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I have made more than 25% of my account; the question now is should I quit forex till next year?
I have read it on & on that if you can make 25% of your account per year then you are a successful trader. I opened a live account last month & I have made more than 25% of my account; the question now is should I quit forex till next year, so that I can sit back, relax & feel fine with my gains or can you strongly convince why I should continue trading since the year is still young.forex gurus I need your advice.
- 8 Answers
- In Trading Mindset and Psychology
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- by
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- thegreeks
- 301 Views
- 1 year ago
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We have to duplicate our success by repeating the strategy to capture the profit by skill. |
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You may want to develop consistency in your trading. In order for this to happen, you need to continue trading with success. |
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25% done over the 12 months of active trading is valued much higher then 50% done over, say, 2 months. 25/12 will show your quality trading and not luck. So reduce the lot size and concentrate on making extra 5% in addition to those 25 by the end of the year. |
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It depends on you decision but my advice is be professional and continue trading. |
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If you made the 25% gain all from your trading plan and analysis then you may continue maybe scale down a bit in size but there were 50% luck 50% trading plan then you might want to be a little more careful and maybe refining some more on your trading plan with smaller position. |
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