The one thing I have seen is people like myself making the mistake of wanting to make profits off a $1,200 account like you're using a $12,000 account. The thing is that you can not. Take the small percentage gain and build it little at a time. Tim says this all the time and for some reason I see that it's not sinking in for most. My family has a saying that goes "some money is better then no money". I derived my trade saying from that to "small gains is better then big Losses". Believe Tim says the same as well.The education level that Tim gives is way more value then you realize until you really start following the rules verses trying to prove him wrong based on no knowledge of the trade. I started my acount with only $150 and grew it to $1,000. Then make the mistake of treating my account like a $12,000 account and lost $638 on a trade instead of takiung my gains as the rule says. So my point is to stop worrying about loosing what you could make and worry about what you will lose if you don't take profits quickly. $5 gain is better then a $500 loss. I promise you that. I am writing this post because I feel that there are other traders doing the same thing I am and I just want to help you by showing my screw up that cost me. Please respect your account for what it is and not for what you want it to be. I wish you the best in your trading and please FOLLOW the RULES that TIMOTHY SYKES HAS SET. They DO work and WILL make you PROFITABLE
Join now or log in to leave a comment