I am a new guy, how much do I expect to lose before I make it
- Thread starter doublef
- Start date
Murray Ruggiero
Sponsor
Your not asking the correct question because it depends.
I would spend time learning and studying first maybe 6 months or more before even taking a trade. I would also purchase a backtesting platform like TradersStudio so you can test ideas out.
Also what are your expectations for income, if your happy with 10%-15% a year you will lose less than trying to make 30% a year.
I would spend time learning and studying first maybe 6 months or more before even taking a trade. I would also purchase a backtesting platform like TradersStudio so you can test ideas out.
Also what are your expectations for income, if your happy with 10%-15% a year you will lose less than trying to make 30% a year.
I am a relatively new single contract NQ trade. I agree with the gentleman quoted below absolutely. Survive and lean and over time it is possible to prosper.
This does not mean you should cut your winners short or trade in other non-productive ways but it does mean you need to play for small steaks.
This does not mean you should cut your winners short or trade in other non-productive ways but it does mean you need to play for small steaks.
Depends what market ur talking about. ES has made sum beautiful moves lately.....
No kidding, the last week has been awesome for intraday ES trading. First half of Oct was rather slow I thought.
I lost a lil over 20K(trading ES) before I ended up consistently in the black. But I admit I was trading too much size for my exper level when I first started trading live.
lesson learned.............
lesson learned.............
