Disliked{quote} Might be I aim for more but not now, not in this market situation. To my accounts: They are small at the moment but I handle my trades as if they were big cause they will be within 1-2 months, I will fill up the accounts with a lot of fresh money but treat the accounts as if that had already happened. I will not withdraw any capital for 1-2 years, so even with only 3-5% p.w. I can make a million or more with a starting of letīs say $40K. I tried to start small and get big the natural way, but I gave up, much too risky or it takes too long....Ignored
Hi CandleStar,
Maybe I see it different from everyone here I guess.
I'm not planning on using the power of compounding ...
Trust me, I know the different between trading 1 lot 10 lots and 100 lots...
I blew up too many accounts before ...
I have trade 100 lots at one time ... and the feeling is totally different than 1 lot.
I guess most trader lost $ because of aiming for too high or big $$$.
My only recommendation is to have enough capital for you to make a living with consistent income coming in weekly.
One of the most widely way to get rich is to use other $$$$ to trade and earn commission or/and fees.
Otherwise, I don't see how people can get rich with trading with their own capital.
Everything is easier to said than being done.
Goodluck with your trading, I myself trying to aim at 20 pips a day @ 2.5 lots ... like $400-500 daily.
Not aiming for way too many pips...those are just not realistic for most traders.
I bet there are more scalpers here than long term traders.
Power of compounding is a very dangerous game.
The more you have at stake the easier is to lose.