Jump to content

Recommended Posts

So after winning countless shoes and well above the "required" next level up in the ladder, I decide to level up to $100 min. And. I lost. Terrible feeling after doing SO well for so long.

Bad luck I guess. I think I may have waited too long to level up. Do you think it's better to level up quickly or to build up a few buy ins at a certain level? Anyone have any suggestions?

Link to comment
Share on other sites

So after winning countless shoes and well above the "required" next level up in the ladder, I decide to level up to $100 min. And. I lost. Terrible feeling after doing SO well for so long.

Bad luck I guess. I think I may have waited too long to level up. Do you think it's better to level up quickly or to build up a few buy ins at a certain level? Anyone have any suggestions?

Hi ztomsk,

So sad to hear that you have done so well for a long period but suddenly encounter one big lost. I am just a new member so i don't think i can give any useful suggestion.

But based on my experience in forex, the win rate of you trade is not the most important winning factor, but the risk that you take to win certain profit matters most (i.e, the stop loss). So if you can consistently control your stop loss (do not take more risk after you see a high win rate), i don't think you can encounter big loss. As i remember Ellis did said he did not bet big using his own money, but he will bet big with casino money.

Regards,

Kevin

Link to comment
Share on other sites

Hi ztomsk,

So sad to hear that you have done so well for a long period but suddenly encounter one big lost. I am just a new member so i don't think i can give any useful suggestion.

But based on my experience in forex, the win rate of you trade is not the most important winning factor, but the risk that you take to win certain profit matters most (i.e, the stop loss). So if you can consistently control your stop loss (do not take more risk after you see a high win rate), i don't think you can encounter big loss. As i remember Ellis did said he did not bet big using his own money, but he will bet big with casino money.

Regards,

Kevin

Thanks man appreciate the comment. I'm still up 4k so the loss wasn't everything. I stick to my stop loss.

I've been playing for a while but this is the first time trying this level up plan. Just not sure if I should play again at $100 or level back down and rebuild...

Link to comment
Share on other sites

Thanks man appreciate the comment. I'm still up 4k so the loss wasn't everything. I stick to my stop loss.

I've been playing for a while but this is the first time trying this level up plan. Just not sure if I should play again at $100 or level back down and rebuild...

In that case, i think you are doing well. You should believe that you are doing with the correct system (already proved by your previous plays). and stick to your initial plan. In worst case, you lose nothing.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

Terms of Use