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A good approach i set for myself is to focus on 1% risk per trade. If i end the month with 5%+ i add more capital to the account. If i make between 1-4% that month I don’t add capital. If i make multiple negative months i lower risk to 0,5% risk per trade till i am profitable again for 2 months or more.
Yeah, I applaud your bravery for indulging on this segment for that long. That is an experience still.. Out of curiosity, I tried it once, and only lasted about 48 hour. I love money, and That sheer stress worsen my heartburn! I would gag everytime I saw it dip and got liquidated. Got lucky on the trades and the next day ego nearly nuked it all. So I close my account with extra number still, and bought myself a quality umbrella from what I have earned there as reminder 😂. Now I'm back to my original thing that I excel at, the Buffet way of longterm route. Less stress visible gain couple years later...
if you gave your best, your absolute best (every single day and got mentored) and still hasnt worked out, dont feel ashamed you'r doing the right thing, but verry few people do it "at theyr best"
When entering the trading business you will have winners and losers. Not everyone will succeed. I succeeded within 1 year. Some people are just meant to be traders. Its a very, very, very difficult field. Not as easy as many think. My best advice paper trade for as long as it takes until you know your ready. Because one you enter the LIVE market. You're a small fish swimming with hungry shark's ready to snatch your money and leave you for broke. This here is a GROWN MANS game people.
if you risk 1% and go for 1% and you take 5 trades a day, or 1300 trades a year, and win rate is 60% that's 0.2% a trade or 260% returns not counting for compounding, which will be more along the lines of 500-600% return on a year. 55% win rate is almost 200% compounded. now realize that if you just take the best trades, you'll most likely be able to get 60% or maybe less sometimes but more R:R what im saying is, its more about how good the trades you take are, not about whether you risk more than 1% on the account. my problem is that I actually take a lot of decent trades, but the few losses that get big usually get way too big. im going to try and focus more on the numbers and the setups because taking the best setups and avoiding the bad ones is literally already enough to do quite well.
it depends on the account size and market conditions, some of the good corona months, some traders i know made like 160% in one month risking 1% per trade
it depends on the account size and market conditions, some of the good corona months, some traders i know made like 160% in one month risking 1% per trade
I'm spread trading the US30. Some days like 25-Mar-24 were very slow moving intraday. Is there a way I can tell beforehand if the day will be slow? For instance using pre-market volume as a sign?
Trade with our Sponsor Broker: Pepperstone www.financial-spread-betting.com/ccount/click.php?id=89 Trade sensibly! 75.5% of retail investors lose money.
We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon () you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel.
You're the only RUclipsr that keep sessions simple, honest and obvious... Leaving your viewers to actually think and make decisions themselves.👏👏
A good approach i set for myself is to focus on 1% risk per trade. If i end the month with 5%+ i add more capital to the account. If i make between 1-4% that month I don’t add capital. If i make multiple negative months i lower risk to 0,5% risk per trade till i am profitable again for 2 months or more.
i have decided to quite trading today after trading for about 3 and half years;
Yeah, I applaud your bravery for indulging on this segment for that long. That is an experience still.. Out of curiosity, I tried it once, and only lasted about 48 hour. I love money, and That sheer stress worsen my heartburn! I would gag everytime I saw it dip and got liquidated. Got lucky on the trades and the next day ego nearly nuked it all. So I close my account with extra number still, and bought myself a quality umbrella from what I have earned there as reminder 😂.
Now I'm back to my original thing that I excel at, the Buffet way of longterm route. Less stress visible gain couple years later...
if you gave your best, your absolute best (every single day and got mentored) and still hasnt worked out, dont feel ashamed you'r doing the right thing, but verry few people do it "at theyr best"
If you've been doing it for that long, you are likely to be trading tomorrow.
Love you Mark been watching for years! Thank you for the content. You helped me become a full time trader 🤩💪
When entering the trading business you will have winners and losers. Not everyone will succeed. I succeeded within 1 year. Some people are just meant to be traders. Its a very, very, very difficult field. Not as easy as many think. My best advice paper trade for as long as it takes until you know your ready.
Because one you enter the LIVE market. You're a small fish swimming with hungry shark's ready to snatch your money and leave you for broke.
This here is a GROWN MANS game people.
if you risk 1% and go for 1% and you take 5 trades a day, or 1300 trades a year, and win rate is 60% that's 0.2% a trade or 260% returns not counting for compounding, which will be more along the lines of 500-600% return on a year. 55% win rate is almost 200% compounded.
now realize that if you just take the best trades, you'll most likely be able to get 60% or maybe less sometimes but more R:R
what im saying is, its more about how good the trades you take are, not about whether you risk more than 1% on the account.
my problem is that I actually take a lot of decent trades, but the few losses that get big usually get way too big.
im going to try and focus more on the numbers and the setups because taking the best setups and avoiding the bad ones is literally already enough to do quite well.
understand if u can make 2% a month ur a top trader. If ur account is low,Trade small save invest in it and grow it
20% yearly return is top notch. we do it with leverage
you must be new, day trading is calculated in $ and not %, you could % obv but aint how thing work
it depends on the account size and market conditions, some of the good corona months, some traders i know made like 160% in one month risking 1% per trade
it depends on the account size and market conditions, some of the good corona months, some traders i know made like 160% in one month risking 1% per trade
I'm spread trading the US30. Some days like 25-Mar-24 were very slow moving intraday. Is there a way I can tell beforehand if the day will be slow? For instance using pre-market volume as a sign?
Nice