Hi everyone,
just to be sure that I understand what you´ve said Bilstein, and that I do not try to shape it the way I would like to read it ;o).
You mean that in your theoretical example, even going from 20 000 to 100 000 (even if the 2 numbers are just there for example obviously, it is still 400%, not bad hey!!!!!), you will probably take too much risk wanting to get there too fast, and so the chance of you not reaching this first goal is already very big.
So it is better to trade your 20 000 with the smallest lot (1000 in your example, which is 1:20 trade size, so very conservative) while you are still putting found regularly in the account in order to reach “safely” the 100 000 and still learn and trade “as safe as possible” on the way.
At the point you reach the goal of 100 000 (just an example I repeat, every one put whatever number they want/need, depending on their goals), you then carry on in the same safe manner.
And well if you are still working, then you can still add each month (or withdraw less than you earn on the account from your trading), so that you carry on building up the account. That way, with time, you carry on having a better return each month (or you can lower your risk even more, for the same kind of return), trading the exact same “safe” way.
I think it is what you meant (don´t hesitate to correct if I misunderstood please), and I have to say with my modest experience so far, I completely agree with that. It seems like the “poco a poco” way to go, and so far has appeared very safe and quite relax to me.
I have to add as well, that I understand that some people could see that as “managing your money” and not trading (good for them, I completely respect that point of view), but I like that way of “managing” very much.
Cheers,
J-F
just to be sure that I understand what you´ve said Bilstein, and that I do not try to shape it the way I would like to read it ;o).
You mean that in your theoretical example, even going from 20 000 to 100 000 (even if the 2 numbers are just there for example obviously, it is still 400%, not bad hey!!!!!), you will probably take too much risk wanting to get there too fast, and so the chance of you not reaching this first goal is already very big.
So it is better to trade your 20 000 with the smallest lot (1000 in your example, which is 1:20 trade size, so very conservative) while you are still putting found regularly in the account in order to reach “safely” the 100 000 and still learn and trade “as safe as possible” on the way.
At the point you reach the goal of 100 000 (just an example I repeat, every one put whatever number they want/need, depending on their goals), you then carry on in the same safe manner.
And well if you are still working, then you can still add each month (or withdraw less than you earn on the account from your trading), so that you carry on building up the account. That way, with time, you carry on having a better return each month (or you can lower your risk even more, for the same kind of return), trading the exact same “safe” way.
I think it is what you meant (don´t hesitate to correct if I misunderstood please), and I have to say with my modest experience so far, I completely agree with that. It seems like the “poco a poco” way to go, and so far has appeared very safe and quite relax to me.
I have to add as well, that I understand that some people could see that as “managing your money” and not trading (good for them, I completely respect that point of view), but I like that way of “managing” very much.
Cheers,
J-F