PF,sure I understand little bit concept of equity SL. What I don't understand is, how somebody who's profit target is 2-10% a month profit could burn his account in short period of time? {quote} Sure,no problem,is your right to say,what you want to say.
there is no exact profit target. the target to make a living.
sit back, and think over how high exposure and sudden strong moves affect equity, if fail to obey equity SL.
understand how margin call works, and how the broker closes trades out.
and yes, at this current point i feel you are wasting time, mine and yours.
yours is your to do as you please with, and mine, kindly stop wasting.
all the answer you should need is there. i am not about to teach very basics.
i wont go to grid sizing, the position sizing, and such.
as for human errors, like ignoring a trading principle, i wrote enough in that 5 part aftermath summary.
you said you lost your account, i am sure you know why you had. or not. there is always a simple and a complex answer.
i gave in the journal both.
this is how much i can offer you. and it is really the final answer to you on this topic of loss.
on your profile you chose a quote:
"You cant start the next chapter of your life if you keep re-reading the last one"
is that what you would suggest to everyone? or you want me to keep re-reading because of you are not reading back?
happy trading!
there is always, always another trade!!
) mostly because of poor MM a bad decisions,not following the rules. Trading what I wish,not what I see.When I realize I need only 30 pips a day I start counting pips and when I learned how to make certain amount of pips,it was not that hard to convert them to money and I'm getting my account back now without refuelling it.
