ChartMan said:If you can equate that to a risk of less than 1% of capital per trade, you will stand a reasonable chance of success.
The risk on this trade was 20 points below the 100mA at entry ( 9140) that's 30 points. at £2 a point that's £60 risk, so your capital needs to be > £6000. at £4 a pint you need to be looking at £12K+. So at £2 a point and 60 in the bag, you made £120 and 2% capital growth. You don't have to be a mathmatical genius to work out that if you can do this regularly, you stand to make a reasonble income/living.
Try the same thing/numbers with just £2K capital and you'll soon be needing to top the account up to cover your losses.
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.