The reason why most people blow accounts has nothing to do with the way they trade. It’s just that most lack self control and proper risk management. Set parameters… how much are you willing to lose per day? 2% is a good start, risking 1% per trade; if you reach this threshold you simply smile, nod, close your charts and hunt the next day.
@traderdaye Knowing your self is really important. Are you feeling after losing 2%? Me for example I get emotional after losing around 10% so I stop at 6%. This allows me to check my mistakes cold minded and gives me enough time to recover also the WR of my strategy has red lights at 5%
@traderdaye How to grow a small set up without leverage? Risking 1% is like 10% on a 10x lev. I find it really hard to overcome the urge to use the leverage as I'm growing from a small portfolio. Any advise how to grow a small account mate? Cheers
@traderdaye Yes also I'm send profits to stacking and can't withdraw this for 24h so even if I'm angry want counter trade etc. Its impossible. Next day I'm coming with clear mind and chill 😎
@traderdaye Risking 1%-2% depends on the setup and R/R, sometimes closing before price gets to my sl, invalidation is a sl too
@traderdaye Hey, what platforms do you use to trade Equities, Commodities and Crypto?
@traderdaye I’m a smol boy, I risk .25%