I am aware that I'll get variety of different answers depending on the each individuals unique circumstance
for someone who's got a family of 4 to feed v single person, someone who lives in an expensive city, area v someone who lives in a place where living costs are relatively cheap.
But I was more interested in at which point, in the process of growing your account and keeping your DD relatively low do you stop at certain lot ? 5K, 10K, 20K or 50K and above ? Point at which where it becomes difficult to close your position at the same price ? probably that's going to be the answer for some ?
I was calculating some numbers, and as the acc grew I increased my lot size while still maintaining the DD at 10%, at some point I was at 10K a month but then I wanted 20K when I reached 20K I wanted 50K, 100K and 1mil greed has no boundaries at least for me in my mind I don't know what I would do if I am actually in that situation, but then again I'd like to stop at some point to reduce the additional stress of dealing with big $ and keep my consistent income every month. Which one are you ?
for someone who's got a family of 4 to feed v single person, someone who lives in an expensive city, area v someone who lives in a place where living costs are relatively cheap.
But I was more interested in at which point, in the process of growing your account and keeping your DD relatively low do you stop at certain lot ? 5K, 10K, 20K or 50K and above ? Point at which where it becomes difficult to close your position at the same price ? probably that's going to be the answer for some ?
I was calculating some numbers, and as the acc grew I increased my lot size while still maintaining the DD at 10%, at some point I was at 10K a month but then I wanted 20K when I reached 20K I wanted 50K, 100K and 1mil greed has no boundaries at least for me in my mind I don't know what I would do if I am actually in that situation, but then again I'd like to stop at some point to reduce the additional stress of dealing with big $ and keep my consistent income every month. Which one are you ?
Tape reading is an ART