I'm fairly new to FF and also to this business, but the reason why im opening this thread is to seek for some advice from the experienced trader, i am here not to show off but to sincerely ask for help.
I started off trading in this business 2 years ago, been through the normal stage how a normal trader does (lost money and all). So, my current situation is, I deposited 10k and started off freshly. And able to achieve the following result:
Deposit: 10,000
Profit/Loss: 21,474.42
I was able to achieve 2-5% daily rate of return so this is the result, i basically trade my account majoritily on commodities like silver, gold, crude oil. I scalp trade with other major pairs. Leverage is 1:100, and i made this profit in 2 months time.
Now, thats the question, I told someone here in FF and he said im crazy (ill share my trade explorer if you are here to offer me real good advice), its been a joy ride for me so far, but i know things wont be this smooth forever, so i need some advice in the long run, how should i do to maintain, my goal is to reach 100K, is that possible?
More information,
I risk 1-3% for short term trade, 5-7% for the long term trade.
Please, any suggestions?
I started off trading in this business 2 years ago, been through the normal stage how a normal trader does (lost money and all). So, my current situation is, I deposited 10k and started off freshly. And able to achieve the following result:
Deposit: 10,000
Profit/Loss: 21,474.42
I was able to achieve 2-5% daily rate of return so this is the result, i basically trade my account majoritily on commodities like silver, gold, crude oil. I scalp trade with other major pairs. Leverage is 1:100, and i made this profit in 2 months time.
Now, thats the question, I told someone here in FF and he said im crazy (ill share my trade explorer if you are here to offer me real good advice), its been a joy ride for me so far, but i know things wont be this smooth forever, so i need some advice in the long run, how should i do to maintain, my goal is to reach 100K, is that possible?
More information,
I risk 1-3% for short term trade, 5-7% for the long term trade.
Please, any suggestions?
That's a phenomenal result, even if you reduced the risk levels by half to satisfy the tastes of other members here, you'd still have an impressive return. As far as I'm concerned, what ever you're doing, keep doing it. If I had throw in bits of advice, I think it'd be to simply know the weakness of your trading system, and be able to handle the worst market conditions that you can imagine - or find in chart histories and finally to keep a clear head, ie be neutral with emotions during trading, it's all good now, but imagine a series of deep draw down losses.