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It's large enough for me to have to deal with the psychology of a losing trade, but small enough not to have to worry about liquidity. I'm trading Forex so it would have to be many times the size before I need to worry about that. I'd prefer not to disclose the amount.

attached an equity graph for May->end of 2011

72% for 2011 trading mostly cable, though at one point I was about 30% down from my initial investment and almost quit. Given it's my first years trading I'm very happy with this! (Started mid-May). However it's quite a tiny account. I still feel I'm learning so it'll stay as a tiny account...

Thanks for all the advice guys. Today was a profitable day for me, and without this thread would have been a loss instead. gtor514, I completely agree. That's why I made this thread - I couldn't understand what I'd done wrong and absolutely had to find out. I was half expecting the answer to...

Listen to me carefully, you need to improve your humour detection skills even if the humour isn't very funny :p I can happily inform you that should my account blow up (live or demo), I will NOT be throwing computers, monitors, or even myself out of the window :eek:

Okay I didn't take my own advice to make fewer trades, however things are picking up. I've pulled back some of my losses now by making good use of the support lines and relying a bit less on MACD. I haven't got the fibonacci retracements to work for me yet, but I've still hope for them...

I can't believe you've soiled my name :-( It was all so innocent in my mind until you pointed that out, arghh :mad: Yes, I'm trying to keep a better eye on long-term support lines now, though I got a bit burnt last night when I went short overnight - I had a stop loss in place at least. Now...

Thanks Jaba, that's incredible. I'm amazed that you found all those warning signs that started a fortnight ago! :D Support and Resistance is a new concept to me (I did say I was a newbie, right?) but from what I've read and from what you've just pointed out it looks to be quite powerful. It's...

Hello, I'm new to EliteTrader and also to Forex :-) Thankfully I'm only playing around with toy money at the moment, otherwise yesterday my neighbours would have witnessed a computer and two monitors go flying out of my window (and maybe me with them). Basically, after seeing the market...