It is actually very easy! Until yesterday I was up 80% for this month contest. I was near top 10 in the standings and my weakest point was equity. Until yesterday I took as a base amount the initial 100 K, but in order to increase capital more rapidly I increased the base amount to 180 K. Same as before I risked 10% per trade. And the losing streak started. When trading on real account it is very important to know when to switch to higher lot size in order to not to wipe out all the profits.
Another huge mistake that I made was opening 3 trades with almost 100% correlated pairs, not very wise at all! I did it cause I was too confident that the move I was expecting so long would finally occur. but as we all know hope is nothing when it comes to trading, it is rather an enemy.
These two mistakes cost me 50% of equity. Ok, it's DEMO, but it is still too much!
Now this will be a challenge get back in the game. Though I will do my best!
Another huge mistake that I made was opening 3 trades with almost 100% correlated pairs, not very wise at all! I did it cause I was too confident that the move I was expecting so long would finally occur. but as we all know hope is nothing when it comes to trading, it is rather an enemy.
These two mistakes cost me 50% of equity. Ok, it's DEMO, but it is still too much!
Now this will be a challenge get back in the game. Though I will do my best!