Disliked{quote} Well I'm still not making money simply because I don't have enough money to invest. All I can do right now is gambling with $200 just as a habit, not even a hobby. If I had invested as little as 3k and aimed at 5% month I would be profitable right now, I know I say I would but it's a matter of fact.Ignored
Unfortunately It requires a great deal of dedication and skills. And most of all - absolute mastery of your own mind!
How many people can stick to the same routine every day without quitting even when things get rough and hard? Very very few! 99% of traders will quit after a few weeks. They just lose the account or the constantly growing boredom distracts them too much.
But other then that, the math is very simple!
Get your $200
Use 30:1 leverage.
Make on average net profit 75 pips per week, (Only 15 pips daily average!)
And in only one year you will have financial freedom.
But your brain will not let you do this! NO! You WILL sabotage yourself.
There's this strange phenomenon in trading. As soon as you begin to accumulate profits, and your account begins to grow exponentially, something "clicks" in you brain and a chain reaction begins. The emotions begin to interfere too much, and suddenly your equity curve gets very unstable. This is where 99,9% of traders will crash!
It happened to me many times is the past, and Im sure it happend to most traders.
That's why it is recommended to trade with low risk. Because the emotions are less intense. But most people also cannot stick to low risk profitability. As soon as they see the smooth rising equity curve, they begin to think, "hey, if I can make money with this risk, I can make 10 times more if I encrease the Lot size x10". And here we go the previous problem.....it is almost inescapable situation. The magic circle of psychology....