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Originally Posted by theunder18kid
umm revsly what I wana know is how is ur profits good? I mean if u make 100 pips with 3% risk thats like 30 dollars... for a $1000 account..... which means u must use a micro account? and also dont tell me that a 15% increase is good in a months cause for a 1k account its not...
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He's absolutely right. A 15% return is a good monthly result. Do the math and figure out what that is on an annualized basis. Then figure out what your account looks like in a couple of years if you make those returns consistently.
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... and also you seem to sound really smart with ur safe trading and stuff, I can't be like you because I'm still young,
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That's a load of crap and you know it. Age as absofreakinglutely nothing to do with good trading.
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ur like a mom that tells plp to do stuff even though they know it..
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Maybe your mom does that because you're like a bad trader - you know what to do, but you find a way not to do it.
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btw can plp stop assuming that I'm stupid and I'm short of common sense....
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It would help if you didn't write long, run-on, stream of consciousness paragraphs with btw every other line.
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btw if I was gona try and be a long term profitable forex trader I would be investing 10k and risking no more than 1% of my equity, and I would definitly not be trading GBP/JPY. I'm just trying to gain experience here so please dont say stuff like I'm gambling my money away and stuff.
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You say you're trying to learn to be a good trader, to gain experience, but you're acting in the exact opposite fashion. By essentially gambling, as you are now (and you seem to admit to doing so) you're reinforcing bad trading habbits which are going to be hard to break when you decide it's time to be a serious long-term profitable trader.