I really don't think your problem is all that different or new. I blew at least 15 accounts since I started trading in 2011 and I just stopped counting at some point. So if anyone can give any advice on the dangers of greed and "emotional ...

Read this book. It will help you with managing your losses. url I would posit that emotions are not the biggest problem you have. The biggest problem may instead be a flawed understanding of market structure and price movements. This flawed ...

A summary of what's going on so far. Apologies if I did not capture the essence of your post or if I missed yours. feline207: - Humility as a core quality: Whenever you start to think that you are bigger than the game you play, things could happen ...

For a liquid pair like EUR/USD I think the risk is close to zero if not zero. The market is highly liquid and even if something crazy happens it will take a while for price to find direction. Just don't trade things that have pegs on them or are ...

This is coming from the PoV that before-the-fact analysis = good trading. IMO before the fact analysis is barely 30% of the actual trading. Most of the times the market can and will surprise us and to me trading is about assimilating any new ...

The more I trade the more I find that this is what I am trying to do. Trying to figure out whether a move belongs to a small time scale or a larger one. And then there's this. But I find that as long as we choose good locations to trade from and ...

This is an interesting interpretation of the "hopelessness" idea. thanks for pointing it out. I have thought about it this way as well. But I was thinking more along the lines of "hopelessness" in the context of any particular trade. Conversely, ...

Thanks for the all replies thus far. Appreciate all of them. Will probably do a summary from time to time here to see what we have got. Can I play Devil's Advocate for awhile here? No doubt it's a very "psychologically" attractive way to think ...

I heard a quote somewhere... patience = "I can take this pain."

well said.

Be brave and do the right thing. Act responsibly. We can all be a little braver, a little happier.

When you start to love... The detailed Pre-market preparation; The pre-session visualisation; Putting on the right trades; Taking the appropriate risk; Waiting for the good entries; Conceding small losses; Stalking for the optimum exit; Journalling ...

How I tap into intuition & the Art of Play For entries: The first 1/5 of my position can be based off nearly anything. I have a list of 10+ things I am looking for. If any one of the 10 triggers, I am in. Intuition is one of them. The remaining 4/5 ...

Think about what this means for trading, Part 3 What many beginners end up doing is the following: They see a downtrend and they start to buy even when price has not shown any clues it wants to reverse. So because they don't use stops they suffer a ...

Think about what this means for trading, Part 2 Imagine two urns filled with millions of poker chips. In one of the urns, 70 percent of the chips are red and 30 percent are blue. In the other, the ratio is reversed, so we have 70 percent blue and 30 ...

The Holy Grail a.k.a. It's okay to trade based on feelings. Feel like going long a mega downtrend to catch the bottom? Check the higher time frame trends. Check for levels. Well. Nothing. Everything is against a long trade it seems. This trade ...