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Requesting assistance on Risk management


Discussion in Psychology and Money Management

Updated by Mwenga
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Requesting assistance on Risk management

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  #1 (permalink)
Nairobi, Kenya
 
 
Posts: 18 since Mar 2018
Thanks: 12 given, 26 received

Hi all,
it's been a while since I was here. I have been struggling as a trader for five years now and I decided to take a break, and go back to the drawing board and fortunately learned a lot and continue to.
I actively participate in the FX market(day trading) and this year has been good coz now I understand how FX moves and what to look out for - I mean in terms of fundamentals and sentiment and I have been using this approach quite well, that is I get to have winning trades which I actually understand why they worked and losing trades which I also understand why they didn't. I have been doing this on demo but regardless of this I am still not profitable overall and I think my risk management is a bit off. I was wondering whether anyone will be kind enough to look at my report/statement so that I can be advised accordingly coz this seems to be a problem that keeps recurring and halting my progress.

Thank you!
Regards, Dennis

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  #2 (permalink)
Nairobi, Kenya
 
 
Posts: 18 since Mar 2018
Thanks: 12 given, 26 received


Mwenga View Post
Hi all,
it's been a while since I was here. I have been struggling as a trader for five years now and I decided to take a break, and go back to the drawing board and fortunately learned a lot and continue to.
I actively participate in the FX market(day trading) and this year has been good coz now I understand how FX moves and what to look out for - I mean in terms of fundamentals and sentiment and I have been using this approach quite well, that is I get to have winning trades which I actually understand why they worked and losing trades which I also understand why they didn't. I have been doing this on demo but regardless of this I am still not profitable overall and I think my risk management is a bit off. I was wondering whether anyone will be kind enough to look at my report/statement so that I can be advised accordingly coz this seems to be a problem that keeps recurring and halting my progress.

Thank you!
Regards, Dennis

I most likely have a money keeping problem. My goal is to make 100 pips per week. Sometimes I attain this goal but end up losing it all or more than half of it before the week ends.

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