"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Do you believe tight stop-losses cause losses in the long run? 76 replies
Do you believe fixed stop-losses cause losses in the long run? 16 replies
Are you a small speculator? Then I know where your Stop Losses are! :) 11 replies
How do you recover your losses? 15 replies
Disliked{quote} I was referring to the fact that what happens in a trade is unknown and always will be. That doesn't mean you cannot make a profit. It just means the unexpected can happen at any time. It is like planning a picnic for next Saturday and it rains. It is not your fault. You just reschedule it. Tell yourself that trade rained on me, and then prepare for the next one. One thing for sure...there is always another trade. Good Luck.Ignored
Disliked{quote} So, you are telling us that this all work? Reschedule, prepare for the next one? No exit plan whatsoever? Let it rain? You are a forex millionaire. Please teach us how to get there? Maybe some visual LIVE examples would be helpful? I would accept some demo examples as well. I am not picky...Ignored
Disliked{quote} What would be your exit plan for rain on your picnic genius? WOW! Way to take things out of context. Your hate is so huge you have gone blind. We are talking about accepting losses, not exit plans. READ!! Shouldn't you be panic trading gold? Stop interfering in other people's conversations if you have nothing to contribute.Ignored
Disliked{quote} Well, nover writer. This is open trading topic, not a private novelists club. Take it easy. I was expecting an idea, like, you cut your loser short, re-open a new trade into the THE RIGHT direction. If it is a loser already, that needs to be closed, it is obvious the first direction chosen was WRONG. Lotsize management and potions averaging are must have plan, PRIOR TO FIRST ENTRY. Prepared for execution, when shit hits the fan. Do not stop the chase, once started. Ext. Something more constructive to the TRADING TOPIC, darling. You have...Ignored
Disliked{quote} Try reading the thread maybe and stop being consumed by hate?? https://www.forexfactory.com/showthr...7#post10928817Ignored
Disliked{quote} Leave the trash talk for some other times. Now, a good way to enter is to open all USD pairs, for example, and when 5 out of 7 of them start moving the same way is to jump on to the slope. If the slope happens to be a fake direction and the real direction appears immediately after, reopen into the new direction. What loss? During the chase, some drawdown might appear. Usually it is bigger than the potential profit. But that is normal. What loss? Loss is when you open one trade into the bad direction. SL get hit. And you give up. If you do...Ignored
Disliked{quote} Don't talk to me. Talk to the OP like every other normal person. What you said sounds reasonable, on a different thread. Not the subject matter here. No one is asking how to trade. Thanks for toning it down though. Now, this time, read the thread, speak to the topic, and speak to the guy wanting to know your thoughts...the OP.Ignored
DislikedEverything is great now Now please, can you tell us what to do when you face more than a one loss in a row? How do you get rid of the impact of these feelings on upcoming trades? Its ok to give some tips and advice in other subject In the end we all want to learn something new from someone else's experienceIgnored
Disliked{quote} You don't get "rid" of the feeling. It exists for a reason. Let it seep deep into your soul. You will experience it many times over. Embrace it. Because this is the only way you will learn. And if you ever "forget" the feeling of losing a trade, market will remind you. That said, just take a break. When you come back to your platform, plot the horizontal support and resistance levels with a straight line. Trade only established support and resistance levels. Look for confirmation in the candles. And keep your position size small and your...Ignored
Disliked{quote} Thanks for your interaction and sharing us your feedback. Now can you describe how you feel when you face more than one loss?Ignored
DislikedAli, win/loss ratio in itself means nothing. You can have a win rate of 99% but still not be profitable. Example, You can win 5 pips 99 times IN A ROW and take 1 loss of 500 pips, I have seen this happen with people who use no stops or just keep waiting for the market to come back, and you will be unprofitable. As a matter of fact, many experienced traders can take more than a few consecutive losses in a row. Anybody who says they are not taking consecutive losses every now and then is not being truthful. Last year I had a roughly 40% win rate....Ignored