Braathen wrote:You dont have to reduce your unit size if you lose space.
If from a 1000$ you make it to step 1 risking 1.5% you can lose 14 times in a row before you are back at 1000$.
If you sit down and trade live and lose 14 times in a row you will learn something win win.
If you find yourself in between steps there are plenty of ways to get yourself back to step X quickly.
I would love to hear MO's idea on that btw.
I personally like to just find what % i need to get back and trade from $min to reach it.
Sometimes i am a bit ballsy and just trade like i was still in the previous trade.
Lots of fun to be had and when you fail.. learn from it
If you want to be really cautious then after two losses you can use the last waypoint with a target
that is 2/3 normal size (48 pips).
Regression after Gain:
(% to waypoint / set pip target)Currentwaypoint = $/pip
If your account fell from $1,211.53 to $1,175.12 then you have lost about 3%
(.03 / 48)1,000 = $max of .625/pip.
After about 4.8 more losses your target will increase from 48 to 72 "big pips".
Once you are back up to $1,211.53 then your $min is $.444 and your $max is $3.559.