This forum has changed my professional life and got me fully into trading. Thread "Building an equity millipede" was the missing point in all my efforts. Of course, I had to change it slightly, so it respects my personality, but it got me there.
I started to trade this way while being at the university. One particular day stays in my mind even after so many years. As a student with not much money, I traded usually with a 200 EUR account, made some money, withdraw it, and trade it again with 200 EUR.
On that particular day, I have built decent positions (legs as Graeme liked to call them) on EURUSD. It was up around 3K EUR in equity - a huge amount of money for me at that time. I went for a run and when I came back I found all my trades closed at break-even. It was so painful to experience that I decided to stop trading for a long while and since then I was not a huge fan of building equity and waiting indefinitely, at least not in the forex market.
I tried many other approaches but did not find them so profitable and comfortable.
Later on in my life, I started a business that succeeded. Trading became a hobby and was not relevant in my income part and still is not. I love it, especially when I open a position at a very good level and it goes in my direction immediately after placing it. The profit that it generates is not that interesting anymore as other activities are more profitable, but the freedom that trading offers is just astonishing.
I came back to trading just as a hobby with no expectation of making a lot as I have more time than I had before. Also, I learned so much here by reading your posts and it is the only place where you can discuss trading and its challenges and people really understand you.
I am going to share what I've learned in those years.
I started to trade this way while being at the university. One particular day stays in my mind even after so many years. As a student with not much money, I traded usually with a 200 EUR account, made some money, withdraw it, and trade it again with 200 EUR.
On that particular day, I have built decent positions (legs as Graeme liked to call them) on EURUSD. It was up around 3K EUR in equity - a huge amount of money for me at that time. I went for a run and when I came back I found all my trades closed at break-even. It was so painful to experience that I decided to stop trading for a long while and since then I was not a huge fan of building equity and waiting indefinitely, at least not in the forex market.
I tried many other approaches but did not find them so profitable and comfortable.
Later on in my life, I started a business that succeeded. Trading became a hobby and was not relevant in my income part and still is not. I love it, especially when I open a position at a very good level and it goes in my direction immediately after placing it. The profit that it generates is not that interesting anymore as other activities are more profitable, but the freedom that trading offers is just astonishing.
I came back to trading just as a hobby with no expectation of making a lot as I have more time than I had before. Also, I learned so much here by reading your posts and it is the only place where you can discuss trading and its challenges and people really understand you.
I am going to share what I've learned in those years.