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(binned per thread starter's request) Tiny account but serious ap

  • #21
  • Edited 4:45am May 11, 2018 3:10am | Edited 4:45am
Trade secured, SL on BE.

Edit.
Closed half position.
  • #22
  • May 15, 2018 3:14am May 15, 2018 3:14am
Luck or good feeling of the market? Don't know. I hope the second one.
  • #23
  • May 17, 2018 2:06am May 17, 2018 2:06am
In recent days my decisions was good but very risky. Too big position size (x5 or 7x larger than should). Additionally these trades had no SL! Fate gave me some money but i'ts time to stop this roller-coaster ride where 1 trade can ruin all profit from 5 months.
Now I'm elaborate new position size and RR rules and I will try to stick to it. I know that once again I write about it but doing something else but... it's hard work - discipline. I trading from 10 years (with pauses) so I know how this freestyle trading can ends.
  • #24
  • May 22, 2018 1:58pm May 22, 2018 1:58pm
Another good trades today. For my Z.
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  • #25
  • Edited 8:24am May 23, 2018 4:29am | Edited 8:24am
Trend is your (best) friend.

edit.

Please tell me why i feel disappointed?
I opened too big position. Position goes on my favor and I close it with nice profit (for my standard position nice profit). Now i see that market is still going on my favor and i feel anger because I closed my position. Why? You break the fundamental rule and you should be very very happy because you don't lose your all profit when market after opening position goes on other bad for you side!
It's so stupid but I'cant stop this. Wrr...
I need deposit more money to open bigger position and feel satisfied with profit.
  • #26
  • May 23, 2018 9:22am May 23, 2018 9:22am
Ok, it's time to some plans/goals for next 3 months. Table below shows forecast balance for trading 01.06.2018-31.08.2018. I'am really intresting what result I reached.
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  • #27
  • May 24, 2018 6:07am May 24, 2018 6:07am
What a shiny day outside and in my account also
  • #28
  • May 29, 2018 4:02am May 29, 2018 4:02am
Don't take offense on the market when you lose - just take another chance to make money.
  • #29
  • Jun 5, 2018 1:27am Jun 5, 2018 1:27am
My yesterday trading is like title of this (good) song:

https://www.youtube.com/watch?v=HYWdgBtSM8s
  • #30
  • Jun 5, 2018 1:33am Jun 5, 2018 1:33am
Quoting Gopixus
Luck or good feeling of the market? Don't know. I hope the second one.
if you're not 100% sure its probably luck.
Not being mean intentionally, because I was there numerous times.

I think when you finally get there, you'll just know without even having to say it out loud - there isn't going to be any doubt or confusion.
...
  • #31
  • Jun 5, 2018 1:41am Jun 5, 2018 1:41am
Quoting Piquant
{quote} if you're not 100% sure its probably luck. Not being mean intentionally, because I was there numerous times. I think when you finally get there, you'll just know without even having to say it out loud - there isn't going to be any doubt or confusion.
After 10 years of trading (with pauses) i'am still beginner BUT is there is a difference in this year - I can make profit at least 3 months in row. My trading style become more agressive because I feel perky.

The lecture Trading in the Zone changed my mindset a little.
  • #32
  • Jun 5, 2018 1:56am Jun 5, 2018 1:56am
Quoting Gopixus
{quote} After 10 years of trading (with pauses) i'am still beginner BUT is there is a difference in this year - I can make profit at least 3 months in row. My trading style become more agressive because I feel perky. The lecture Trading in the Zone changed my mindset a little.
you've been in the game much longer than I am so you probably know "that feeling" - I know exactly what you mean by "difference" and "good feeling of the market" because after a long while you develop a feel for the movement if it's going up or down by identifying different types of patterns how and when they form in an up or down moves. I guess this is where you are now - but for me timing that entry is still a bit of a struggle and I suspect its been the case for you as well ? because if you're really feeling the pulse of the market you shouldn't make any ill timed entries therefore zero to minimal losses ?
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  • #33
  • Jun 5, 2018 2:03am Jun 5, 2018 2:03am
Quoting Gopixus
Trend is your (best) friend. edit. Please tell me why i feel disappointed? I opened too big position. Position goes on my favor and I close it with nice profit (for my standard position nice profit). Now i see that market is still going on my favor and i feel anger because I closed my position. Why? You break the fundamental rule and you should be very very happy because you don't lose your all profit when market after opening position goes on other bad for you side! It's so stupid but I'cant stop this. Wrr... I need deposit more money to...
If you focus too much on money, then you're not controlling your greed which means that a disaster is coming.
From what I read, and in that sense Piquant is 100% right, you should focus on trading well, on your system, on how to maximize profits and minimize losses and be satisfied by your trading, not by your profits, and believe it or not, if you trade well, the profits will follow.
Simplicity is the Ultimate Sophistication.
  • #34
  • Jun 5, 2018 2:23am Jun 5, 2018 2:23am
Sincerely at this moment I need break. I feel that I am losing control because of overtrading. Even my profit come to 0 - nothing happen - i know what to do with new rules (rules the same only difference is position size).
  • #35
  • Jun 5, 2018 2:40am Jun 5, 2018 2:40am
Quoting Gopixus
Sincerely at this moment I need break. I feel that I am losing control because of overtrading. Even my profit come to 0 - nothing happen - i know what to do with new rules (rules the same only difference is position size).
Then if you feel that you need a break, why not take one ? From what I see in your explorer you're in profits so far, so all fine, no need to lose control.
Sometimes markets don't move but we would like to trade and make profits but markets give nothing and that's when we overtrade.

When instead a better solution would be to switch off the monitors and go out for a walk, a run, go the gym, change your mind for a day or two and come back fresh and energized.
Simplicity is the Ultimate Sophistication.
  • #36
  • Jun 5, 2018 3:30am Jun 5, 2018 3:30am
Quoting Gopixus
I am losing control because of overtrading
I tend to overtrade when I'm on a losing spree.
I often go on a losing spree because I don't know enough , lack of knowledge plus lack of hands on experience.

Don't be discouraged just yet, I'm on the same boat as you trading on a live half sure of what I'm doing so losses are a common occurrence.

However what has changed for me the past few months is that I realized that I didn't lose my edge because I had none to begin with, but I am learning to feel the pulse the subtle cues it uses to speak to us.

The variety is infinite which is why it takes so damn long !! to get it but I think with time and enough screen time plus some hard earned (coins lost) hands on experience we can learn to feel the pulse as time goes on.

So be patient and be smart when it comes to leverage. I think trading on a live however small it may be can teach you countless lessons and forces you to reflect on your mistakes than say a demo account. I try my best to make use of those lost coins.
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  • #37
  • Jun 5, 2018 4:51am Jun 5, 2018 4:51am
Quoting Piquant
{quote} I tend to overtrade when I'm on a losing spree. I often go on a losing spree because I don't know enough , lack of knowledge plus lack of hands on experience. Don't be discouraged just yet, I'm on the same boat as you trading on a live half sure of what I'm doing so losses are a common occurrence. However what has changed for me the past few months is that I realized that I didn't lose my edge because I had none to begin with, but I am learning to feel the pulse the subtle cues it uses to speak to us. The variety is infinite which...
The real reason why so few get it is because something within every trader prevents them from "seeing" it. This something is call "FEAR". Not only we can't see it in live markets, we also can't see it in historical charts, that's how powerful "FEAR" affects us the extent of which is grossly under-estimated. This means even while we scrutinise our historical charts we are still unknowingly dominated by fear that naturally disable the things that we should see on the charts. Our opinions are formed by this entrenched fear which makes it very difficult to impossible to change them. The result is completely wrong analysis giving bad trades.

Unless the trader realise this extent of fear domination he will find it difficult to see what actually transpired in the past market on his chart. Let alone able to see the real price action in current live market.

(Note that the oft quoted price action that your learn from the web material is not representative of the actual market action that plays out daily)

This thing happens repeatedly day after day. That bolded part is incorrect where the opposite is true that the variety is few and finite. Yet we are not able to spot it at all as explained above. In short, you have to realise this huge presence of fear, take real steps to address it then look at your charts again that hopefully you see what you need to see ie. the real stuff. Hope this post helps your journey.
  • #38
  • Jun 5, 2018 5:40am Jun 5, 2018 5:40am
Quoting skyway
{quote} the variety is few and finite.
But it's far from simple although now that you said it I do agree with your point the foundation is straightforward : support <-> resistance, break -> retest, lower resistance -> higher support, resistance re test <-> support retest. It may be finite you're right, but the dynamics of these relationships is complex for the inexperienced or the ill trained.

It takes a skill and an experience right one to differentiate if a HL is coming from bulls attack or bulls defense and vice versa for LH does it make sense ? we need a context to come up with the right answer, but for me these are the infinite varieties but it is possible to differentiate if the HL is coming from a bulls attack which would be a buy in a previous down move or bulls defense which would be a sell on a pullback continuation of the existing trend.

As for fear, I think it's an indication for lack of knowledge and lack of right experience. The less you know the more brave you become, the more you know the more fearful you become but when you know "enough" and when you acquire sufficient knowledge and experience that fear will dissipate one by one not chunk by chunk. I don't think fear will disappear completely as we're dealing with uncertainty but I'm sure it will not interfere you pulling a trigger and banking 50 or 60pips on 10 trades and losing 10 or 40 on 1,3 trades.

I'm sure even the greatest vocalist feels nervous right before the concert or his/her performance every time even tiny bit however experienced or good they maybe but as they gain more and more mileage (right exposure) they'll find a way eventually to carry out his/her performance whatever the condition may be or whatever obstacles they may face. After years of drilling down the right exposure it'll become his/her second nature to react "right" to any uncertainty or certainty.
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  • #39
  • Jun 5, 2018 7:56am Jun 5, 2018 7:56am
My chart looks like disaster but it's only reason is increase position size x5. Of course is too much but half of it will be optimal from now. Time to rest a little from trading.
  • #40
  • Jun 6, 2018 4:17pm Jun 6, 2018 4:17pm
Well, i just need to my money back from aud/usd. Now break.
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