Scaling up CFD positions – when to actually do it?
Been trading CFDs on a demo account for a few months and starting to get some consistency, mostly on $EURUSD. My question for those with more experience is about scaling up real positions. I understand the concept of increasing size as your account grows, but what are the practical triggers you use? Is it a certain number of profitable trades, a specific equity percentage gain, or more about overall market confidence? I'm trying to avoid getting ahead of myself and blowing up the progress I've made.
That's a good question. I usually look for a combination of factors, primarily a consistent win rate over a few dozen trades and feeling comfortable with the drawdowns at my current size. What kind of drawdowns are you seeing on the demo?