How did I turn my trading around from -38% to 500% this month?

Navy​
You are where many other traders have been before......
It is just one of many places at which you will arrive on your journey......
Enjoy the ride...

LOL!

Anybody in the room? I'm new to trading and have been trying to understand the system and have lost quite a lot but I keep trying until I get it. Anyone who can give tips on how to go about will appreciate.

Nobody is hating but your 1st post looked like a marketing scam haha.

Sorry I didnt look at the live account but also it has only incurred losses. Maybe its better to start with $500, $50 is too small. its easy lost.

If someone is hating you, that means you did something wrong to him / her

Anyway I don't think this community is "full of hate"... just plain madness


P.s. show the recent history no point in hiding it !

Hey Navyforex!

Looking at your trades - i would practice risk management more.. risking 6% / trade is madness haha!


I'm not a partically good trader, i have not been trading forex for more than a year~


But since you are into day trading - i'll give you how my "set up" looks like with stop losses etc. risking only a maximum of 2%.

To start off with, i got around 5k$ Equity.

2% risk of that is = 100$

Then i have a set amount of pip i'm willing to risk per trade which is 30.

So 100$/30pips = 3.3$ / pip "0.3 lot size~"

My goal is 300 pips / month, Giving me around 900$ which i compound "got a normal job so i'm not taking any money out of this account yet - hoping to live off of forex by the begining of next year"

If you play around on the higher timeframes i would not suggest a 30 pip stop loss tho.. but using the daily / 4H / 1H to find S/R and the trend etc. etc. and then trading around the 15 min chart, works perfect for me atleast!


You should check out ICT's free training videos if you havnt already! they helped me alot in the begining to be honest !

theinnercircletrader.com/Tutorials.htm


Good luck trading mate! hope you succeed!

so whats the status?

500% says it all.

Do you trade precious metals at all? If so where do you buy them and how much of my portfolio should be in precious metals?