what happen to FrostCall ? http://www.frostcall.com/mt4/statement.htm
This is a good lesson for us. If i am not wrong, by looking at his statement, he is using 50X15 x1.5 trading 0.01 lot. He started $80 for the day and when he reach level 9 trade he got a margin call and his position got close out automatically. What's importance here is that u MUST have enough money to cover the DD before it TP. This also tell us that do not over leverage ur account and get blow up because u don't have money to cover the DD.
It happen to me on Monday as well. I was too confident on my own setting and I set the lot which I could barely make it for the DD and got close out because of not enough money. If i were to reduce the lot, my trade on Monday could have been a winner or a small loss.
This is a good lesson for us. If i am not wrong, by looking at his statement, he is using 50X15 x1.5 trading 0.01 lot. He started $80 for the day and when he reach level 9 trade he got a margin call and his position got close out automatically. What's importance here is that u MUST have enough money to cover the DD before it TP. This also tell us that do not over leverage ur account and get blow up because u don't have money to cover the DD.
It happen to me on Monday as well. I was too confident on my own setting and I set the lot which I could barely make it for the DD and got close out because of not enough money. If i were to reduce the lot, my trade on Monday could have been a winner or a small loss.