prochargedmopar wrote:aliassmith wrote:prochargedmopar wrote: Some people just cannot perform until they feel that something significant is at risk.
Then all I must do is follow the #'s.
1,2,4,8,16,32,64,128,256.
256 is pretty significant compared to say
1, 2, or 4.
I must stop pussy footing around with the first few #'s.
How bout I never add to a position that is showing a loss.
That prevent a LARGE position at inopportune times.
Problem solved.
I saw you had an order with -600 pips. Adding to a losing
position is not good, but it's not "problem solved" for you.
If you are macro scalping then you should always set your
emergency 100 pips stop loss. Don't risk more than 4% of
your account. Don't risk a lot when you don't have space.
You was doing well with the macro scalping, stay focused
and manage risk. Losing 50% of an account is like a
psychological nuke going off!! Total breakdown.
I tell you this to help. I have tested various things on my
test account and figuring out how to survive the market
comes before making money. The making money is more
likely to happen if you survive.