Quote:
Originally Posted by theunder18kid
I WILL NOT RISK MORE THAT 5% or my account.......
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Wow... I wish you good luck. You'll need it. You really cannot afford to be unlucky with such big positions (relative to your account size). You're taking the "gunslinger" approach. I just hope your skills are good enough. I, personally, feel nervous going much over 2.5% (2% is normally my max.) - but then again I've only been trading (full-time) for about 14 years (almost as long as you've been alive), so I know I still have some things left to learn about the markets.
There's no shortage of brokers offering micro lots out there - you're just too busy running with the rest of the 95% towards your overnight fortune in order to take time out to look.
It is not our job to give you money, by the way. We earned our own (just as I suggest you do - nothing wrong with practicing on demo, working, and saving up more trading capital to work with... it is
precisely the "right now" mentality which is the ruin of many beginning traders). If you give a man a fish, he'll come back hungry tomorrow asking for another. If you instead teach the man
how to fish...