You also have to keep in mind, when dealing with money management, the size of your account and how it affects what you do. Those trading with a $1M+ dollar account may only be looking to snag 10 pips a day, which would equal around $5,000 a day.
I'm assuming that you're using a small account and thus are trying to hit a Home Run every time up to bat. The reason is that getting 10 pips a day to you is insignificant, money wise, so you're willing to "risk" more often and thus you "lose" more often.
Instead of quitting after four years, go back and do many of the things that these people are telling you. Concentrate on getting the 10 pips a day and worry about "account %" and not the amount of money you're trying to make...otherwise known as "money management".
If after a year or so you're continuing to get that 10 pips a day (1/2 % a day), by the end of the year your account should have grown about 150%. If you can show a documented growth rate of 150% in a year, then you'll have no trouble finding family and friends willing to invest in your own hedgefund.
I'm assuming that you're using a small account and thus are trying to hit a Home Run every time up to bat. The reason is that getting 10 pips a day to you is insignificant, money wise, so you're willing to "risk" more often and thus you "lose" more often.
Instead of quitting after four years, go back and do many of the things that these people are telling you. Concentrate on getting the 10 pips a day and worry about "account %" and not the amount of money you're trying to make...otherwise known as "money management".
If after a year or so you're continuing to get that 10 pips a day (1/2 % a day), by the end of the year your account should have grown about 150%. If you can show a documented growth rate of 150% in a year, then you'll have no trouble finding family and friends willing to invest in your own hedgefund.