DislikedI was thinking about it that something was wrong with my figures.
Put the values in excel and it's actually 25% not 130%.
.Ignored
It does show that you clearly trade your charts and not your PnL though.
My path to financial freedom 17 replies
Singapore trader's journal (the road to financial freedom) 8 replies
My Path To Financial Freedom 221 replies
Trade Your Way to Financial Freedom......... 10 replies
DislikedI was thinking about it that something was wrong with my figures.
Put the values in excel and it's actually 25% not 130%.
.Ignored
DislikedUnbelievable... And you said you blew a live account? Are you sure you aren't a millionaire by now? Very very nice trades.Ignored
DislikedIt's the difference between live and demo.
But i am glad it was just a 115$ account so it's not high for these valuable lessons.
NO MATTER HOW GOOD IS YOUR SYSTEM AND YOU ENTRIES. IF YOU DON'T HAVE PATIENCE, DISCIPLINE AND MM YOU HAVE NO CHANCE AT THIS BUSINESS.
My total tuition fee has reached to somewhere near 1000$ in 1.5 years.
Anyways i have started a journal to keep it tight.
.Ignored
DislikedRight, I'm stopping for today now...cricket is on so will enjoy that...I've had a really bad trading day today and am very very frustrated that I've somehow manged to lose money today, so need to take a break to relax, review my trades + mistakes and reset my emotions to neutral for trading tomorrow.
Just put all my trades into spreadsheet and the damage was done with the last 6 trades - all losing trades costing me nearly 6% of my account...only trade I have open now is an oil short @ 74.13 SL @75.00.Ignored
DislikedIt's the difference between live and demo.
But i am glad it was just a 115$ account so it's not high for these valuable lessons.
NO MATTER HOW GOOD IS YOUR SYSTEM AND YOU ENTRIES. IF YOU DON'T HAVE PATIENCE, DISCIPLINE AND MM YOU HAVE NO CHANCE AT THIS BUSINESS.
My total tuition fee has reached to somewhere near 1000$ in 1.5 years.
Anyways i have started a journal to keep it tight.
.Ignored
DislikedSorry to hear that LJ, but you know it's part of being a trader. Accepting your losses and moving on to another day is all it takes. A string of loses is nothing but a test of will for moving on.
You've got Nasir's charts from today. That's a real study case.Ignored
DislikedYep it sure is
Yeah there was nothing wrong with my charts...I normally have pretty similiar charts to Nasir as we have quite similar trading styles...it was my lack of patience to wait and give price a chance to move that cost me today and yesterday as my winners were cut far too early in some instances (G/CHF, GU, EU, Oil, EG being the major ones) meaning the losses I did suffer wiped out nearly all my profit for the week.
I've been analysing trades far too much lately...a montha go I was seeing a setup and pulling the trigger...Ignored
DislikedLook LJ you're not trading simple PA bars on daily TF. It's an aggressive style and it's not for everyone. Believe me market will put you down on you're knees. Who doesn't want to trade like rac?? Everyone want to be trade like him but actually how many you think are doing it or how many you think did tried it and failed. IT'S SIMPLE BUT IT AIN'T EASY.
As touch traders we live on the edge. We never know when our feet slipped to the wrong side. Are we taking every opportunity market offered...Ignored
Disliked1HR DBHLC on GU and GJ...I like the GU setup and UJ is @ minor support which seems to be hoilding so taking GU setup over GJ makes sense.Ignored
DislikedTriangle pattern on gold...divergence on silver...waiting for a retrace on oil.
Equity futures - YMMO has 10790 area as resistance and is holding and looking weak, Dax - sitting in support...will take a trade on the break down, FTSE boucning down from 61 fib.Ignored