a few percent%. In terms of Poker, I was able to play online semi ace but Forex is easier and can use odds,stats,chances to my advantage. Trade nicely
    Could not disagree more a smaller loss vs a larger loss is everything

  3. #13
    Quote Originally Posted by ;
    quote That's a really silly statement. Even if you're going to lose, you will shed a lot slower and gain more knowledge from the process. Compound matters due to the plogy as well as the money. If you're in a new poker tournament and you go from 10 dollars to 10,000 dollars, you might not think that it's possible to play exactly the same manner? The same thing is true for traders, the numbers (and not just the % of their account is of extreme importance).
    You've misread my meaning. .
    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

  4. #14
    Quote Originally Posted by ;
    As a new trader you should not be compounding, no way on Earth. I never met a person new compounding that didn't compound his account back to $0. 1 lot dimensions and a single pair (two tops) and practice for quite a while until you are confident, then change it and do the same. If you are losing everything you aren't controlling your risk, this all goes back to using a lot dimensions and only practicing cash management (in-trade) and understand exactly what your risk is before going into the trade.
    If you are going to lose you may lose.
    It does not matter if you are compounding or not, or any type of trading/...

  5. #15
    Quote Originally Posted by ;
    As a new trader you shouldn't be compounding, no way on Earth. I never met a person new compounding that did not compound his account back to $0. 1 lot dimensions and one pair (two shirts ) and practice for quite a while till you're confident, then change it and do exactly the same. If you're losing it all you are not controlling your risk, this goes back to using one lot dimensions and just practicing cash management (in-trade) and know exactly what your risk is before entering the trade.
    Yes .On ster

  6. #16
    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.

  7. #17
    Quote Originally Posted by ;
    Hello MagentFX, may I know what is the reason for one to eliminate all of it in 1 day? Is it due to no stop loss? Or losing series that consumed all of the profit in the winning transactions? thanks!
    Hello Billy

    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

  8. #18
    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!

  9. #19
    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 .

  10. #20
    Quote Originally Posted by ;
    quote //-- hello alastor.... Thank you... //-- btw, regarding you traders performance thread, peyton has just 1 month left before her account will have already been open your required 3 months.... She has just traded 2 1/2 although.... You may be surprised...h
    Thank you for the attention.

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