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TO GAIN at least 5-10% a month, every month. IS THIS POSSIBLE?
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Trader Baru
Mar 24, 2020 at 02:16
I'm an FX prop trader. Back in 2015 when I started my journey, I recall my floor manager's words after I made my first $2.5k in one week with 3x leverage on a $50k acc. He said, "Lets see how you do over 12 months...can you be consistent."My floor manager's words still resonate in my head even to this day. FX trading at a professional level is all about the long game, and long term consistency. Few have the patience for the long game, as humans we need our quick fix, just like a gambler or junkie. And these individuals make terrible traders. Sadly over 90% of traders are ...
HOW MANY TIMES BLOWING UP ACCOUNT BEFORE GIVING UP
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Umum
Dec 12, 2019 at 23:29
Mistakes happen, so we got to manage the risk of every trade carefully.I also include an extra safety net that if I had 3 losing trades in a row, I take a 20 min break from the screens. Return and reduce position/trade size on next trade to smallest position size and follow this for a number of further trades till I feel confident I am consistent and disciplined enough to increase risk and trade as before.
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