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All good traders follow this rule.Why continue to lose on five lots (contracts) per trade when you could save yourself a lot of money by lowering your trade size down to a one lot on your next trade? If I have two losing trades in a row, I always lower my trade size down to a one lot. If my next two trades are profitable, then I move my trade size back up to my original lot size.
this is the first time i got this kind of advice
i think this could be good
maybe i'll lowering the lot if i didn't too sure about the trades too, or to regain confidence after series of losses
btw are you increasing your lot after series of profits?
use the lower lots size is very good to avoid from big losing, we have to wise to set the lots size and do not think to get the money with fast if we do not sure for what we analyze..
we need to see the market with clear and do not push to use the higher one, just see the condition is needed...
lower lots size will give the comfortable situation and confident...but we need discipline and patient
open position with the risk of a maximum of 2% is very good for every trader in order to protect their trading account from loss or gets a lot of margin call ..
we must try to prevent the use of the big lot in the transaction because it will greatly harm the trading account and still have to think to be able to retain its trading account in order to do the very survival of trades per day
Many traders are success without any more losses, I mean it is not necessary that best traders had seek from loss.
However we can say that when we bear loss we must be aware from our mistakes. In this way we do not make these mistakes again. In every business which we want to earn profit, in same business there is some chances of loss.
small lot size lead you to to loss small profit and lead you to gain small profit and big lot size is lead you to loss big amount or lead you to win big amount small lot size is great to avoid the spread only.Quote:
Originally Posted by Jyotibiswas
yes you are right and also we must trade lotsize only based on our account size but if we trade biglots with small balance i know what situation is taht is i have made that mistake and blown up my accounts several times so lotsize is killer
Yes it happened with me when i trade not to loss my capital and then i have to earn a very low profit.High profit is every traders expectation but we may be failure for any time.So when we are trying to earn huge profits from our trade we should trade carefully.
thank you dear app ki advice kafi achi ha or main ne pehli dafa ye sona ha wese main sab ki advices leta houn par un sab par aamal nahi karta jo mugh ko achi lagti ha woh he main use karta houn or app ki advice par main aamal karoun gaQuote:
Originally Posted by Jyotibiswas
i must say that you also have a lot of things to implement in your trade but it always depends upon you and i must say that always trade with low volume and try to trade with 1:500 leverage and try to trade with 0.10 - 0.15 volume to make some good profit when you have small capital because its good to earn slow then loosing your whole capital at a time.Quote:
Originally Posted by tajdarbet