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Sam@ezeetrader.com

Up £7500 this week – Friday’s trading video….

Current open positions still running well and prove the benefit of holding onto trades. Intraday the market never came to my levels today to get in, but it’s always a good lesson in appreciating you can’t catch everything…

5 Comments

  1. Gavin-Reply
    April 24, 2021 at 7:55 pm

    Hi Charlie, I follow your blog regularly and you speak a lot of sense compared with a lot of people on the web. I’m curious though, why do you do the educational stuff? Surely if your trading strategy has positive expectation then you are only limited by the amount of capital you have and this should increase over time as you make profit. So I don’t understand why you bother with the site, the videos, the trading rooms, the courses etc.

    • Charlie Burton-Reply
      April 25, 2021 at 8:00 am

      Great question! Because if all I did was trade I wouldn’t feel like I had much of a purpose. Trading itself is pretty lonely and I’m a person that needs interaction. So having EzeeTrader actually fulfills that need to feel like you are actually doing something. When I went full time trading in 2001, it was a real culture shock just sitting in my study with nothing else going on. So EzeeTrader gives me a different sense of worth….

  2. Rony-Reply
    May 2, 2021 at 3:07 pm

    Just a quick piggyback off the last message…..I feel it’s true that trading can feel like a very selfish pursuit. It’s one of the occupations that lacks human interaction, which is why I’m sure allot of educators like Charlie feel the need teach and help other traders reach their goals in life.

    I actually had a question to ask you. It’s on the topic of drawdown but before I get to the point just want to say well done on the killer week 🔥👌🏻. Getting back to it, I just wanted to know what level of drawdown is considered acceptable for investors?

    I’m sitting at a 50% return for the month (April) with a drawdown of 8% I’m risking a pretty high amount around 7% per trade. But would you say, even though I am risking a high amount the drawdown Is ‘good’ for me to keep risking this amount? Or am I on the wrong spectrum risking that much is a BIG NO….

    Just thought you’d be the person to know about this stuff.

    • Charlie Burton-Reply
      May 2, 2021 at 3:31 pm

      Hi Rony and thanks for the question. Unfortunately you are risking too much. It would only be a matter of time before you have a series of losing trades and then have a hefty drawdown. I wouldn’t recommend going above 2% absolute max and even that is a lot.

      Hope that helps

      • Rony-Reply
        May 2, 2021 at 5:09 pm

        I understand what you’re saying… And Yes It makes total sense. Thanks for getting back to my message. 🙌🏻

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