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"Beginner" really need advice 49 replies
Script to change EA to long only/ short only at a price level? 1 reply
Advice Only. Relating to One Liners in the Members Forum, but not very Concise. 3 replies
Need advice on Trading BIG TF with only TL 7 replies
beginner advice please 8 replies
Disliked...hmmm
I'd say: trade according to your capital - or trade large if you can, otherwise you won't get rich.
regards
daytradingIgnored
Disliked...
I don't promote unnecessary risk -but if you f*ck about with microlots forever, you might as well empty bins...
Ignored
DislikedI have to agree with SL here... If you're saying that you won't get rich unless you trade big implies that you are not rich yet and therefore can't have a big account so how can you trade big? Only by taking on unreasonable risk.
daytrading, I know you are a good and experienced trader and probably wouldn't purposely dispense such irresponsible advice, but if you read back through your post, you will see how it might be construed in that way.Ignored
QuoteDislikedhttp://www.forexfactory.com/images/icons/icon1.gif I was going to stay out of this, but...
...why didn't you?
DislikedYou will never get anywhere if you are not sufficiently capitalized.
But if you try to make what I make with an underfunded account, you'll spend the rest of your days counting pennies.
A hedge fund that produces on average 9% annual return can live with that because they have usually more than $1billion under management - if you do 90% per year on $30K, that's still nothing in comparison - even compounded.Ignored