dchappy wrote:prochargedmopar wrote:Wow how my "trading" has progressed.

NOT

Where would we be today , if all of our losing trades were covered at -5 or less ??https://www4.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.

That link is not working for me dchappy (page not found).

I do something similar through doubling.

Risk box starts at 40 pips (say $40)

1 double: rb is 20 ($2 * 20)

2 doubles: rb is 10 ($4 * 10)

3 doubles: rb is 5 ($8 * 5)

All of my gains/losses are recorded in "big pips" ($8/pip, target size).

0 doubles: 0.125 "big pips"/pip

1 double: 0.25 "big pips"/pip

2 doubles: 0.50 "big pips"/pip

3 doubles: 1 "big pip"/pip

The question is the same: how easily can your target size wipe out previous losses and show a profit?

Some people think that they can afford to lose hundreds of pips because they are using a small size

If I lose 400 pips, at my smallest size, where each pip is 0.125 "big pips", then that is -50 "Big Pips"!

Do the math, you can't afford multiple multi-hundred pip losses at any size; you will spend all of your time

trying to break even.