I started trading live this month, and i have made 24 pips, and 4% gain on my account.
hooray for me
hooray for me
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Disliked24 pips equate to 4% of your account? Sounds dangerous to me. All you need is 600 pips to wipe out the whole account. That happens very very fast man.
I'm thinking you are overleveraged.Ignored
DislikedI started trading live this month, and i have made 24 pips, and 4% gain on my account.
hooray for meIgnored
DislikedI started trading live this month, and i have made 24 pips, and 4% gain on my account.
hooray for meIgnored
Dislikedi trade about 2-3 times/ week. if my confidence is high, i place 2 lots, each lot is 1k, this is will be done with multiple exits. if my confidence is lower, i will be placing 1 lot trade, each lot of 1k.
my account is $250, and each pip is maximum of 20 cents.Ignored
Dislikedhooray for you sure, but how did you get 4% with 24 pips if "each pip is maximum of 20 cents"?
-Ignored
DislikedWhen 1% of your account is equal to 6 pips, you're overleveraged, no matter what anyone says.
The fact you posted it tells us that you've invested a lot emotion into winning. That's a BAD THING!
What happens when you lose 60 pips, which can be done very quickly, btw, and you lose 10%+? And don't think it won't happen, because it will and probably a lot sooner than you think.Ignored