Hi, Along.
How anyone trades is not my business so excuse me for being too familiar but...
I've seen spreads of 25-30 pips on news trades, even with good, well funded brokers. 40 pips is gone in a few seconds. I saw a Sunday gap close a few months ago that generated a 40 pip spread. The price went my way but the spread hit my SL and I lost! A 0.5 lot size is cool with a $15,000 account. Even that is a little big. Probably would stay to $1 pips until the account is over $10,000 and $3-4 after it's over $20,000. The size of a trade should be so small that any loss could be made 10 times over and you still are solvent. Try this: Do what Sive says and Pharoah says and trade little tiny lot sizes. Just humor them for a month or two. Probably a position shouldn't be any bigger than a dime or two until the account is over $1000. Get some months in the black then fund more. Your entire journal has been plagued by overleveraging. Your strategy is probably pretty sound but your account couldn't handle the drawdown.
Let compound winnings do what they do. If your strategy is sound and played right, let the math work in your favor. Don't let the inevitable drawdown bust you out. Shoot for 5-15%/month. Those are killer winnings and Rahman and everybody else would pat you on the back. Especially now that you're breaking into news trading for the first time. Go tiny until you get your mind wrapped around it. Then risk more.
Good luck. Will be watching.
