i will definitely keep trying and trying, started forex because I had a dream of becoming rich but I think that clouded a lot of my trading.
Thanks for the advice.
What is a realistic goal to aim for?
My last $150
- Thread starter iamnewuser911
- Start date
Thanks for the advice.
What is a realistic goal to aim for?
Fake? That sounds rude but I'm going to ignore the negativity. Since I really want to be a trader. Not some only talk.
realistic goals exist in a different occupation
this is not a filed of realistic goals...
out of a billion spermatozoids in the vagina, who all have the goal (you call it realistic ?) , only one will impregnate the egg.. the rest will die...
same here...
all the traders try to reach it hopping that at least they are in vagina, and not in the deep a@@ with no egg at all, and just the shiT at the end...
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With $150? If you even don't understand that will be impossible with this amount of money you will never be a trader. I can explain why, but i don't want to be rude.
At 10 cents a pip he can lose 1500 pips, forex is amazing for starting low, losing, learning and becoming consistent before you move up. Forget the money you have, work at becoming consistent then step up. Dont buy into the negative crap on forums.
You are going through the early stages of learning self control, you will find that six months to a years break from trading will do you a world of good especially given that funds are not there to continue. In trading as a rule of thumb weak hand gets flushed out, thus chances are you'll lose the $150 no matter what...Best thing you can do is put the break time to good use and develop your ideas and self discipline...Best of luck.
With which broker you can open a $150 account?
Trading a micro position leaves no room for error. And capital management is impossible with $150.
Trading a (very) small account is more difficult than trading a bigger one.
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You contradict yourself. You say you have a system.
But a system prevents revenge trading. With a system, you only trade when your system gives you a signal. So either you really don't have a system or for some reason you choose to abandon your system.
Revenge trading is for discretionary traders. System traders should know better.
I agree with those who say you should go back to simulation trading until you learn how to control yourself (stop revenge trading).
He already has an account he is down to his last $150, trading a big account when you cant trade just results in a small account, the most he can hope for with this 150 is to work on his psychology which is what seems to be at fault here, once he becomes consistent account size means little as he can build on it, accidents bad days and shit happens will happen, a larger account will give a consistent trader a buffer to that but we cant all start big.
Forget dollar amounts, as long as you are following the plan, and keeping a nice equity curve with limited drawdowns, all this is already yours, just need to wait a bit.