I'm sure I'm not the first one to post one of these. And likely won't be the last.
I am trading a breakout strategy. The pros are high win rate and limited market exposure, the cons are bad risk-to-reward ratio and trading without a stop-loss. Since it's a $25 investment, no big deal if (more like when) disaster strikes. If, however, I am able to put some good trades together, I will have an incremental withdrawal strategy so as not to be empty handed if/when the account buster hits. Ultimate goal is to get to $100K by increasing lot size each trade while still maintaining a somewhat sensible level of margin.
1st trade was a win. Currently sitting at $27.32
I am trading a breakout strategy. The pros are high win rate and limited market exposure, the cons are bad risk-to-reward ratio and trading without a stop-loss. Since it's a $25 investment, no big deal if (more like when) disaster strikes. If, however, I am able to put some good trades together, I will have an incremental withdrawal strategy so as not to be empty handed if/when the account buster hits. Ultimate goal is to get to $100K by increasing lot size each trade while still maintaining a somewhat sensible level of margin.
1st trade was a win. Currently sitting at $27.32