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It gets easier the more you try. Also it might even improve your trading. You can take a break from the markets, they will always be there along with the opportunities.

I found a much better use for statistics once I had something to actually work with. In fact, it took me much less time to get proficient at statistics and probability than it did to get proficient at trading. And yes, simulators and paper trading are probably the most valuable training tools a...

I get the feeling you are a discretionary price action type trader, my advice would be to stop focusing so much on the theoretical/mathematical part of it, and putting more time infront of the screen watching the markets, preferably using a simulator or a paper trading account. If you enjoy...

Unfortunately not, no.

You said you stopped using stop losses because you got stopped out by spikes, using stop losses is extra important if you are trading shorter term with higher leverage. What happens if you’re caught on the wrong side of a large move and your power cuts or internet goes down? Those one time...

If you don't have time to set the stop loss, it will probably get stopped out anyway.

Sounds like your using a closer stop than you want to.

Doesn't sound much like "pure" price action, sounds like an overly complicated system. If you want to learn how to trade price action, choose ONE market and ONE timeframe. Sit and watch price until you start to get a feel for it.

Apparently you didn't read them.

If you can compound like that you shouldn't need funding, you will be as rich as you'll ever need to be in less than a year.

Al Brooks follower?

Haven't I seen this thread before? :confused:

Yes that is true, its not for the average Joe anyway. Not sure why anyone would want to trade with only $10k and have to withdraw and spend $5k a month, sounds like a quick way to burn out.

I agree with you, but my post was reffering to the one I quoted mentioning having to make 50% on his account a month to make $5000 if his entire account is only $10000. He would only have to make 50% the first month. If he did he would have $15000 to trade with the next month and only have to...

You only have to make 50% on your account the first month :)

Or you could have too little capital to devote to trading, but I get the impression that Bekim is profitable but wants to reduce his transaction costs. If so there are really so many ways about it. I believe the most important part is learning where every dollar flows in and out of your trading...

I think the answers you would get would not be very useful to you since they would be very subjective and differ greatly depending on those traders particular trading styles. Instead if you want to reduce the cost of trading go compare rates of brokers and find one which will be suitable for...

No it was not irrelevant you just didn’t realize I was answering both his questions. However what you answered is irrelevant since he didn’t specify that he earned 2.5 points a day and traded 20 days per month.

Yes. There are so many variables that determine the outcome of your trading that any one on it’s own, ie position size, is useless in forecasting it. You can take a 1 point profit trade on 100 lots or 100 points profit on 1 lot, make 1 trade a day or 1 a month for example. To calculate...

The book ‘trade your way to financial freedom’ is a great source of information for beginners looking to learn about trading systems. Highly recommended.