Kardec Trader explains why traders blow accounts: overtrading and overleveraging. Risk no more than 1-2% per trade. If you risk $500 on a $1,000 account, you're done after one bad trade.
1% to 2% of account size per trade.
Risking $500 on a $1,000 account (i.e., 50% of the account on a single trade).
Some traders are not able to become good at losing because they over trade. They over leverage their account. If their account is at $1,000, they are risking $500 on a trade. Of course you're not going to be good at losing because one or two bad trades will wipe you out. So you also have to make sure your losses are minimal, especially according to your account size. So something that you guys could follow is maybe risk 1% or maybe 2% of your account size on a singular trade and keep that consistent over a long period of time before you look at to size up. Now, when you keep that consistent, it will be easier for you to take on losses because the losses won't be massive, they won't be big. There'll be small losses that you can keep eating at. If you do hit a losing period.
