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-   -   How to not gloat over small success? (https://www.forexfactory.com/showthread.php?t=843919)

newbietofx Nov 5, 2018 5:47am | Post# 1

How to not gloat over small success?
 
I've been pretty lucky this past 3 months as I recovered and made a small amount of money.

Now this is where the shit hits the fan. The last time this happens. I blew up 2 accounts.

I'm making about 3% per month. But it's not helping me to quit my teaching profession.

Should I raise my stakes? How do you ensure you have a winning system?

Pretty scary to raise my capital to $15k.

Oldtraderman Nov 5, 2018 6:25am | Post# 2

I've been pretty luck this past 3 months as I recovered and made a small amount of money. Now this is where the shit hits the fan. The last time this happens. I blew up 2 accounts. I'm making about 3% per month. But it's not helping me to quit my teaching profession. Should I raise my stakes? How do you ensure you have a winning system? Pretty scary to raise my capital to $15k.
If you don't know you have a winning system then you definitely should not be raising your stakes!
You need to keep on refining what you are doing, learning and gaining experience, and build up a really solid track record at tiny stakes. Only then should you consider raising position size.

Even then, let the account build. Wait until you really know you know what you are doing, until you have experienced pretty much everything bad the market can throw at you, and still come up smelling like roses. Only then you are perhaps ready to risk a bit more.

Good luck!


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