If Somebody started to read this thread, please be patient, will continoue, when My free time allows it.
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DislikedThis is a great thred for new people who are trading anything less than the H4 TF.Ignored
DislikedI mean, this is a good thread for new people to learn the real deal, and throw out the indicators that lag. Also, I imagine you are trading larger time frames and thus the Price action will be more reliable.Ignored
DislikedSo, You can make classes for Your trades:
1, Good (You kept the rules)
2, Good win (You kept the rules and got some money)
3, Bad (Not kept the rules)Ignored
DislikedI believe the quote above to be one of the most important "bits" in the learning process.
You don't learn by making money but you learn by obeying the rules (your own) and judging the outcome if it is the best it could have been.
you can't define a set of rules and then expect the market to obey them.Ignored
DislikedOne "rule of thumb" is you cannot compensate for lack of capital with bigger position sizes or risk. There are no shortcuts.Ignored
DislikedSo, prepare Your brain to handle uncertainity. This must be reflected in Your MM, Psychology, and trading style, too.Ignored
DislikedTo do so, You must develope habits, and at the same time, get rid of 'bad' habits. The hardness of doing this come from the 'normal life habits', mainly , as it earlier was discussed, the 'avoid of uncertainity'.
This is why it s so important to make PLANs, and keep them, through every trade. And after a SERIES of trades, You can analise, and if needed, make adjustments.
But the utmost important tihng is, You must develope habits of
1, making,
2, and keeping plans.Ignored
DislikedMaybe we should pay attention to this one.
Real Trading Statement of Ultraforex
http://www.mt4stats.com/sig1/twone.gifIgnored