Listen guys.
The thread is blowing thru the roof!!! congratulations.
There's something I've seen people doing and is not keeping an eye on their bankroll. Trading without fear is the way to go but you must draw a line between winning and losing what you just earned. The idea is not to start with 100 bucks on Monday and end up with 100.01 bucks on Friday. If that's happening to you buddy, I assure you, there's something wrong in the middle. You must play this game to win $$$, not to win pennies.
Breakeven is inevitable but don't hold yourself to that like is "acceptable"......would you rather be "A" student or a "C" student??
"C" Doesn't win money in this game...only waste your time....you gotta be "A" in order to make money......
I said this before...keep an eye on your equity...that's the true goal of this game. You're trading fast in order to build equity as the time goes.
If you feel that by Wednesday you're below your numbers, lower your load and fly low. Load control is a MUST on this business-game.
Don't take accounting out of trading. It's part of it.....
Ultimately the whole show is a numbers game.......
Carry on...good luck.
The thread is blowing thru the roof!!! congratulations.
There's something I've seen people doing and is not keeping an eye on their bankroll. Trading without fear is the way to go but you must draw a line between winning and losing what you just earned. The idea is not to start with 100 bucks on Monday and end up with 100.01 bucks on Friday. If that's happening to you buddy, I assure you, there's something wrong in the middle. You must play this game to win $$$, not to win pennies.
Breakeven is inevitable but don't hold yourself to that like is "acceptable"......would you rather be "A" student or a "C" student??
"C" Doesn't win money in this game...only waste your time....you gotta be "A" in order to make money......
I said this before...keep an eye on your equity...that's the true goal of this game. You're trading fast in order to build equity as the time goes.
If you feel that by Wednesday you're below your numbers, lower your load and fly low. Load control is a MUST on this business-game.
Don't take accounting out of trading. It's part of it.....
Ultimately the whole show is a numbers game.......
Carry on...good luck.
Peace