After all speculation is nothing more than a guesswork. It’s just that we are trying to be as precise as possible in our guessing game.
If you don’t want to lose your profits then call it a day and don’t trade further. $1200 is a good profit for a day. It’s good to set a standard profit target for yourself and when you have achieved it there’s no need to overtrade.
All traders start from something and you should understand that you're not the only one in this activity. Lots of people have lost their job because of trading because they felt like they could earn money in trading. It's really like that, only serious approach will help you to reach the result which you wish. In my opinion, people shouldn't regret of losing money or something, because when you regret, you make the universe turn back to you. Universe loves those people who can't be broken in dependence on the circumstances. It likes stubborn people and it's a fact. I whs you would be a great trader, never give it up.
The limitation will be removed once you back tested your strategy extensively and know what to expect and you have experience from winning consistently.
Agreed. Also, it is likely to invoke the greediness in your trading, which will not be a good outlook in the long run