Risk 10 pips/trade with full margin - 10 straight loses to $0

I am trading a very small account and will take very position with full margin on 100:1 leverage. To manage the risk to about 10% per trade, I place 10 pips stop, including the spread on every position. The risk is very high. One 10 straight lose at any time, regardless how big the account grow, will bring it to $0.

I will focus on finding my emotion reaction when I trade with such a high risk setting and will update here when I can.

Your recommendations, suggestions and criticisms are welcome.

I will start upload charts of my trading here.

That will definitely give you a great overview of your emotional behavior.

Wish you all the best.

On the first lose of long EURUSD, I did see a closing signal and I should close the position before hitting SL. However, my emotion told me that I should hold on to it because every trade carries the same risk... Well I should listen to the market instead of my emotion to save few pips which represents few %.

I than open a short AUDUSD and need to manage my emotion for better result.

4 loses and 1 win for now. Must only trade my setups. It's every easy to lose 10 in a row and get my account to $0. I think I don't need to upload any picture because all the trading details can be found in the Trade Explorers.

Took a short AUDJPY position at 86.47 and maybe got it to at the support level. I enter this position because I believe the market will break the trend line and also am afraid of missing the large down side potential.

I need to trust my market view and hold on to this position as long as it's at this level.

I traded with fear and careless whole day long and took the account from $1,870 down to $1,220. I wrote notes on the my trade list of Trade Explorers for me to review them later.

I was trading totally out of my trading plan. Open and close trades without following my plan. The only good thing out of all the bad things is I did not increase my SL. As long as I follow this rule, risk 10 pips on everytrade, I may have a chance to stay in the market longer and hopefully can make some high return.

My week is over. Now I need to get used to my new balance that is $1,220. I must forget the high of the account and start all over again.

I must follow my trading plan if i want to make high returns and remember that 10 straight loses will get my account to $0.

Thank you for reading and have a nice weekend!

Good luck in your endeavor. How many pips do you target for profit? With a 10pip stop, your wins MUST be much much larger than your losses to survive an unforgiving market as ruthless as FX. It also implies your entries become extremely important too. You losses today show you ultimately got direction right(in hindsight of course! lol), but your tight stops and entries is the critical factor. And with the additional psychological pressure of keeping an open live trade explorer, I salute your effort and courage indeed! Good luck!