Most beginners blow up not because they picked the wrong pair, but because they never did the risk math before entering.

Here's the only formula that matters when you're under $5k:

Position size = (Account balance × Risk %) / (Stop loss in pips × Pip value)

If you're risking more than 1-2% per trade at this account size, you don't have a strategy problem — you have a survival problem. A string of 5 losing trades at 5% risk each puts you down ~23%. At 1% risk, the same losing streak costs you ~5%.

The traders who make it aren't the ones who are right more often. They're the ones who are set up to survive being wrong. Nail your position sizing before you touch a chart pattern.

Happy to break down how I size positions for specific setups if anyone wants to talk shop.