jl..we will start here as i think u need this..it will become obvious why as we go on..as u can see..there are no formalities required..no need to worry about capitals or spelling..just type what u think and dont waste time with silly things..learn to concentrate on what u must do
most leave the end for the conclusion..i am different..so..here is the conclusion now before we even start
conclusion..most of what u will learn about trading is complete and utter
"bollox"..making money trading is easy..keeping the money u make..be it daytrading..swing..or position trading..is a different story..and requires a person to make some drastic changes to their habits and character..those who fail to do this will more than likely fail..as without the required changes the same old thing will just keep happening over and over..until such time as no money is left to trade with..and "another one bites the dust"
so..on we move..and be prepared JL for the numerous posters to criticize and post smart comments..as this needs to happen for a reason..those who can see beyond the stupidity of the majority can post comments that will assist u if they desire..their choice
you have been given the mantra as follows..
Every trade is a loser, until closed with a profit
burn it into ur brain..for u are going to need to truly believe it..as..the only guarantee when trading is that you can lose..if u are stupid enough to keep letting that happen..then u will get exactly what u deserve
you are also going to look up IB in relation to student account
next step..get a diary..and a calculator..write down in front pages what ur capital is..so..start with the minimum that IB requires for student account plus $500..not a penny more..keep the rest in your bank account as backup..u might need it
i want u to do a very simple calculation in the diary..write it in..write in "My max $risk per trade is 1% of my IB trading account value"
let us know what it is..and better..show us a screenshot so that we know u have done exactly what u were asked to do..u better get used to being asked to show what u have done..otherwise u might be told to get lost and stop wasting peoples time
once we have your max risk per trade we can then move on and look at how to achieve that..i take it that this is very easy to understand and follow
J_S