So this is what I am noticing. I am doing well this first week –
Day 1 –
Day 2 – 225.9 pips
Day 3 – 294.4 pips
Great on pips taken! I think most traders would be ecstatic with that. If I had the cash to fund it, running full lot sizes that’s over $7000 in 3 days.
But that is the rub – and I knew it going in. It is different when you see the actual amounts though. You can feel the pain of it. With 775+ pips taken, cash wise it’s just about $120. Ugh. I feel strongly that anyone that has not traded before is going to be frustrated with that. I know I have been and it’s lead me to make foolish choices in the past by WAY overextending my account.
Part of what needs to be addressed is not only *the* most aggressive timeline as well as the safest but also realistic calculation based on a person’s existing income to replace that.
One idea I have is to reverse the lot size.
Work on a spreadsheet that is a shared read only link people can use to calculate time to achieve their goal based on the monthly income required to do so.