aliasentric
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Reading through all the comments, I appreciate the feedback, and I'll do my best not to fail, and give you all entertainment :cheesy:
My trading is very high risk, compared to some of you no doubt. I have no problem risking between 10-20 percent on a single trade.
I determine my risk by dividing my capital by 6. Whatever that value is, determines my risk per trade. For example, if I had $4000, then my risk per trade is 600 (I rounded). Further, I am confident that I will never lose 6 trades in a row, so I know I can withstand a few losses and still be able to recover.
Over the last 6 weeks, I averaged 20% per week having traded over 150 times (20-30 trades per week).
I would have averaged 75% per week, if I wouldn't have made a few very BIG and DUMB mistakes. My mistakes were partly flaws in my strategy, and partly not sticking to my strategy. So, I adjusted my strategy where needed, and now am determined to stick to my strategy. So, that's why I look to improve to way better than 20% per week, since I am correcting my mistakes, and learning from them…
It's not like I lose a trade, and wonder "what just happened?". You can improve and reach your goals if you identify your mistakes learn from them, and correct them.
Once I grow my capital, I will probably only do 1 or 2 trades a week eventually. But for now I trade as much as possible, but try not to jump in when my set ups are not there...
My trading is very high risk, compared to some of you no doubt. I have no problem risking between 10-20 percent on a single trade.
I determine my risk by dividing my capital by 6. Whatever that value is, determines my risk per trade. For example, if I had $4000, then my risk per trade is 600 (I rounded). Further, I am confident that I will never lose 6 trades in a row, so I know I can withstand a few losses and still be able to recover.
Over the last 6 weeks, I averaged 20% per week having traded over 150 times (20-30 trades per week).
I would have averaged 75% per week, if I wouldn't have made a few very BIG and DUMB mistakes. My mistakes were partly flaws in my strategy, and partly not sticking to my strategy. So, I adjusted my strategy where needed, and now am determined to stick to my strategy. So, that's why I look to improve to way better than 20% per week, since I am correcting my mistakes, and learning from them…
It's not like I lose a trade, and wonder "what just happened?". You can improve and reach your goals if you identify your mistakes learn from them, and correct them.
Once I grow my capital, I will probably only do 1 or 2 trades a week eventually. But for now I trade as much as possible, but try not to jump in when my set ups are not there...