I think you should trade larger, enough of this pathetic $600/day on a $12,000 account ... do you want to be a big swingin' dick or a pussy ass b!tch. I really don't think you're man enough to handle that size... *end of sarcasm* http://www.mgmgrand.com
I just want to survive at this point. I'll be a big swinging dick at some point but this is most def not the time!
We are like this because WE WANT YOU TO SUCCEED! You're trading too large, and you won't survive. THAT IS WHY WE'RE ON YOUR CASE!
I never looked at it that way. On retrospect I thank you so much for caring. I'm above $10,000 now. as I make more and more money the risk diminishes since I am staying at 6-lots. I will not trade bigger than 6-lots until I get above $28,000. I really do appreciate your concern. Thanks
I honestly hope you can stick to it. Write it down in your trading plan, do not deviate from your plan, EVER. Strict discipline and small size will keep you in the game until you build up your experience and capital.
how about some useful advice insted of insults... Try finding a programs or broker that allow you to programs your entries and exits...the main thing here being stop losses. You have $10k. congrats. meaning limit your DAILY downside to $100. do that by programming your stop loss and being able to walk away. if you literally dont have the discipline, in all honestly you may have a gambling personality, and may want to explore that.
I need to devise a trading plan. I don't have one on paper just a vague one in my mind. I'm going to start writing a daily journal as well. Thanks a lot.
i caught myself this week. I figured that I made $2500 over the past two weeks and thought to myself: if i trade 12-lots I can make $5000 next week. This is the thought process that I need to address; it is the same thought process that had me trading 40 lots with a $30,000 account. I will stick with 6-lots until I get back up to $28,000. I actually watched Dr. Phil today and took away some really wonderful advice: if you give up then you are a failure but if you keep on trying then only your current situation is a failure. I've had bad experiences with stops while I was trading in college. I felt like all my stop losses were always filled. I don't like letting people know (my broker or whoever) where I plan on getting out because that information always seems to be used against me (i.e. stops seem to ALWAYS get filled). Thanks.