2 week old account, started with 2K then added 1K last week to avoid margin closeout. Thankfully got out of the bad trades yesterday with decent profit. I hope I will always remember what it felt to be in 61% drawdown so I don’t repeat that ever again and stick to my rules.
Rule now is 1% max loss per trade and 2% max loss per day. If the account goes larger I’ll shift to 0.5% max loss per trade and 1% max loss per day.
Have been trading live for over two years, with a lot of failures. Sincerely hoping this time I finally find the discipline I need to be consistent. Fingers crossed.
Will be updating trades as often as I can. Comments and feedback, even if negative but constructive, much appreciated. Thanks.