Also, thanks to Sweetpip for that ebook link.
My general plan for when I go live is thus:
To trade 1 lot where this amount allows me to place trades in my desired style without compromising my maximum loss per trade (and oh yes I shall be using stop-losses); and where this lot size allows me to observe the max loss per trade and the max account leverage rules for having open however many positions fit with my trading system.
Then after however long it should take me to double my initial account, I shall then double my lot sizes.
Bankroll is for trading only. Living expenses are not included.
The real trick is trading as best one can in order to attain enough pips to double the account size to then increase the lots. Whether this takes 1 hour or 1 year, as long as one is doing his best, observing his rules and system and learning from experience, there will be ups and downs, missed goals and drawdowns along the way but ultimately, hopefully the account can show profit and improvement.
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