Hi all, I’m Umair. I’ve been trading for about six or seven months and I’ve really taken to the Wyckoff Method. While I’ve had success in demo accounts, I’ve blown two $50 accounts already. I know it might have been a bit early for real accounts, but I’ve done well on 6 demo accounts, taking each from $100 to $10K.
I know I can do better if I just put my mind to it but I’m lazy af, that’s why I’m here.
I’d be happy to become a part of this community. Any guidance you can offer is much appreciated.
I’ve always thought demo and small accounts are to enable screen-time, research and familiarity with platforms/brokers/rules/procedures, and that the aim with a $100 account should be to grow it slowly to $150: turning it into $10,000 honestly sounds more like wild gambling than “trading” to me and my guess is that our ideas of risk-management are truly light-years apart - but I wish you very good luck anyway!
Don’t ask me how I did it but I did it
It was with 2000L and most of the trades were all in
I’m pretty bad at risk management, understanding the pips, floating lose; that’s the reason I lost two accounts even most of the trade later went into the predicted direction
As I think you already know, you’ll need to change that very dramatically, to become a profitable trader: success at trading is about risk-management, not profit-maximization.
Hello Umair. Don’t be too hard on yourself, everyone has ups and downs when starting out. Being here and wanting to improve is a great step. Keep pushing forward, and you’ll get better with time.
Welcome, Umair! It’s great to have you here. You’ve done well with your demo accounts, and it’s normal to face challenges with real accounts. If you have any questions, just ask. We’re all here to help each other.
