| EvilEye | May 16, 2019 8:52am | Post# 1156054 |
Disliked {quote} Well Bon Jovi did not help me there loss 23 pips. My biggest problem is large spreads at night and my ego!!!! Why do we go on hard pairs to prove a point. Why don't we just stick with the low hanging fruit!!!
Why do you have 23 pips available for stop loss?
I mean... do you just hate your account and want it to margin out?
I have tiny stops, 3-4 pips and let them get hit if I am wrong (which sometimes happens).
Trade in a way to trade another day.
You can't build an account unless your accuracy is close to pin-point.
You can't control your emotions if you have crazy big stoplosses far from your entry and have to sit through agonizing drawdown followed by eventual margin call. Better to die from a thousand paper cuts than the one knockout blow trade that you got wrong.
...and you can't deal with crappy price ranges unless you abuse the leverage the broker gives you - which increases the your risk, but then if you have accuracy and a small stop loss you might even stand a chance.
So many things weighted against your success at this. A newbie coming to trade FX with real money is like showing up to Wimbledon centre court in a tennis match against Djokovic - with no idea how to play tennis, zero practice, and armed with a toothpick instead of a racquet. What hope have you got? | 
