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Treat it as a business expense rather than a loss.

Do what is right for you in this moment but with an eye to the future. You can slim your position perhaps if you need the money but I think longer term the $100k BTC isn't far fetched.

Why I prefer to use a S&S ISA in the UK over a Cash ISA.

Exactly. Most focus on the financial aspect of what trading can offer but ultimately money equals time. And if you're making a good living but spend 18hrs a day in front of your screen are you really wealthy or just rich? All you need is something that works consistently. Don't complicate it if...

Sometimes that's all you need. Especially as most of us have a long or short bias in terms of seeing opportunities.

I think 1:500 is an absolute maximum and should give you plenty of wiggle room. Just because you have the available margin doesn't mean you have to use it all. I always use a calculator to calculate my lot sizes based around fixed risk % and my SL. If you are using up all your margin then I...

I think demo is very useful in the beginning to help you practice and build a strategy. Once you have that though and it appears to be doing well that doesn't mean then go and slap 10k in an account and go live (unless you can lose that much). Start small and build as the psychological aspect of...

Possible to make very good money having reasonable targets for both. 50% win rate at 3R trades is very profitable long term if you can do it.

Biggest issue is thinking you have $200k to trade with. You don't. You have $20k. End of the day it is well known that prop firms like these make money on failed challenges rather than from profitable traders.

Was going to say Max Maher as well. Find his presentation style very good and with some good humour thrown in that doesn't detract anyway from the ton of information he is providing.

Don't ignore them but see if there are any lessons to learn. Often there will be and sometimes you will have done everything according to your plan and the trade just went against you. Variance catches up with all of us.

Happening in other western countries as well to be honest.

This is an area I really need to look more into. I doubt at any point I'm going to get $3m for a doodle but there is surely scope to monetise this longer term and build a business around it.

I hope they don't pull a Funding Talent on you! Agree about the process being lonely. Why these sorts of forums are often good for our mental health. If nothing else as a soundboard for our ramblings!

Damn fat fingers!! ;)

:D if it did I can't decide if I think these forums would be dead or even busier.

Lower your capital and lot sizes if not profiting long term or even consider going back to demo for a while - no shame in it. What is your win %. Based on whatever it is, what risk reward on average do you need to break even or profit. Go from there.

Still very much at the early stages of its life at the moment so many cryptos act like any emerging market would.

Impossible for anyone other than you to know this I'm afraid. Only you know your mentality, time constraints, risk tolerance, patience etc.

You might be able to claim some back through forex cash back schemes with brokers that are on board. Might only be on winning trades though not sure.