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My Real Trading Experience

Real trading experience

Thank you for reaching out. If you read this article it means that there are a lot of chances that you want to find out more about real trading experience, classical charting principles and how someone else use classical chart patterns for trading.

What is this blog about?

I’d like to start by telling you few things about this blog and what you’ll find in it:

  • The first thing you need to know is that in this blog you’ll be able to read about my real trading experience with all the ups and downs.
  • It means you’ll read about good decisions. You’ll also read about mistakes that I’ve made. Keep in mind I am susceptible to repeat my mistakes in the future, because, as you already know, no-one is perfect.

Getting started

  • To start this blog I needed a trading account with at least one year of verified results. That was also the perfect time for a drawdown to show up. Guess what? That brought my trading account to a -9.32%. Yep, you read it right! It’s a minus nine point thirty-two percent drawdown in the last twelve months. This is one of the truths about trading that almost no-one will ever tell you. There will be years when you’ll be able to grow your account to 600%. You’ll also have years when you’ll experience some serious drawdowns. Even -30% or worse.
  • That brings us to one of the most important things about trading which is: money management: I never use more than 2% per trade. That means that I usually use 0.3% to 2% on each trade, depending on different factors that we’ll discuss in a later posts. Actually on this account I never opened a trade with more than 1.5% and this happened once or twice. Usually I use somewhere between 0.3% to 0.5% of my equity.

Verified results of my real trading experience

  • I know that if you looked over my verified myfxbook account you saw that there were few days in which the drawdown was higher. Like 9% in a single day, on March, 27th, 2019 and there is a good explanation for it. Fat fingers error. For those of you who don’t know what fat fingers error is… It is that moment when you enter, by mistake, a different volume per trade than you usually use. That leads to a trade with a lot higher risk than usual. Yep, this happens too. The best thing you can do, when it appears, is to close your trade immediately. Remember: the main objective is to always protect your trading account.
  • And… because there’s a lot more to say about this blog, I’ll invite you to read the continuation in the part II of this article.

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