Hello all @everyone ,
I want to share a tips to trade demo or ability test effectively to find your trading EDGE faster and more exactly. I call it as the fixed strategy by your personality. That's why trader A & B all learnt my system, but he apply in other way meanwhile trade B applied by other method.
Each trader is diffirent, we're diffirent about life-style, living condition, dream.... so the strategy need to be fixed again a little when it was transfered from me to your brain. I want to share my story as below to guide you how to do it parallel with sharing with you tips to control RISK during trade for prop firm company.
Sometime, have you ever achieved the series of winning trade with small profit ?
It can because you're quick exit to avoid big loss, you quick TP even next movement is risk or continue running to TP. You don't bother it, just keep your mind to be fresh and trade. Your risk management is tigh and you follow it carefully, so you achieve the good results.
But, we're trading for prop firm company, so we need to achieve at least 10% profit or our dream is quite big to get rich faster. Our profit until now is quite small, we need to do something to enhance it. The normal choice is that you will increase your risk from 1% to 2% or 0.5% to 1% always.
If you can win, nothing happen, everything still in the right race. But, if you lost even 1 trade with bigger lot size. You will be in death cycle to burn your account.
Let's see the picture above from point number 4 to the end. I can make sure that if you already in this status even several times.
As new trader, you need to simulate your trading results with psychology story as above chart to know your trading EDGE - the place you're doing well.
Like me above, that's the 5th year on my trading career after I applied NCI system for around 1 year.I was stucked to find the trading edge. The entry place, SL - that's ok.
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