im trading, and a having a good streak. Im doing like 100 trades with only 15 losses, where average loss equal average win.
and then i feel exactly like this:
man, can it plz go faster. i want this amount of profit today. even though i know you shouldnt think like that, but rather stay calm and focused and only trade when oppurtinities arise.
then i cant accept a loss, since i like my nice looking winning streak. I hold on to the trades for longer now, even if it goes against me.
then, it goes against me big time. ive a very big loss now. I close it, and i want everything back in one trade, and i change trading from scalping to intraday, and hope the price reach back to where it was before. Another big loss. Then another bigg loss.
then i quit trading, for like 3 months. and then im back again.
when im scalping im like doing 8 pip, profits and 8pip losses. when i fail, and get emotinoal, i start doing 30pip losses.
i mean look at my blog, if you have this winning streak, you obviously know something, thats why im back:
http://www.cashfxspot.blogspot.com/
so i know ive a knack for it....i guess.
ive read numerous books about psychology and money managetment etc, but i dont listen to it.
what should i REALLY do? even in real life, im a very emotional person, and even though im a man, people say im a very feminime man. im talking a lot like a girl, cry very easily etc. LOL. Its like im losing focus at some point in trading, and start taking more riskier trades, start getting lazy, as this is another systematic small profit, so i start increasing position size and is active more often, and hold on to trades for too long etc. its so hard to revaluate that now you should get out, in real time, it requires very good focus. but somewhere down the way, you start being lazy, or seek a good exhilating moment.
and then i feel exactly like this:
man, can it plz go faster. i want this amount of profit today. even though i know you shouldnt think like that, but rather stay calm and focused and only trade when oppurtinities arise.
then i cant accept a loss, since i like my nice looking winning streak. I hold on to the trades for longer now, even if it goes against me.
then, it goes against me big time. ive a very big loss now. I close it, and i want everything back in one trade, and i change trading from scalping to intraday, and hope the price reach back to where it was before. Another big loss. Then another bigg loss.
then i quit trading, for like 3 months. and then im back again.
when im scalping im like doing 8 pip, profits and 8pip losses. when i fail, and get emotinoal, i start doing 30pip losses.
i mean look at my blog, if you have this winning streak, you obviously know something, thats why im back:
http://www.cashfxspot.blogspot.com/
so i know ive a knack for it....i guess.
ive read numerous books about psychology and money managetment etc, but i dont listen to it.
what should i REALLY do? even in real life, im a very emotional person, and even though im a man, people say im a very feminime man. im talking a lot like a girl, cry very easily etc. LOL. Its like im losing focus at some point in trading, and start taking more riskier trades, start getting lazy, as this is another systematic small profit, so i start increasing position size and is active more often, and hold on to trades for too long etc. its so hard to revaluate that now you should get out, in real time, it requires very good focus. but somewhere down the way, you start being lazy, or seek a good exhilating moment.