Stop first, size second
Know where you are wrong before you enter, then let that distance set your position size.
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// Month oneYour first month is not about profit. It is about learning the tools, building rules and proving to yourself that you can follow them. Here is a week-by-week outline you can adapt.
Do not rush ahead. Each week unlocks the next, and skipping one usually costs more later.
Handle the download, complete your login, and learn where charts, orders and positions live. Place a dozen practice orders just to build muscle memory.
Choose one instrument and one idea to study. Trade it in simulation only. A narrow focus teaches more than chasing everything that moves.
Entry condition, stop placement, maximum loss for the day, and the time you stop. If a rule cannot fit on an index card, it is too complicated.
Read your journal from start to finish. Count rule breaks, not dollars. Decide whether to keep practising or to try very small size.
Know where you are wrong before you enter, then let that distance set your position size.
Pick a number in advance. When you hit it, the session is over, no negotiation.
One line each: reason, result, lesson. Patterns show up in the notes long before they show up in your balance.
Almost everyone repeats these at least once. Reading them is cheaper than living them.
| Mistake | Better habit |
|---|---|
| Going live too soon | Graduate from simulation only after rule-following streaks |
| Adding too many indicators | Keep two or three you truly understand |
| Revenge trading after a loss | Step away for a fixed cooldown |
| Ignoring position size | Risk a small, fixed share per trade |
| Skipping the journal | Write one line immediately after each trade |
Install and sign in to the platform, practise in simulation, write a short rule set and keep a journal before even thinking about real money.
There is no magic number. Many learners keep going until they can follow their rules consistently for several weeks in a row.
That depends on the contracts, margin and broker rules. Check current requirements officially, and never fund more than you can afford to lose.
Some people do, but many lose money. Treat any promise of easy income as a warning sign.