Something in the way I trade... annoys me. Went back to trading after a one year break. EURUSD solely. 400:1. Three months. Been up but I'm back near the lows. There's something peculiar about the way I trade. I have a pretty good handle on the current structure. I am mostly aware of the relevant SR. I buy, sell, reduce, increase, manage. I think I have it down sufficiently. My micromanagement of a losing position is pretty spectacular. Or at least it impresses me Last week I turned a close brush with a margin call, that required some position reduction into a six fold increase on entire account. Today I handled a significant move against my position by successful reduction and additions; I was extremely concentrated and calm, correctly counted waves, the kind of counts that actually worked, not the wishful kind, exploiting practically every tiny movement, correctly assessing the way the structure deforms the typical progression, for 90 minutes, to finally exit... at breakeven. When I have a winning position I don't do anything of the sort. And if I try I'll make a terrible mess. The only way I know to manage a winning position is to do nothing. There's an incredible difference in my mind's condition; complacency and fantasizing with large gains at stake versus zen master like skill and attitude while dancing with fire, sometimes just to avoid the most insignificant of losses. And of course there's the very choice of trading like I do, mostly without stops, 400:1, sometimes all in. That and the consequent account excursions don't bother me any more. I don't exploit to anywhere near potential the opportunities I see or intuit. I enter too light or I hesitate and lose the best time or price. I'm mostly not talking ex post, looking at the chart and thinking “I should have seen it” but actual real time; thinking “this could very well be the start of the big move” and holding back. It certainly can't be “being prudent”; not with me! Then, of course, there's the good old trying to anticipate and establishing position at SR. It has that sucker irresistible attraction. And it isn't that I don't know better; I do. On occasions I have perfectly observed large money enter after SR hit (aside of course from what large money does on the way to the reversal) Having pressured myself to go in heavier, I find myself going in too heavy at the most inopportune times, when price is clearly going nowhere. Then hesitate or being distracted when a spike slams right into SR, losing my moment and get lost into a myriad of operations trying to establish position. Occasionally frustrated and impatient. And at worse being too late in recognizing when my scenario is completely off or seeing too late potential adverse price evolutions. Made little progress on this. Sometimes I get sloppy with my analysis, but it isn't lack of knowledge or skill that's preventing me from making tons of money; it's just me.
In short: You're a gambler and don't know what you're doing. Not even close. Stop trying to learn trading by 'trading' and take the time you need to fashion the understanding you need of the market in order to be able to exploit it on a consistent basis. That may be 6 months, 12 months, 5 years or never. Currently, you're obviously lacking this and you're not going to learn it by live trading. To summarize: Stop trading and get back to the drawing board.
Waaaaaay over trading. This is basically a form of gambling. Even if you have an edge, trading that large becomes gambling because of the "gambler's ruin" problem. You need to learn "money management". The basic point is that it's not "return on capital" that keeps people trading. It's "return of capital".
Dude, you are on the road to Blow Up City. Trading 400:1 leverage in FX with no stops is a recipe for complete obliteration of your account. To go from near margin calls to taking your account up 6 fold is a huge tell. You are way over trading in size and doing it probably during the most volatile times. You also seem all over the place with how to correctly position size. From the mental aspect of the game you seem to be on par with Charles Manson. Take a break, re-evaluate everything. Fix these mistakes , then come back in when you are more stable.
This is just dumb. Have you considered that the guy took time out there to try and identify the dysfunction and you're now just taking the piss on it? Here's a tip macho man: If you have nothing positive to contribute to the thread, simply don't contribute.