Oops double post…
I realize that its a moot point haha. Might make a bit more sense if read with my earlier post.
You all said great stuff that I agree with so I won’t answer you all individually. Good stuff, I had slight trepidation in posting a topic like this, but I’m glad it has been received. I can only be friendly, and hope but not expect to be treated likewise. 
Btw, yes, on a bad day that would be 2 losses, but on a good day 2 wins would be an 80pip gain. Kinda balances out, but I get your point.
I originally read about forex on an non finance forum in 2009. The thread starter never “revealed” his system but gave people a basic outline on the best way to approach trading, i.e. price action, s&r, multiple time frame analyse etc. He also constantly talked about psychology and controlling emotions with constant references to Tony Robbins. The thread was filled with a lot of hocus pocus self help rubbish around the time I stopped following. talk of meditation before trading and watching the market without thinking to help the subconscious become one with the markets. Recently I checked up and unsurprisingly nobody succeed
So if an experienced competent trader can recognise a very high probability setup he shouldn’t increase risk to 5%? People talk about pushing our edge, why not do it then?
There is no 'shouldn’t, as we should all decide our own risk appetite.
Personally, I feel that keeping risk constant helps my analysis,results, tracking my progress etc. If I ever found myself looking at two trades and considering increasing the risk on one that I felt particularly confident about, I’d be rejecting the lesser of the two for being not good enough. I never take a trade when I am less than 100% happy with the setup, so there’s never a reason for me to increase risk on an individual trade. All trades should be high probability, otherwise the setup is not good enough to take, in my view.
Ramping up risk to 5% on one trade, that trade can still stop out, and that can upset everything.
If there is mechanical, proficient execution of an effective strategy, the money will come in time. Rushing the risk to expedite the process just increases the risk while not ultimately making more money, in my opinion.
ST
Indeed, apologies for quoting out of context, just made me chuckle!
2 things can make you wealthy in this Career… Well, 3 things…
#1. Very high starting balance
#2. The Balls to take advantage of each and every move. ( Pardon my Language)
But Im just being honest…
Am I rich, lol, Well, no, Im not…
Just like Satunya said, If you think your right, well, Then make the most of it, and stop second guessing your thinking…
Your NOT going to get wealthy soft steppin and using 2% of your available margin, just plain and simple as that… Sure, if you have $2,000,000 as a balance, then great, but the senerio is, YOU DONT HAVE IT, but want to have it…
Blah blah blah, I know…
Say your a heck of a baseball player, and your hitting is awesome… Are you going to bunt every single time your up at bat, especially when the pitcher is known to give you that nice fast ball that you can hit out of the park?
Nope, your going to swing for the fence… Not because the pitch is perfect, but because you crush the ball consistnatly, and you have a great chance of hitting that Homer… You have the power, the focus, the desire to come out on top when that pitch is in the sweet spot… SO crush it…
Let me tell you, this isnt easy, but its simple… Ive had a few meltdowns in the recent days, its stressful because of ME…
You need to find footing in the batters box, dig in, and focus…
Im a knuckle head, most know this already…
I have work to do on MYSELF… The first key to personal improvement, Is recognizing your have a problem…
I have a great plan, but I dont follow it… Im not going to lie…
im 15-1 since I gathered myself, with a 18% gain… I totally overhauled my system, making more Fool-Proof to myself, lol,…
Im MoneyNVRSleeps, the crack pot of Babypips, nice to meet ya…
O, and the Law Of Attraction isnt valid or obtainable if your not Physically rubbing shoulders with the Feeder…
Its a power feed… Your not going to get it sitting in your chair and not getting out to Meet these people…
The true power of the Law is face to face exchanges thru personal energy acceptance and absorption of the feeder, or Millionaire in this situation. Cyber communication can only take you to a certain level…
*shrugs
Just my logic
The only way is working hard and being patient.
Don’t be silly!
Really? And how you expect to do so? Tell me, because it skips my imagination.
You started this thread on FF and I think you got some good replies from some seasoned traders. I am not sure why you need to start it here as well.
Why not Multicka I started them at the same time, and have enjoyed following along with both
Good stuff guys, I’m really feelin the vibes here and thank you all for your input.
Presumably to get more good replies from a group that might include traders who are not on FF. So many posts around here, these days, are either cryptic, confrontational or critical. Why shouldn’t s/he start a thread on more than one site?! I would, happily.
by averaging 10% per month, you are already doing better than 99% of all professional traders. if you have a 10k account, and averaged 40% consistently, you would be the richest man in the world in 2 years… can you see how unrealistic that is ? the maths makes it look so simple and easy but the reality is, it doesn’t add up that easily. if you want to get rich quick (which is what you brought up) then forex is not the answer. Warren Buffett has averaged 25% per YEAR consistently since he started trading stocks, today he is one of the richest men but he’s well into his 80s… investors would give an arm or a leg for 10% a year, let alone 40% a MONTH… professional forex traders (not hopefuls) usually get around 5% a month, which will make you a million (from 10k) within 8 years… it will make you a billionaire in 20 years… you’d be the richest man in 27 years… if you started trading professionally at 18, by the time you reach warren buffetts age of 82, you’d be so far ahead of everyone in the world in terms of wealth because you are constantly ahead of inflation… see how even 5% per month, which IS realistic in forex, boggles the mind with numbers let alone 40% …
I can agree with what Mr. Gone said. Creating wealth in trading is simple, but not easy. It is a stony path ahead, and plenty fail to even get started. I think only 10 out of 100,000 traders actually succeed which explains a lot.