Posted:
#51
buck,
I thought about micro accts but I could not do that. I dont want to make a buck a pip, to me that is like working for 5 bucks an hour. Like you I feel I have an edge on this and I realized that what success was created from the play accounts were due in part to the ability to leg into a trade and not get whipped around and given I was trading mini lots, usually .2 to .4 to start and upwards of 2 lots in total in full positions, I need that 25k or close to it.
It is the right decision I am making that I only want to commit if I can trade up to two lots and maybe up to 3 and still be able to take a short term paper loss and not get thrown out of the trade before it can work how I want it to.
I thought about micro accts but I could not do that. I dont want to make a buck a pip, to me that is like working for 5 bucks an hour. Like you I feel I have an edge on this and I realized that what success was created from the play accounts were due in part to the ability to leg into a trade and not get whipped around and given I was trading mini lots, usually .2 to .4 to start and upwards of 2 lots in total in full positions, I need that 25k or close to it.
It is the right decision I am making that I only want to commit if I can trade up to two lots and maybe up to 3 and still be able to take a short term paper loss and not get thrown out of the trade before it can work how I want it to.
