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This video explains exactly why you keep blowing accounts in my opinion! I explain exactly WHY determining your lot size is one of the most important decisions you can make while trading. Your lot size is the literal difference maker of risking 10% on a trade .. and only risking 2%. Hope this video helps! It's more of a psychological video - because that is what determines what contract you go with. If your mind is so fixated on making a lot of money fast, you'll surely blow account after account. So stick around for the psychological part at the end.
This video is for beginners! Some beginners don't know what lot size they should be choosing, WHY they should choose a certain lot size, and how it affects them in the long run. Hopefully this simple breakdown from my perspective works!
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DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational and entertainment purposes only. This channel demonstrates how I invest and day trade, but does not suggest that a viewer of this channel should use any particular strategy. Investing of any kind involves risk, and past results are no indication of future performance. Your investments are solely your responsibility and not mine. While day trading can bring serious gains, it can (and often does) also bring a likelihood of serious losses! If you decide to invest, make sure you do your own research to fully understand the commodity class and the operation of the market before doing so. You could sustain a loss excess of your initial investment and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility. Videos and written descriptions are © 2020, Christopher Williams, all rights reserved.