There is a forex position that went against my anticipation for 250 pips. I used a lot size of 0.1. This means that every pip had a cost of $1. I lost $250 within two days.
I promise myself that when I start trading again, I assure myself to use a lower lot size of 0.01. For instance, in that position I lost 250 dollars,
if I had used a lower lot size of like 0.01 then I could have only lost $25. So it could have been easier for me to get back on trading and cover the lost money.
I learned the hard way. I will accept the slow pace and consistently continue to stick to it. I will only start to become aggressive when I will join a prop firm. Let me put the pen down for now.
I do highly appreciate this journey and I am glad that I started it. Till next time. Thank you.
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