New here, learning from sizing mistakes early on

asked by u/varga_maja · 17d · 3 answers

Hey everyone, just joined Traderforum. Been dabbling for a bit, mostly focused on crypto until recently, now looking at forex as well. A big lesson I learned early on, and one I'm still actively working on, is position sizing. I've blown up a couple of small accounts trying to 'make it big' too quickly, essentially risking way too much of my capital on single $BTC or $ETH trades. It's hard when you see those quick pumps and want to maximize gains, but I'm realizing now that proper risk management, especially sizing, is the absolute bedrock. Looking forward to learning from all of you who have been around longer. What's one foundational mistake you wish you'd avoided earlier?

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Top answers

  • u/nattapong.kittisak· 5 pts· 16d

    เป็นเหมือนกันเลยครับ! ผมก็เคยโดนเรื่อง position sizing เล่นงานมาแล้ว กว่าจะเข้าใจว่ามันสำคัญแค่ไหนนี่จ่ายค่าเทอมไปเยอะเลยครับ คุณกำลังเทรดคู่ไหนใน forex อยู่บ้างครับ?

  • u/thanawat93· 4 pts· 16d

    Yeah, sizing is the first hurdle for everyone. You'll keep blowing up accounts if you don't nail that down before anything else. Crypto amplifies that mistake too.

  • u/souza_felipe· 0 pts· 17d

    Welcome! Position sizing is definitely a critical, often overlooked, aspect for new traders. What strategies are you looking at now to manage your risk better?

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