prochargedmopar wrote:Yes, it is problem solved.
If I NEVER added to a loser since 2008 Then making my first million would be a mute point.
Which trading method I used would be a mute point.
Using space would be a mute point.
All you would see here on this thread was $5k to $500k REPEATEDLY.
to my random 00.
Ok PRO make $25,000 with your $250 using that logic
and I'll admit I am wrong. I'm willing to learn a new perspective.
Do you have any idea how hard it is to add zeros without accumulation?
Alias is right that low initial risk and small 20% targets is the surest path to success; I was heading down
that path myself as I realised that it was the loss of time, due to evaporated gains, that was slowing me
down. Maintaining your speed is more important than the size of the target.
I see people who barely know what they are doing make more than 20% (they accumulate!)
Blind luck? It doesn't matter how you get there!
All they have to do is revert to a small initial size, protecting what they have made, and target another 20%.
There are 52 weeks in a year and only 12 targets...
...there are 12 months in a year and only 12 targets
The smaller your initial risk the more likely it is that you will succeed:
If you make 20% and you revert to a risk space of 0.08% then it would take 250 trades to give it all back...
...1 of 250 trades
must add 20% to your account.
More risk is more risk, more profit is more profit.