Hi all,
After years of trying to turn a few thousands into millions in a short period of time. And blowing multiple accounts. I took a step back for a year or so. And realised that with slow consistent gains. Adding a few hundred a month and using compounding I could essentially have an account large enough to live off in under 10 years.
Question is, can you sit back and trade for only 0.1% or 0.2% A day. With a possible drawdown on an account of up to 20% to yield this. Are you able to do that?
That is the question I'm faced with. But the idea of letting an EA do the work on relative low risk sounds great.
After reading countless books from the top traders, it seems the long term plan on small gains is the way forward.
Do you have the mental patience to do this? Searching within yourself is key.
After years of trying to turn a few thousands into millions in a short period of time. And blowing multiple accounts. I took a step back for a year or so. And realised that with slow consistent gains. Adding a few hundred a month and using compounding I could essentially have an account large enough to live off in under 10 years.
Question is, can you sit back and trade for only 0.1% or 0.2% A day. With a possible drawdown on an account of up to 20% to yield this. Are you able to do that?
That is the question I'm faced with. But the idea of letting an EA do the work on relative low risk sounds great.
After reading countless books from the top traders, it seems the long term plan on small gains is the way forward.
Do you have the mental patience to do this? Searching within yourself is key.