If you like trading freely, keep the margin call at bay. I find money management a good way of organising. I don’t know how everyone else does it.
Use risk management as your foundation. Risk no more than 2% or 1% as they suggest of newbies trying to trade the stockmarket. Use only that amount per trade. It may surprise you that it only takes a small amount of monies to make huge amounts of monies over time. Go back to the drawing board and study how to trade. Make sure any trades you make is aligned with the trend of that stock. That is simple enough to do and enter on pullbacks on a strongly uptrending stock.
Like most traders I obviously feared getting a margin call but now thinking if it is a warning call for the better, so we get the sign that it’s either time to strategize or rethink risk management.
Hey there! I’m the unfortunate one with margin callsMaybe he has and choose not to interact with the post. You never know.
Actually I don’t get how traders can get to a point where they are not aware where their account is headed. I am just stunned!Margin calls shouldn't be feared, but you shouldn't be waiting for one to give you a sign about your risk.
Actually I don’t get how traders can get to a point where they are not aware where their account is headed. I am just stunned!
Trading against the trend? I wouldn’t even dream of it for a long time now!Agree. The same works with futures spreads. Those trades that have seasonality corresponding with an actual trend are the best trades. Trying to go against the trend (pick turns) usually cost me money
I know, that would be ideal right?! But I think I have had a more careless attitude in the past for which I obviously paid the price. Now I’m making up for it by being extra cautious and constantly being alert.Margin calls shouldn't be feared, but you shouldn't be waiting for one to give you a sign about your risk.
I hold kinda similar view. If one is not ready mentally, physically, financially to trade, they simply shouldn’t. It’s no point dragging on and losing what you even started with.Actually I don’t get how traders can get to a point where they are not aware where their account is headed. I am just stunned!