kn0wing to trade and have great strategy it's for sure very imp0rtant' .... BUT the next thing is s0und so simple and nothing special about this Yet this is the reason why top traders never ever fear to enter a position with huge chunk of money... I was speaking with a lot of traders about this... Always the same answer I get... I cannot hold the feeling(psychology) to enter with huge chunk of money on a position...100 lot...or 50 lot 99.99 % fear this ..why? The value per pip is huge...psychological game The key to kill this fear f0rever and ever Is to understand that If you enter with 1 lot or 50 lot or 100 lot Its fucking the same... Forget the huge number And just know If the spread is 17 pips You need to bring back 17 pips To break even...forget the value of the pip Its sound simple and stupid yet here is the bullet that kill this fear Beacuse If the spread is 17 pips You need bring back 17 pips Forget the value and look on it , In this way What the spread? It's all relative... Here 99.99 traders falls because Hell he trading 50 lot..how he hold this In fact top traders dont give a shit about the value Per pip What they know Is the spread...
I doubt you've traded huge (large) contracts / lots because if you have...you would have a better understanding of risk management and you would have never wrote that message post especially when the markets are in chaos from the Pandemic. In contrast, if you're referring to institutional traders / funds...you may be right considering its not their money...its the money of their investors. By the way, you may want to read up on what a margin call and read recent stories about such during the current Pandemic from the point of retails and institutional traders. wrbtrader
Its depend if the spread is fixed or flow.... Even here it's the same This is the bullet of top traders that kill this fear fiever If the spread is 17 for example on forex.. They look on it as pips and not value per pip In different words When traders enter with huge chunk of money on a position they have feeling that the spread is suddenly bigger...psychological effect from the value per pip... Yet Top traders dont give a shit to the value, What they know is If the spread is 17 I need 17 pip back and nothing more They even dont think about the value per pip Because it's all the same If you the value per pip is 100$ or 100000$ Its fucking the same from the point view of pips For example 17 pips(spread) x 1 = 17 17 pips(spread) x 10 = 170 17 pips(spread) x 100 = 1700 From the point view of pips it's the same You need bring back 17 pips... This is why top traders not fear to look on the screen When they enter and the value per pip is even 100k Its fucking the same One traders once told me I dont enter 100 usd Per pip... I asked him why? He told me you are now -1700 usd Compare to 10 usd per pip Do you get how wrong heis thinking Trust me this is the bullet of top traders which kill forever the fear I told him wether your pip value is 100usd or 10 usd It's the same Hhhhh Sound simple but hell...99.99% dont get it
Of course it's not 'the fucking same'. It's all relative to account size. You can't speak of 1/50/100 lots without mentioning account size. 1 lot on a 100K account is different than 1 lot on 1K account. 50 lots on a 50K account is different than 50 lots on a 1000K account.
You right mate ...that the account size is important but it not my point was dude Read carefully before you answer.... I said why people fear to enter with huge chunk.... Hell s0 simple
I beat the monster...99.99% wether you believe or not it dosent change the facts S0 good luck I also exploited the system in illegal way....top hackers/exploiters know this trick It's called dual point.... But its illegal But I trade legally only I exploited it for the fun There are hackers, exploiters which never l0se I have video where there list of trades only winnings... I kicked out from alot platforms Because winnings So I lose here and there Do you know what is to make 1000 orders and all of them winnings I will upload the video here