This is my opinion only, everything is mental, and mental is what have been creating problem for you. Supertrader, there's no need for you to be responsible or to create that " Proof That Ultra Profitable Trading Is Indeed Possible " with an existing live account here to show to people to shut their mouth or prove them wrong, or even to aspire them, its your own money, your own life.
To become a really good trader, it's never about how much gain you can make, which is the greatest mistakes most retail traders started out for, chasing gains. If you are aspired to become a trader but not gambler sorry to say that, you must be " discipline ", you must lay down your rules and guidelines. System of trading are created and always there, but the problem lies is the trader himself when he does the execution and when he manages his own trading ethics and emotions.
Take a step back from trading, get yourself off trading for a short while, after you have cool off come back, but don't attempt to trade that kind of money. As a normal retail trader, i personally think every $2500 account is quite substantial and not really healthy to keep opening one after another. Do yourself a calculation, how much profit and loss from your bank account as for now? the credit card u use to deposit and the amount that u actually manage to withdraw from your broker? Most retail trader falls into the trap of keep topping up their account, which is not healthy at all, it's not much different from a gambler/addict.
You see, if you are aspired to become a successful trader, its about maintaining the right attitude, the discipline and the consistency. I don't think that you are using that $2500 to earn yourself a living right? if so then you probably have to keep up the winning ratio over the losses and the dd so u actually get a withdrawal eventually, it should be money that is dispensable for you to use such leverage in the forex market because you must know the risk before u even take a trade.
If u have a day job or a source of income, please stick to that first. Meanwhile, there's simply no difference for you to trade demo or live account at this juncture. People who you want them to ring you up, are not interested in short term growth, they want consistency, even if you have just trade a demo account, but you prove that your system and execution possessed discipline, consistency and reliability, they would be more willing to entrust you to manage their fund/ employ u as a trader thereafter. Here's the problem that most retail trader turns trader do, they expect the same expectation or higher expectation while managing their own account with other's account, this is wrong .Every account has its own history, their trading lots and etc are different, the capital are different, u may says its easy, but when you are managing even a 100k account compared to your 2.5k now, it's definitely alot harder, sorry to say that not to underestimate you, but when you are there u eventually will experience what i am referring to, don't talk about risk% or pips points, the human psychology can go berserk during times.
Try this out, i think u mentioned this before, all the amount is the same, why not do this. Try a $1000 account after u have cool off but stick with 0.01 lot size per trade and execute 1 trade per time, do ur analysis and judgement of entry and exit, close 1 trade a time, eventually ur mind would be much clearer. Why am i recommending 0.01? You don't need to prove anything to anyone, u just need to build up your trading ethics, if you can accumulate a very low dd, with proper profits accumulations and account protection. Maybe lets say by 3 -6months time, u actually managed to accumulate 0.01 lot of about 3000-6000 pips. -> your portfolio is done
why?
Because trading is all the same, i known a trader who does 0.01 lot on his own account and the client's accounts are mirroring and copytrading that's all. In a way hes not emotional, also hes actually profitable and consistent. So to him, his 0.01 lot account is his discipline trading account like his job.
get the idea?
To become a really good trader, it's never about how much gain you can make, which is the greatest mistakes most retail traders started out for, chasing gains. If you are aspired to become a trader but not gambler sorry to say that, you must be " discipline ", you must lay down your rules and guidelines. System of trading are created and always there, but the problem lies is the trader himself when he does the execution and when he manages his own trading ethics and emotions.
Take a step back from trading, get yourself off trading for a short while, after you have cool off come back, but don't attempt to trade that kind of money. As a normal retail trader, i personally think every $2500 account is quite substantial and not really healthy to keep opening one after another. Do yourself a calculation, how much profit and loss from your bank account as for now? the credit card u use to deposit and the amount that u actually manage to withdraw from your broker? Most retail trader falls into the trap of keep topping up their account, which is not healthy at all, it's not much different from a gambler/addict.
You see, if you are aspired to become a successful trader, its about maintaining the right attitude, the discipline and the consistency. I don't think that you are using that $2500 to earn yourself a living right? if so then you probably have to keep up the winning ratio over the losses and the dd so u actually get a withdrawal eventually, it should be money that is dispensable for you to use such leverage in the forex market because you must know the risk before u even take a trade.
If u have a day job or a source of income, please stick to that first. Meanwhile, there's simply no difference for you to trade demo or live account at this juncture. People who you want them to ring you up, are not interested in short term growth, they want consistency, even if you have just trade a demo account, but you prove that your system and execution possessed discipline, consistency and reliability, they would be more willing to entrust you to manage their fund/ employ u as a trader thereafter. Here's the problem that most retail trader turns trader do, they expect the same expectation or higher expectation while managing their own account with other's account, this is wrong .Every account has its own history, their trading lots and etc are different, the capital are different, u may says its easy, but when you are managing even a 100k account compared to your 2.5k now, it's definitely alot harder, sorry to say that not to underestimate you, but when you are there u eventually will experience what i am referring to, don't talk about risk% or pips points, the human psychology can go berserk during times.
Try this out, i think u mentioned this before, all the amount is the same, why not do this. Try a $1000 account after u have cool off but stick with 0.01 lot size per trade and execute 1 trade per time, do ur analysis and judgement of entry and exit, close 1 trade a time, eventually ur mind would be much clearer. Why am i recommending 0.01? You don't need to prove anything to anyone, u just need to build up your trading ethics, if you can accumulate a very low dd, with proper profits accumulations and account protection. Maybe lets say by 3 -6months time, u actually managed to accumulate 0.01 lot of about 3000-6000 pips. -> your portfolio is done
why?
Because trading is all the same, i known a trader who does 0.01 lot on his own account and the client's accounts are mirroring and copytrading that's all. In a way hes not emotional, also hes actually profitable and consistent. So to him, his 0.01 lot account is his discipline trading account like his job.
get the idea?