HALT!

Today, I faced the huge loss of almost the whole amount of my virtual account with Marketiva...

The two 100k short positions on GBP/USD closed as my remaining margin limit was breached. On analysing my other 100k short position for the EUR/USD, I also decided to stop the trade.

Strangely I'm not quite sad or affected by this, but I can't say the same if it were real cash. But I now know I've learnt one of the most impt lessons in trading, apart from how to read trends and directions, and that is proper money management. I have decided that I will make a proper study of what's the most comfortable ratio I can work with. Currently, I will not use more than 10% of the total 100x given by the platform. This would allow me to lose 900pips before the margin is breached.

I have also decided to focus on one currency pair, that is GBP/USD, so as to better understand this partner-friend of my mine on the forex journey.

Having said that...I have close to USD1900 in my virtual account. This, from now, shall be a serious experimentation of what I have learnt.

May more important lessons come.