DislikedMaybe it's because aiming for a shitload % a day 4 to 10 percent is to much. I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream.... Who can recognise his/her self in this?Ignored
Controlling Emotions is Not the Goal of Trading Psychology 5 replies
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Trading System versus Trading Strategy: Gaining a Profitable Edge 33 replies
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DislikedMaybe it's because aiming for a shitload % a day 4 to 10 percent is to much. I'm not nervous of losing my $100,- investment but i'm nervous about losing my dream.... Who can recognise his/her self in this?Ignored
Dislikedaud usd, its in a resistance, one hour price action sell signal for a sell.Ignored
DislikedWhat I highlighted, I need to change that. The green is ok, red needs change. {image}Ignored
Disliked{quote} The red is actually completely fine. Look at your avg. winning trade vs. avg. losing trade percent. It's 5.2% to -2.0% respectively. That means your wins are 2.6x greater than your losses. That's fantastic. A lot of people think there's something wrong with losing more often than you win, but that's a huge fallacy. It would be a problem is your average wins were equal in size to your average losses. But you're doing everything right here. You're allowing your winners to run and cutting your losers early. So you don't have to win more than...Ignored
Disliked{quote} Hmmm... I just looked at your TE though. Your performance is likely greatly skewed by these two trades: {image} So yes, if you took those out your avg. win to avg. lose is probably much less favorable.Ignored
Disliked{quote} Exactly. That was the NFP trade. I love trading NFP since it isn't that difficult but let's call that one lucky. What I lack of is a very good example of today with EURNZD. I do nothing more than getting the 8 and 12 hour charts, clean from everything and start to draw the trend lines when a channel forms. I move one inner and one on the highest point For me this actually works perfectly on the 8 hour especially. But there you have it, if it passes by and closes above then I get insecure because then I have the idea it will go to the outer...Ignored
Disliked{quote} Yes, the channel approach... I got burned on NU today, the first time I entered. It fell through the channel and my "level", and dropped down to the next supply/demand level, which would have actually been a better entry point. If I had to do it over again, I'd probably still have entered where I did, but widened my SL below the next supply/demand level down, One thing to keep in mind, since all of the "pending" buy/sell orders will be at the supply/demand level, and typically not the channel trend line, it's good to look for confluence...Ignored
Dislikedpeople have you heard about Ultimate4Trading, its a program that is very effective, it was presented in startup365, anyone know about this?Ignored
DislikedMy two cents Lesson #1 Widened My SL on this trade, I managed them manually, loosen and tighten, but then I felt a sleep. My broker has closed My trade for 55.7 pips, but My real stoploss 52 pips. Slippage? Should I complain to this? Nope. Life goes on. Stop hunting is real. The broker teach Me where I should put My SL instead. Lesson #2 The option. Take your stop loss as a plan A and respect them? Or U can change as U like according to latest situation as a plan B, or C, or D, or E. Why if prices never comeback? My first (initial) SL...Ignored
Disliked{quote} Why not enter short where you had your stop, instead of entering at a lower price?Ignored