so you'll need min 5K to open a live acc with fixi, how reliable are they ? (maybe a stupid question, but what are they really ? prop shop, middle man? broker ? I'm a little confused)

My way to highway

I get what you mean on flexibility of position sizes with fx pairs compared to indexes, the latter there's not much you can do with lot sizes and sometimes risk can be a little too much for the account balance (you mean mine ? I think you could do a ...

Journey to consistency

I'm capping loss at 1% per day from whatever the balance of the acc is For DAX during my active trading hours there're usually 2-4 setups averaging 30$ each taking that into account if I do profit on my 1st entry I will take on the 2nd setup risking ...

Journey to consistency

I can't reduce the lot size any further than what I'm already trading 1lot, (don't want to add anything just yet) and at the same time don't want to blow it up. To reduce the further risk of dwindling acc I'm going to limit my risk per day at 1% ...

Journey to consistency

where is the acc standing at ? its been 8 years you still seem to be going strong with the initial balance ?

Scalp, scalp, scalp

but I will be observing the markets for few hours more I might open 1 trade thinking maybe in an hour, if the setup is there. still have room to risk a bit and I have to recover my losses due to my own wrongdoings!!! "impatience" 1 more entry ...

Journey to consistency

had 2 shorts 1 8 minutes prior London open the second few minutes into London closed them both at -9$. Look where it is now. I have a problem , its not that I can't go with the flow, I'm just too damn impatient.!! maybe because I've lost too many ...

Journey to consistency

Today was a tricky day Opened 2 position Went against my rules (BUT risk per trade was 6$ each 6x2=12$ still within my risk limit per day) Only managed 5pips didn't move much during my trading hours 8:40 - 10:40 as for timing, I think I may have to ...

Journey to consistency

that's why as I have come to understand keeping your risk under control is essential to consistency not HG. hope you get well soon PF! and I'm a little envious of you trading from Mar until summer only 3-4 months of work ? that's the ...

My way to highway

keeping a journal along with a TE for me keeps me accountable no one maybe closely following your every action but just the feeling itself that you've put everything for everyone out there to see, analyze and to judge - it's a bit of having your ...

Progress

It looks alright but if I can manage 65% win rate with 1:2 trades cumulative these numbers should take care of themselves. Calling it a day here. Will be back tomorrow for 2 hours of scalping.

Journey to consistency

DAX maybe going up now. But to keep my DD within workable numbers I have to take single trade a day, and at a set time some days will be good some days will be like today. But as long as I don't hit a loser it's all good in the long run.

Journey to consistency

1 trade per day my initial target was 13345 but took profit at 13363 +1.3% for the day. on a really bad day I guess I can expect 20pips.

Journey to consistency

one will have to account losing streak and max DD however tempting a system/idea/method may seem at first glance otherwise you're just gambling better off buying a lottery ticket, at some point I also thought I would be the special case, special ...

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

that's how I kept increasing the acc. but greed never seem to know when to end. that's why I asked the question when do you stop ?

What's a good monthly income from trading?

I don't make 10K a month, I was just calculating how far I could take my acc while maintaining the max DD at 10% and daily at 1.5%. You can do the calculation yourself with whatever amount you're comfortable with, set your max DD and daily DD from ...

What's a good monthly income from trading?

equities for years ? which TF ? don't think the risk is exponential on a retail acc ?

What's a good monthly income from trading?

Couldn't have said it better, you obviously "really" get this to sustain yourself with a consistent income month in and month out. I understand for some people who's got jobs and trading part time risking a little high is all fun and ...

What's a good monthly income from trading?

I think this applies more to swing/positional traders and for people trade longer TFs 12h and daily. With that kind of approach I absolutely agree with you on not having a set number to hit because we'll never guess it right, we take what we can ...

What's a good monthly income from trading?