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Post your Trading Mistake and How you overcame it

  • #41
  • Jul 18, 2017 2:21pm Jul 18, 2017 2:21pm
Quoting simond2002
The basic important bits of my own journey: Finally accepting that I couldn't trade (took about 2 years from the beginning) Finally accepting that other traders' charts and particularly their ABC type of way to trade them had some good information in there but often contained serious contradictions Finally accepting that I would have to learn how to trade by myself (a key moment) Focusing on the good PA stuff that other people had offered while also using my own logic and common sense to iron out the contradictions in a way that made sense to me...
hi
Are you really stop trading. Can i ask you, What kind of trader you are I mean breakout, Trend continuation, Reversal, Momentum. And another question whats your time restriction like are you day trader, swing, or just scalper.

I believe same types of trader helps each other much better.
MA provides the market's current direction and strength.
  • #42
  • Jul 18, 2017 11:49pm Jul 18, 2017 11:49pm
Always remember - if your trading strategy (which is clear and written) works, even with cent account, you always will be chance to share it, sell it or get investors with more capital and get more profit. So best way what to do - make trading plan with 5-10 rules. Don't open trades, only what written in your plan.
  • #43
  • Jul 19, 2017 12:16am Jul 19, 2017 12:16am
Quoting hasib
What kind of trader you are I mean breakout, Trend continuation, Reversal, Momentum. And another question whats your time restriction like are you day trader, swing, or just scalper.
Hi,

I'm essentially a swing trader although this relates to how I analyse the market as opposed to the length of time I stay in a trade. In other words, I would enter a W1 trade in exactly the same way as a M5, i.e. at a point where I anticipate the market structure is about to swing in my favour.

Based on the above I actually prefer to place momentum trader and scalper in the same category with these guys basically trying to catch liquidity with brief in/out moves. It's not something I've ever been that interested to try myself.

In terms of TF, I analyse M15/5 because these structures swing enough times during the day as to provide ample opportunity.
  • #44
  • Jul 19, 2017 12:52am Jul 19, 2017 12:52am
read all comments and it seems i have made all the mistakes here, and biggest is not having a diary of what did go wrong where and when, i am off to trade log to start creating a history file
  • #45
  • Jul 21, 2017 12:26am Jul 21, 2017 12:26am
These days are hard for swing traders - AUD and EUR is running up and killing accounts. Sad... Most of traders isn't ready to trade with more than few hundreds pips loss. Maybe 2 of 10 can earn fast money, but... one of them lost all after high risk and strong price move. That is what I saw in FF for these years.
  • #46
  • Last Post: Jul 22, 2017 5:26am Jul 22, 2017 5:26am
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MA provides the market's current direction and strength.
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