Tribute to Brooks
- Thread starter padutrader
- Start date
Nice last trade, but why are you scaling up so aggressively?
You started trading 2-3 0.01 lot sizes on a $4500 account, now you are trading 2-3 0.5 lot sizes on a $5000-$5500 account.
You are over leveraging again and it might give you a confidence boost when you are making money, this is the exact reason why you keep blowing out your live accounts.
Reduce your size, there is no need to make 5%-10% profit in one trade. Slow and steady wins the race.
You started trading 2-3 0.01 lot sizes on a $4500 account, now you are trading 2-3 0.5 lot sizes on a $5000-$5500 account.
You are over leveraging again and it might give you a confidence boost when you are making money, this is the exact reason why you keep blowing out your live accounts.
Reduce your size, there is no need to make 5%-10% profit in one trade. Slow and steady wins the race.
thanks for that
i really have to work on that aspect of my trading..in demo you can do things.....
but i am really trying to get some sort of method into my trading......
system implies rigidity.....but yeah some sort of system
.... Al, is that you?!
But seriously, you know your stuff.
So... do you trade Brooks style and does it work for you?
I do. It seems to be working - i just sim trade for now until I refine my market reading though. Im still fairly new to trading so I am also refining how i trade on sim too. Ill be live soon though.
Follow through
AUD is usually immune even to the major economic data release.
nowadays volatility on data releases even NFP....has reduced considerably..