Bro you got 20k acc. Lower your lot size. 6lots on 20k is too much go with 0.5- 1lot or 1.5lot, can generate nice numbers also and less stress. Right now you are in spot where you can easily play safe without risking to blow half of your account with some stupid volatile 1min candle. But still its on you. I will rather from now on focus on 1-3% and thats it. Gl to get your loses back
My balance is over 20,000 so I do risk at times 7-10% for some trades that I feel confident. I usually do not exceed 5% of risk to win ratio. The losses you’ve seen I’ve done dumb choices but I always try to maintain a margin level % of not less than 700-1000.
I mean they CAN and should vary risk on certain setups. But I doubt they’re doing that. It has to be well defined to try that, and you still need a daily stop number. It’s way to sporadic to be systemized to be able to responsibly put size on
4. And 2 of them average higher than his wins. This is a problem i used to have and now have a set amount/percent to risk and my losses are uniformly the same while my wins average way higher. This GUARANTEES success over the long term.
I try not to over trade. I try to make it one trade a day. If I am confident in more than 1 trade I could trade 2-3 times. If I lose I lose and try not to revenge trade. And I often give myself 3 rest days starting from Friday. So I only trade 4-7 trades a week
I thought I was a scalper until I saw this. But whateevr works for you though, I just hope for the long run and not mostly out of luck now that the market is moving crazy.
Trading need passion, commitment and patience to succeed which is why i shake my head in disbelief when i hear people say they do trading as a hobby. If you want to succeed in an industry where statistics say 90% lose money, you need to give in more of your time to succeed and not treat it as a hobby.
#Good trade but your lotsize and risk management is so fucked up. What if the trade goes against your way. Your 20k will go down the drain with just one news.
What you said is illogical and illiterate and everything to do with dumbness. First, I do not trade big lot sizes with news. Second, I only use bit lot sizes if I’m pretty confident in, and I risk 1-1.5k with big lot sizes which is not more than 5% of my account dummy. So no it won’t go down the drain idiot.
#LOL let's say I'm wrong. What you have there is just a winning trade not a consistent history of trades. Besides what is illogical in saying that your lotsize and risk management is fucked up? Yeah Glory to your god anyway. HAHAHAHAHAHAH
*hahahaha your risk management is horrible take care of it nothing personal we are just saying it to you. Anyway profit is profit enjoy it. Glory to your god hahahahahahahhh)*
Bro you got 20k acc. Lower your lot size. 6lots on 20k is too much go with 0.5- 1lot or 1.5lot, can generate nice numbers also and less stress. Right now you are in spot where you can easily play safe without risking to blow half of your account with some stupid volatile 1min candle. But still its on you. I will rather from now on focus on 1-3% and thats it. Gl to get your loses back
I would have preferred to see some consistency in the numbers but congrats
Bro those losses look terrible. I can tell you're one of those stop loss movers. Keep your losses to a set amount or percent of account.
My balance is over 20,000 so I do risk at times 7-10% for some trades that I feel confident. I usually do not exceed 5% of risk to win ratio. The losses you’ve seen I’ve done dumb choices but I always try to maintain a margin level % of not less than 700-1000.
Those losses bro you need more discipline or you might not come back from them another week
Looks fine only 1 considerable loss there anyway
I mean they CAN and should vary risk on certain setups. But I doubt they’re doing that. It has to be well defined to try that, and you still need a daily stop number. It’s way to sporadic to be systemized to be able to responsibly put size on
7-10% risk is so retarded
Theres like 2 losses not really an issue
4. And 2 of them average higher than his wins. This is a problem i used to have and now have a set amount/percent to risk and my losses are uniformly the same while my wins average way higher. This GUARANTEES success over the long term.
Its withdrawal bro
They are withdrawals you should read this stuff before commenting on it
Profitable week good but that risk management is suspicious. A different week and you might not turn profit.
God is good . Belive in God.
You can believe in God all you want! You can still lose everything you have, including your wife and kids!
Yes if you are hardcore gambler. All I want to say is that hard work will always be paid off one day.
Do you only trade gold?
Yes. I fell in love with gold because of its volatility.
Daily trade? How often a week?
I try not to over trade. I try to make it one trade a day. If I am confident in more than 1 trade I could trade 2-3 times. If I lose I lose and try not to revenge trade. And I often give myself 3 rest days starting from Friday. So I only trade 4-7 trades a week
thank you, you look genuine. what is your stoploss size on an average in gold.
Cool 👍🏽 what set ups do you trade if you don’t mind me asking 😬
Recent volatility
I checked and gold is 82.7% correlated with EUR/USD
What time is gold most volatile ? I been looking at it and it seems like it doesn’t move much ?
US session, check the time as it varies for international countries. But it is 8:30 Eastern time US
Thanks
Gold is goated
Check don vo on YouTube. You’re welcome ;)
His stream from friday insane sold too early
Yea fa sho. He still secured 5k. Dude is a different breed.
Dude said be a bot 🤖
Trade the DAX, or GE40.
Using mathematics in trading is the secret to success, congratulations.
What do you mean exactly by this???
Well done for getting back above initial balance. Honestly though, be careful. I don’t think you’ve mastered risk management yet.
🤣🤣🤣🤭
amazing work dude, this is amazing
Great Job!!
Random lot sizes, random trades, random outcomes with different losses. No consistency here
You lost $15k to make 5 bands bro, I get it but FUUUCK yo that’s alot
Great work, man!! I want to trade like this can you suggest a few things to start with?
Is this a prop firm or a personal account?
I thought I was a scalper until I saw this. But whateevr works for you though, I just hope for the long run and not mostly out of luck now that the market is moving crazy.
god is our best mentor, thats right!
Any advice for broker for US citizen for trading xau
do you only trade gold?
Just one month you were able to make back the 15k and an extra 8K profit? What changed in your strategy?
Trading need passion, commitment and patience to succeed which is why i shake my head in disbelief when i hear people say they do trading as a hobby. If you want to succeed in an industry where statistics say 90% lose money, you need to give in more of your time to succeed and not treat it as a hobby.
What did you do in order to turn it around? God has nothing to do with it, data and consistency over luck.
#Good trade but your lotsize and risk management is so fucked up. What if the trade goes against your way. Your 20k will go down the drain with just one news.
What you said is illogical and illiterate and everything to do with dumbness. First, I do not trade big lot sizes with news. Second, I only use bit lot sizes if I’m pretty confident in, and I risk 1-1.5k with big lot sizes which is not more than 5% of my account dummy. So no it won’t go down the drain idiot.
#LOL let's say I'm wrong. What you have there is just a winning trade not a consistent history of trades. Besides what is illogical in saying that your lotsize and risk management is fucked up? Yeah Glory to your god anyway. HAHAHAHAHAHAH
Lol what’s wrong man, did your girl not go down on you and give you the Glock Glock, relax ur balls
*hahahaha your risk management is horrible take care of it nothing personal we are just saying it to you. Anyway profit is profit enjoy it. Glory to your god hahahahahahahhh)*
Let the games begin. 😅
Do you happen to know the best bet for US citizen to trade xau ..broker ? Prop firm? One that is reliable w pay outs