Dont EVER let yourself become THIS guy!!!
Account management. This is why 2-5% risked per trade is the right size per trade.
I don't know anything about stock futures, but this guy either didn't set a stop, or he made a trade with like 50% plus of his account.
Well...whatever the reason is for this guys distress, remeber this, risk only 2-5% per trade. Why? well if you do trades at 2%, you can lose 10 trades straight, and still have 80% of your account left.
Click the link below to see what I'm talking about.
CAUTION EXPLICIT LANGUAGE !! But funny as hell !!
http://www.break.com/usercontent/200...PeYUj_gikw3Pmg#
They should make this video a requirement for anyone opening a retail trading accout. LMMFAO!!! AGAIN !!
Trade Life !!
Account management. This is why 2-5% risked per trade is the right size per trade.
I don't know anything about stock futures, but this guy either didn't set a stop, or he made a trade with like 50% plus of his account.
Well...whatever the reason is for this guys distress, remeber this, risk only 2-5% per trade. Why? well if you do trades at 2%, you can lose 10 trades straight, and still have 80% of your account left.
Click the link below to see what I'm talking about.
CAUTION EXPLICIT LANGUAGE !! But funny as hell !!
http://www.break.com/usercontent/200...PeYUj_gikw3Pmg#
They should make this video a requirement for anyone opening a retail trading accout. LMMFAO!!! AGAIN !!
Trade Life !!