That's why I like a $10,000 account. Build up to $15,000, withdraw $5,000, give the first $5k to your spouse to do with what they please, no questions asked. Build up again, withdraw $5k pay off the car, whatever....on and on. It of course can be done on any size account.
The beauty of this, and I believe we talked about this a few weeks ago, is that the trade lot size and the trading psychology never changes... from 10-15K.. then repeats 10-15K, over and over again. It is a wonderful thing and very doable.
Hi Lawgirl am a long time lurker and admirer of this thread as to account sizes with brokers I think the thing to do is keep as much of your own money in your own bank account and then synthetically trade with your broker. that is if you've got 10,000.00 to play with stick as little as you can with your broker say 3000.00 and then trade 2% per trade of 10k. you will of course have to watch out for margin but I think its a safer way to trade.
The beauty of this, and I believe we talked about this a few weeks ago, is that the trade lot size and the trading psychology never changes... from 10-15K.. then repeats 10-15K, over and over again. It is a wonderful thing and very doable.
Hi Lawgirl am a long time lurker and admirer of this thread as to account sizes with brokers I think the thing to do is keep as much of your own money in your own bank account and then synthetically trade with your broker. that is if you've got 10,000.00 to play with stick as little as you can with your broker say 3000.00 and then trade 2% per trade of 10k. you will of course have to watch out for margin but I think its a safer way to trade.
Nothing could be further from the truth - I am absolutely delighted with last weeks pip count.
The chart you posted really has nothing to do with the method LawGirl is trying to set forth here.
