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I'm a noob and need advice on managing a losing trade 28 replies

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I let a Pro Noob trade my account

  • #121
  • Sep 24, 2018 9:37pm Sep 24, 2018 9:37pm
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Good morning all. Sorry about the loss but my Sunday was horrible. I literally was trying to trade from the hospital bed and clearly it didnt go to well. However, i am going to let the EA run and pop in only once she gives her signal. 9 hours of vomiting and diarrhea is not fun especially when all you want to do is trade well.

Quoting magne999
And there it busted exacly what i said he had too be careful way too big distance too SL lots like that 1.5-3 pips sl at most...You cant sit and watch 50 pips negative with 2.5 lots....Almost gave back everyting in a few ours..Sorry i tought it was 1 trade but it was 4 but still....Its 12.5 pips negative pr trade way too much....Just saying and have been saying,,,But people here "Its amusing folks here trying too learn you how too trade your system....I am very sorry for your loss my friend,but you will bounce back from this you have a good system...
Ithink ypu are focusing way to much on how ai am trading. In all honesty i know what it is i am doing and how to do it. I have a plan and i know where my sl and tp are. I stick to that and everything else will play perfectly. Let us see if we get account back to the high by wednesday.
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #122
  • Sep 24, 2018 9:45pm Sep 24, 2018 9:45pm
Quoting OddReality
{image} {image} Good morning all. Sorry about the loss but my Sunday was horrible. I literally was trying to trade from the hospital bed and clearly it didnt go to well. However, i am going to let the EA run and pop in only once she gives her signal. 9 hours of vomiting and diarrhea is not fun especially when all you want to do is trade well.
wish u a speedy recovery.
  • #123
  • Sep 24, 2018 9:45pm Sep 24, 2018 9:45pm
Quoting hilmy83
{quote} the irony of this is that he's doing better than your TE. everybody giving him this "condolences" like his account fucking died or some shit.. relax people. i'm more impressed that he actually took out that 8 lot trade and saved his account. i've seen my fair share of fools letting go their account to hell on a bad setup. so to Oddreality..keep going man. keep doing what makes sense to you. don't try to conform to this typical risk management rules.
Thabks hily. The most interesting part is the matket gapped and i took the first signal as i never do. I also wait for the reset signal, 20 pips, and then attack based on the formation seen. We actually caught a formation 2 a few mins ago and we were able to earn over 5% so everything is back. I just hope my stomach holds up ttoonight so ican pop in and out and see what this EA is doing. I will released from the ER tomorrow morning.

Quoting kennyxox
{quote} wish u a speedy recovery.
I think i should be ready to go tomorrow. Hoping to recover the entire loss before wendesday . We will only need 3 formation 2's and and hit all of them before sl in order to recover. See you soon Kennyxox
1% a day keeps the 9 to 5 away. Even with 500usd account!
  • #124
  • Sep 25, 2018 11:09am Sep 25, 2018 11:09am
You have 572 balance and withdraels 470 and there are additonal adjustment of -872 dollars so the TE says you had 827 dollars in profit....Did you get that loss back from your broker ore????I dont understand....
You win some you loose some do both with peace of mind
  • #125
  • Edited 2:35pm Sep 25, 2018 1:52pm | Edited 2:35pm
Quoting magne999
You have 572 balance and withdraels 470 and there are additonal adjustment of -872 dollars so the TE says you had 827 dollars in profit....Did you get that loss back from your broker ore????I dont understand....
i'm sorry about that but unfortunately he took another big loss today ( 60 % DD )

maybe he was right about feeling the pressure , but he should not feel the pressure and just focus on his method

he can do it if he wants to , stays focused and avoid trading when he's sick and in the hospital
  • #126
  • Edited 7:18pm Sep 25, 2018 2:50pm | Edited 7:18pm
Actually what OR should be focusing on is getting back to health....
OR you have two major issues right now..... Health and a Big Assed drawdown.
One of the cardinal rules is DON'T trade when you are sick or injured or on an emotional low......
It fucks with your judgment.
  • #127
  • Sep 25, 2018 3:01pm Sep 25, 2018 3:01pm
Quoting tradestar1
Actually what he should be focusing on is getting back to health.... One of the cardinal rules is DON'T trade when you are sick or injured or on an emotional low...... It fucks with your judgment.
I know i did some mistakes i Asian session last night and i didnt sleep and needed too reacover my 13.1% loss tired like hell took me 22 trades and 6 ours too get back too 0 then i got a coupple of ours sleep and took 2 small winners soo i am +1.5% i sure wouldnt have struggeled soo if i had been rested its very importent too be fresh and fit....Not be in hospitel bed puking and trading from phone i dont trade of my phone either i need real charts....<<<<<<<<<going back too my 3 min system tomorrow i get stressed out by the 1 min....LOL.....Here is a little ting too lighten up OD`S day......
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You win some you loose some do both with peace of mind
  • #128
  • Sep 25, 2018 7:22pm Sep 25, 2018 7:22pm
Here's a little vid you guys and gals should watch....
It helped me with some of my trading issues.

https://www.youtube.com/watch?v=zQqxmh8keos
  • #129
  • Sep 25, 2018 10:31pm Sep 25, 2018 10:31pm
With the thread gaining traction, there is always the pressure to out-perform. This can aggravate losses. Overall you are profitable in terms of deposits, withdrawals and balance. Refocus on the initial state of mind when you started this. Get well too.
  • #130
  • Sep 26, 2018 5:00am Sep 26, 2018 5:00am
Quoting babakeni
With the thread gaining traction, there is always the pressure to out-perform. This can aggravate losses. Overall you are profitable in terms of deposits, withdrawals and balance. Refocus on the initial state of mind when you started this. Get well too.
You had 3000 balance Sunday night and now 345 dollars thas almost 1000% decrise in 4 days....Remember i said you mayby had a little luck with your high lot trades Friday ore soo and you said what makes you think its luck....Mayby there where a little luck anyway...LOl.....But dont give up you did it once and can doo it again..And please get well,,,,,,This is just a strike of BAD LUCK...
You win some you loose some do both with peace of mind
  • #131
  • Sep 26, 2018 5:13am Sep 26, 2018 5:13am
Quoting magne999
{quote} You had 3000 balance Sunday night and now 345 dollars thas almost 1000% decrise in 4 days....Remember i said you mayby had a little luck with your high lot trades Friday ore soo and you said what makes you think its luck....Mayby there where a little luck anyway...LOl.....But dont give up you did it once and can doo it again..And please get well,,,,,,This is just a strike of BAD LUCK...
LOL, there is no such as 1000% decrease....i think you wanted to say almost 90% decrease.
there is always, always another trade!!
  • #132
  • Sep 26, 2018 5:19am Sep 26, 2018 5:19am
Quoting profitfarmer
{quote} LOL, there is no such as 1000% decrease....i think you wanted to say almost 90% decrease.
A 0 too much...lol
You win some you loose some do both with peace of mind
  • #133
  • Sep 26, 2018 11:02am Sep 26, 2018 11:02am
take a break OR , you're overtrading now

you're hitting a 90 % DD from your equity peak , don't trade when you're sick and don't trade to perform for FF , just trade for yourself and your method

start all over again , you can get back when you're out of the hospital
  • #134
  • Sep 26, 2018 2:51pm Sep 26, 2018 2:51pm
Keep up the college studies. Get a good job. Trading is very risky and not many survive. Get qualified then trade part time. If you are good enough to be one of the few who can trade full time then you can give up the job. If you fail or can only trade part time, then you have the job to pay your bills.
every Saint has a past. Every Sinner has a Future
  • #135
  • Sep 26, 2018 10:39pm Sep 26, 2018 10:39pm
Quoting magne999
{quote} You had 3000 balance Sunday night and now 345 dollars thas almost 1000% decrise in 4 days....Remember i said you mayby had a little luck with your high lot trades Friday ore soo and you said what makes you think its luck....Mayby there where a little luck anyway...LOl.....But dont give up you did it once and can doo it again..And please get well,,,,,,This is just a strike of BAD LUCK...
Risk and money management is important, so not bad luck! It would have been worse if he lost the invested capital. The balance plus withdrawal is still above his initial investment. Despite the drawdown that is profitability. The pressure can only make this worse. Then that would be bad luck
  • #136
  • Sep 27, 2018 12:50am Sep 27, 2018 12:50am
Quoting babakeni
{quote} Risk and money management is important, so not bad luck! It would have been worse if he lost the invested capital. The balance plus withdrawal is still above his initial investment. Despite the drawdown that is profitability. The pressure can only make this worse. Then that would be bad luck
No you are wrong hes balance and withdrael is 1001 dollars he deposited 1079 dollars he got additional adjustment of some over 800 dollars i dont know why he really have lost 800 and some more,but broker resturned a loss ore someting i dont know why....Thats why it looks like he have made money when he in fact didnt...Dont give up OD
You win some you loose some do both with peace of mind
  • #137
  • Sep 27, 2018 3:03am Sep 27, 2018 3:03am
Yes. He is down -69usd. Hopefully he will get back to trading, less the pressure!
  • #138
  • Sep 27, 2018 3:54am Sep 27, 2018 3:54am
Initial adjustment is an inbuilt function of Forexfactory Trading Explorer. When it doesnt receive sufficient data from broker, it uses a custom deposit to counteract that missing part in order to keep the calculation correct. You can reset it by reconnecting your TE. Go to the TE settings & use a custom date under full brokerage history say calculate from 10th September & apply it. Let the TE complete aggregation of data. Once complete again go to settings & use Full brokerage history & apply. You are fine now the Initial adjustment will be gone.

Wish you a speedy recovery.

Regards.

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How big can you think!
  • #139
  • Sep 27, 2018 7:09am Sep 27, 2018 7:09am
Quoting Aar
Initial adjustment is an inbuilt function of Forexfactory Trading Explorer. When it doesnt receive sufficient data from broker, it uses a custom deposit to counteract that missing part in order to keep the calculation correct. You can reset it by reconnecting your TE. Go to the TE settings & use a custom date under full brokerage history say calculate from 10th September & apply it. Let the TE complete aggregation of data. Once complete again go to settings & use Full brokerage history & apply. You are fine now the Initial adjustment will be gone....
Wow your PUBG EA have donr very well over a month now doo you think it gives consistent profit like this now...
You win some you loose some do both with peace of mind
  • #140
  • Sep 27, 2018 9:03am Sep 27, 2018 9:03am
Quoting magne999
{quote} Wow your PUBG EA have donr very well over a month now doo you think it gives consistent profit like this now...
Hello magne thanks. But some 129 trades & 33 days trading result cant be concluded as consistently profitable. Yes i am hopeful & trying my best to bring it to optimum level performance.

Regards.
How big can you think!
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