Concentrate on percentage instead of money, too many assign too much value to currency. As account grows very much more to have sanity than fantasy of playing "what if's". Stay with rules, and working for betterment of family in mind. Trade well.
You need a sizing plan. Risking 30 percent of your capital on any single trade is a recipe for disaster as you well know. You require immovable position management rules that you do not under any circumstance violate. You need stop limit orders with a generous pay-up tic range limit in order to properly take a loss. Always take your losses. Every successful trader I have ever met routinely took losses. It's part of trading. This isn't gambling - go to a casino for that. Your mindset should be calibrated towards taking optimal risk vs. reward entries. And when you take an entry you must also submit a stop limit order at your predetermined stop loss level. If you hit your profit target - cancel your stop loss. Your only goal is to be consistent. Size bumps should be very modest and should only be used as a reward for a string of positive trades. If you take two or more losses in a row - immediately cut your size in half and do not bump it back up until you make four positive trades in a row. You must grind out positive account equity. If you require excitement or a dopamine rush - find another avenue for that. Emotional swings are your mortal enemy. Your real issue is that you seem to want to sabotage yourself.
i used to do what you did.......but then i started using a very wide stop. now i shifted to M1, my coach said NEVER go to M1,and suddenly everything fell in place...and i am in wonderland. i find i can put tight stops and know where the target is so i can place and not sit in front of computer. i trade one of the most liquid instruments and found that M1 is the same as M5 Funny, how in trading and in life, one man's poison is another man's food.
Sorry, am I the only one who doesn't know what M1 is? Vaguely remember something about Federal Reserve money supply
he said it would be too choppy and stops will get hit....that may be true in ES, which he traded, but not in forex i found
Yes, i wouldnt say stopped out alot, but the context could be misleading intraday is what I noticed. I like 3 minute chart
it works like a dream for me this what i wanted to do all my life :SCALP. because i have the time and i need money for daily expenses.Like everyone else but never in my wildest dreams did i imagine it would take 12 years to achieve