i became obsessed with trading at 14 (like, totally absorbed by it). Had an account on here called TAJammy.
In all honesty I think the mental side of it would be easier for older folks . In hindsight I wish I started much later . But hey, I can trade decently now , but chose to focus on a...
Wabu you should go back to demo . Plus I recommend you work out your theoretical gain/loss if you stuck to a flat risk per trade . That would eliminate your problems
Don't get me wrong I think discretionary traders should always have a sliding scale of risk: scale your risk to the conviction in the trade .
Imo that should still be small like from 1-3% , not like risk 50 quid one trade then 320 then next .
You also have to try work out your trade frequency...
ugh, had bills to pay so I took some money out , then I realised I need a deposit for a new car so I took the whole lot out and closed the cocoa position for a twenty quid loss lmao.
Might be a while before I put some more coin in ��
Ps I'm glad I closed the cocoa trade, it was a really sh1te...
Hey mate .
Next move is to look for similar setups. The Nikkei trade is in a nice spot and I do feel the indices are due an exhaustion move/push the next day or so. I can't see anything worthwhile forming that really warrants risking capital . Though the orange juice futures have a nice flag...