aliassmith wrote:MightyOne wrote:Then again.
26 doubles from 10 cents a pip would break Goldman Sachs. LOL
It is no joke pro, you can lose 90% of your wealth and get it back in 1 year starting with $0.10 pips.
There is no need to have an Alex Jones panic attack, everything will be OK
Well MO, I've read and laughed about your 10 cent
and 20 cent pips. BUT, as I continue to trade
I start to realize that more risk IS more risk and a
lot can really be done with less than 1% of your
Take 1% or less and turn it into x%. Start back at
1% of new account size and do it again....
Responsible money management is a good starting
point for any strategy.
In my opinion, most people should start with micro lots.
If you are a losing trader then you are going to lose less...
winning traders will add a zero whether they start at $0.10 or $2.00
You can walk to a great wall or you can run to it, but if you are not climbing over it then what is the rush?
PS: PRO what are you doing man? ^^