Hi
One silly question in wrong forum.
I learned trading myself 2 years back learning from babypips, forexfactory and following lot of gurus.
What worked to recover out of mess is my own logic, trading style, no indicators nothing, just I see S&P 500 nothing else , rest is intution which
may be wrong more than right.
I started with 10K - 2 years back with oanda with 1 pip 1 dollar.. than leverage it.. lost full account after gaining good, added another 10K opened a very big position of USD/INR for 300k , to save it I added another 10k, to average it added another 10k.
My account grown to 60k all my money with 45k loss , rest to save position, I holded position for 1.5 years and then luckily I got out with zero loss 2 months back. Interest earned per day was 50-70$ which helped to recover with self created mess.
I started this year with 10k , added another 20K, now I have profit of 10k, so total 40k.
Withdrawing 10k today so it will be 30K in my a/c.
I may be doing something right and something wrong(may be more wrong)
I want to make 100$ daily with this 30K with average of 10 pips a day which I tried earlier it worked for a month But when loss happen it wiped almost all profit as stop loss of 40 pips on 10 pips target is not right.
It should be other way roung with 1:2 at least loss/profit.
What lot size should I trade with this amount?
Yes I am greedy, I want to make atleast 2k/ month, I can add 20k more to this a/c if require to maintain position.
Do I need to go to basics and risk 2% of my account at any time.. Does it help..
Also do money grow with this logic or its good in only books?
I lost , I won, last month loss was 7500$ on one position and profit of 11K on another so I have appetite for both.
Now I would like to do in a right way as above is random with some luck also.
Thanks
Kaps
One silly question in wrong forum.
I learned trading myself 2 years back learning from babypips, forexfactory and following lot of gurus.
What worked to recover out of mess is my own logic, trading style, no indicators nothing, just I see S&P 500 nothing else , rest is intution which
may be wrong more than right.
I started with 10K - 2 years back with oanda with 1 pip 1 dollar.. than leverage it.. lost full account after gaining good, added another 10K opened a very big position of USD/INR for 300k , to save it I added another 10k, to average it added another 10k.
My account grown to 60k all my money with 45k loss , rest to save position, I holded position for 1.5 years and then luckily I got out with zero loss 2 months back. Interest earned per day was 50-70$ which helped to recover with self created mess.
I started this year with 10k , added another 20K, now I have profit of 10k, so total 40k.
Withdrawing 10k today so it will be 30K in my a/c.
I may be doing something right and something wrong(may be more wrong)
I want to make 100$ daily with this 30K with average of 10 pips a day which I tried earlier it worked for a month But when loss happen it wiped almost all profit as stop loss of 40 pips on 10 pips target is not right.
It should be other way roung with 1:2 at least loss/profit.
What lot size should I trade with this amount?
Yes I am greedy, I want to make atleast 2k/ month, I can add 20k more to this a/c if require to maintain position.
Do I need to go to basics and risk 2% of my account at any time.. Does it help..
Also do money grow with this logic or its good in only books?
I lost , I won, last month loss was 7500$ on one position and profit of 11K on another so I have appetite for both.
Now I would like to do in a right way as above is random with some luck also.
Thanks
Kaps
I agree, thank you alien.
