Disliked{quote} would you like me to give you an excercise to do that can change your trading? If enough ask for it i will give it to you.Ignored
I would like the exercise.
Trade Without Fear
Need a kind soul to add sound/email alert to indicator 4 replies
save my soul 5 replies
Disliked{quote} i think you said 'is it money management' - well trading is all money management so no, that's not the answer. sorryIgnored
DislikedWhen price goes against you, you can....... place an opposite order with the same lot size when ever you feel that your "wrong" with your direction or you are starting to feel uncomfortable with the DD%. This is basically putting that trading into "limbo". Now no matter what the market does you cannot lose anymore than that amount. At this point instead of chasing your tail around with a bad trade, you wait. Wait for the next day or how ever long it takes for you to get your next GOOD entry signal. Then, at that point, you can enter the trade as...Ignored
Disliked{quote} What will I do if every single trade goes against me? Here's a fun answer: Given that every position that I open goes against me, I won't use stop losses. Example scenario: - At any point in time I place a buy trade; the Market starts going down - I wait some time and then place a sell order; the market starts going up( because it always goes against me) and my previous buy order gets in profit. - I close the profit and place another buy order; market goes against me and my previous sell gets in profit. - Rise and repeat. What you think...Ignored
So, it looks like some of you are starting to think for yourself. this is good guys!
This is very close to the way I trade, however the leverage i use would scare you i think - but it's only scary until you have done it for a few times, because you start to realise that it doesn't actually matter and this is what leverage is for!
Every guru on the planet says 'make sure you set a tight stop' and 'only risk 1-2% of your account' and 'always trade with the trend' and 'accept losses, it's part of the game' and 'one trade doesn't matter it's what happens over 100 or 1000 that matters' - And that's why they are teaching and not trading. pure bollocks that i followed for years.
Dislikedyou are gonna struggle is you are a usa resident - the usa dont want you to be able to make money. ideally a broker with a hedging account aas opposed to a netting account and tons of leverage to abuse. like 500:1 I use IC markets but they too have issues with US clients i believeIgnored
Disliked{quote} What will I do if every single trade goes against me? Here's a fun answer: Given that every position that I open goes against me, I won't use stop losses. Example scenario: - At any point in time I place a buy trade; the Market starts going down - I wait some time and then place a sell order; the market starts going up( because it always goes against me) and my previous buy order gets in profit. - I close the profit and place another buy order; market goes against me and my previous sell gets in profit. - Rise and repeat. What you think...Ignored
Disliked{quote} Top of the class for you sunshine dieguito80 - getting there but confused arent you... Reddawg5345 get a new broker bojack34 - you been looking at my account? Slinge - dont you have to be careful whatever you do? So, it looks like some of you are starting to think for yourself....Ignored
Disliked{quote} would you like me to give you an excercise to do that can change your trading? If enough ask for it i will give it to you.Ignored
is this clear?
this is a lot easier to do on ctrader because when you add to a position you still only have one position and not lots of them
Just to clarify, this is not what i do to trade - but it will teach you that you never have to lose if you trade the right size
DislikedEXCRCISE: on your account go to gbpusd and place a long trade and a short trade at the same time. your objective is to make at least 10 pips from each position. you may add to positions if you wish as many times as you like, but if you do then you must make 10 pips at the total position size in each direction Thre is no time limit on the trade length is this clear? this is a lot easier to do on ctrader because when you add to a position you still only have one position and not lots of them Just to clarify, this is not what i do to trade - but it...Ignored
Disliked{quote} Hi Soultrader. Not clear. How does this "teach you that you never have to lose if you trade the right size" Thanks, DavidIgnored
Disliked..i soul good morning from italy..so if we are looking at the big picture it s possibble to divide this business in two part,the open position (capital flow)and the close position(position capitalized) and what concern my point of view it s just how to manage the capital flow in relation at the capitalized position ...hedge.but i have a simple question for you and for me it s the core of my entire mode of thinking..how to do when the market don't let you go i mean when the market trap you in the case that you have two open position one is in profit,the...Ignored