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My Live Trading Journey 124 replies
The journey to full time trading! 60 replies
GBP/USD, GBP/JPY trading, my journey 34 replies
My journey to trading success 0 replies
My Trading Diary-The Crazies Journey 8 replies
Dislikedthank u brother...
i realised only this week that at least if u have a small loss it recoverable....huge losses its very hard to comeback from
exampe a trade where u lose 30 pips....next trade u enter its highly possible that u can get more than 20 pips..
but if u enter a trade a lose 150 pips...its doubtfull the next trade u can make as much...and i suppose this is actually where people get doomed..
risk:reward managementIgnored
Dislikedexactly - like when you own a share which goes down 50% - you need a 100% rise to get back to where you were...Ignored
Dislikedabsolutely..gotta keep the losses small...but large even to give yourself a chanceIgnored
Dislikedgood luck navin
it looks like its bottoming out
I placed a long trade on GBP/USD as well. Came in at 1.486340 . Gonna stick it out. IT HAS TO TURNIgnored
Dislikedgood luck navin
it looks like its bottoming out
I placed a long trade on GBP/USD as well. Came in at 1.486340 . Gonna stick it out. IT HAS TO TURNIgnored
Dislikedthank u brother...
i realised only this week that at least if u have a small loss it recoverable....huge losses its very hard to comeback from
exampe a trade where u lose 30 pips....next trade u enter its highly possible that u can get more than 20 pips..
but if u enter a trade a lose 150 pips...its doubtfull the next trade u can make as much...and i suppose this is actually where people get doomed..
risk:reward managementIgnored
Dislikedbro that is very risky actually i think this trade is doomed...dailly will be bearish definately and it broke retrace law for uptrend movement...last chance was around 74% and it didnt even have a effect
also we just had a high placed in on large time frame...now its time to see a similiar low or even lower.....even lower is very likely...
trade what u see....theres a sell off...so find a place to sell into it..not buy..Ignored
Dislikedgood luck navin
it looks like its bottoming out
I placed a long trade on GBP/USD as well. Came in at 1.486340 . Gonna stick it out. IT HAS TO TURNIgnored
DislikedAround about a year ago it was and it didn't.
I don't think that way anymore (well, not too often) and if I did I think it's time I found a new source of income.Ignored
DislikedPeter , do you mean that you don't try to call bottoms anymore ?Ignored
DislikedYou guys are right
I closed the trade...
Actually i came out ahead +8 pips (god knows how)
There's no sign of any retrace that is strong enough to go against the trend
Thanks for yr advice (and if it goes up I'll still like you ! LolIgnored
Dislikedgood i think
look for a signal to sell.....thats now what im planing to do, finding it is another storyIgnored
DislikedPeter , do you mean that you don't try to call bottoms anymore ?Ignored