"close to" - you said I lost 30% and I said I hadn't which is true. I'm not giving advice, i'm giving my opinion and if someone wants to stick a 20pt stop and risk 2% of their account on every trade they're more than welcome to. After losing a lot doing that, I turned my back on that way of trading. I believe it's dangerous - if you want to go ahead and trade like that, be my guest.
Trading actually isn't that risky, it's only when people leverage up to the eyeballs that it becomes that way. Markets generally don't move very far over short periods of time. It's the tight stops which get you in and out of the market repeatedly losing you more points than the market's actually moved in that time frame. If you even look at the beginning of the year and compare it to the end, see how much the market's actually moved. I think you'll find it's not actually a substantial amount.
Finally, your logic is frankly ****. It's scary you think like that. If I told you I was 19 when I put my first trade on and started getting involved with trading and now i'm past 26 - that would mean i've been trading in some shape or form for the last 7 years to your puny 6 even though I joined in November 2007 and you joined Jan 2006 (la dee daa) so going by your logic my ****'s bigger than yours. You have **** logic and insight. Mind blowing that someone traded before they joined T2W....
As I said, if someone wants to trade that way I don't give a ****, but don't start having a go at me for voicing my opinion based on my experiences.
Actually...this post imo shows a lot of trading experience..why, well?
1> only risk 2% of account!! (any stupid trade is stupid no matter how much you risk)
2> always use tight stops!! (every trade you make you'll be wrong to begin with because of volatility/liquidity. Close a trade when you know you are wrong, the market changes every minute, learn to recognise this ...not that easy)
3> leverage!! (ha ha..everyone leverages, ever bought a house for 5% deposit??) you pocket all the increase in value (especially the 95% lent by the bank), it's easy money as long as house prices go up...you don't get a margin call on your house if prices drop 5% do you!! Well, you can't buy and hold in trading, if it goes wrong like house prices now, all your losses get taken from your 5% before the bank loses from their 95%, btw, the bank will not let their 95% lose any money, who are the clever ones then?!! Leverage should actually be renamed as the "stupidity index", the more you're leveraged the more stupid you are!
Masquarade, you should write a book... called "Trading actually isn't that risky" because I think there is never a more true statement said than that and you backed it all up in your post!! simplesss
imo..:whistling