In trading, you have to be defensive and aggressive at the same time
- #34,223
- Feb 1, 2020 6:41am Feb 1, 2020 6:41am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #34,226
- Feb 1, 2020 12:24pm Feb 1, 2020 12:24pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Trade with confidence, trade without fear.
currently nursing a total 5% DD across AC and AN. Waiting for the Euro news later and holding out for AUD and NZD red releases next week before I re-evaluate. Have a good weekend all
- #34,232
- Feb 1, 2020 11:50pm Feb 1, 2020 11:50pm
I took the losses last week -1863 $ blissfully,without hesitation ,without regret ,without any pain 
,
After cutting losses still remaining almost close to 7% for January 929 $,
Its natural ,this is the part of this business to manage losses as well ,
Like in real life many times unexpected situation arise ,the same way it happen in trading as well ,
Still remaining the whole year and the possibilities and opportunities in market are limitless ,
( And another personal story I m sharing that from January 23 ,2020 my central bank has blocked my card from fx merchant for doing further transaction ,that’s mean I am unable to withdraw my funds in my bank account, ,if I do so then by bank not gonna credited that money in my bank account !.
How horrible it can be right? I know , but I am not taking pain anymore. I know it will take time to find some solution for me to handle that unexpected problem , my countries corrupted policy maker has bring regulation for not to give access tardes in financial market, yes I am calling them corrupted because they steal money of limitless investors from national stock market {
www.dsebd.org
} already many investoer died from heart attack for their scam ,
Here is the data of corruption ranking for my country https://tradingeconomics.com/bangladesh/corruption-rank
But the reality is even worse , I live here so I know the real situation )
Anyways the reason to share this that see how unexpected situation can affect us , but we have be calm and peaceful as much as possible , travelling to India by 5th of February for some weeks ,have appointment with doctor for my health issues and have some advance yoga classes to participate as well , {(That's what I like to see taking CHARGE
System is laid out. Execution! PPE - "Davit")}
Brother “ DAVIT “ has done everything for us to be a better trader and a better human being ,
[{( You have two choices: You can try to eliminate risk by learning about as many market variables as possible. (I call this the black hole of analysis, because it is the path of ultimate frustration.) Or you can
Learn how to redefine your trading activities in such a way that you truly accept the risk, and you are no longer afraid.
When you’ve achieved a state of mind where you truly accept the risk , you wont have the potential to define and interpret market information in painful ways, you also eliminate the tendency to rationalize, hesitate, jump the gun, hope that the market will give you money, or hope that the market will save you from your inability to cut your losses.
The irony is that, when you have the appropriate attitude, when you’ve acquired a “tarder mind-set” and can remain confident un the face of constant uncertainty ,trading will be easy and simple as you probably thought it was when you first started out. –“”TRADING IN THE ZONE BY “MARK DOUGHLAS”” }]
Thank you so much from my heart my Brother,Friend “Davit” for Everything
,
And thank you so much all the senior ,junior and new contributor here ,
Take care ,
,After cutting losses still remaining almost close to 7% for January 929 $,
Its natural ,this is the part of this business to manage losses as well ,
Like in real life many times unexpected situation arise ,the same way it happen in trading as well ,
Still remaining the whole year and the possibilities and opportunities in market are limitless ,
( And another personal story I m sharing that from January 23 ,2020 my central bank has blocked my card from fx merchant for doing further transaction ,that’s mean I am unable to withdraw my funds in my bank account, ,if I do so then by bank not gonna credited that money in my bank account !.
How horrible it can be right? I know , but I am not taking pain anymore. I know it will take time to find some solution for me to handle that unexpected problem , my countries corrupted policy maker has bring regulation for not to give access tardes in financial market, yes I am calling them corrupted because they steal money of limitless investors from national stock market {
www.dsebd.org
} already many investoer died from heart attack for their scam ,
Here is the data of corruption ranking for my country https://tradingeconomics.com/bangladesh/corruption-rank
But the reality is even worse , I live here so I know the real situation )
Anyways the reason to share this that see how unexpected situation can affect us , but we have be calm and peaceful as much as possible , travelling to India by 5th of February for some weeks ,have appointment with doctor for my health issues and have some advance yoga classes to participate as well , {(That's what I like to see taking CHARGE
System is laid out. Execution! PPE - "Davit")}
Brother “ DAVIT “ has done everything for us to be a better trader and a better human being ,
[{( You have two choices: You can try to eliminate risk by learning about as many market variables as possible. (I call this the black hole of analysis, because it is the path of ultimate frustration.) Or you can
Learn how to redefine your trading activities in such a way that you truly accept the risk, and you are no longer afraid.
When you’ve achieved a state of mind where you truly accept the risk , you wont have the potential to define and interpret market information in painful ways, you also eliminate the tendency to rationalize, hesitate, jump the gun, hope that the market will give you money, or hope that the market will save you from your inability to cut your losses.
The irony is that, when you have the appropriate attitude, when you’ve acquired a “tarder mind-set” and can remain confident un the face of constant uncertainty ,trading will be easy and simple as you probably thought it was when you first started out. –“”TRADING IN THE ZONE BY “MARK DOUGHLAS”” }]
Thank you so much from my heart my Brother,Friend “Davit” for Everything
,And thank you so much all the senior ,junior and new contributor here ,
Take care ,
EURUSD is among the rare pairs that I like to trade next week. As you can see on the H1 chart below, it's in selling zone. What's encouraging is R100 (the vertical green line) happens to be very strong resistance on daily chart too; this means it'll be rather difficult for the market to break through our R100.
On the fundamental side, we'll have ISM Manufacturing PMI for USD on Monday 10:00 AM (EST) which is expected to be 48.5 (better than last 2-3 months) or even higher (with regard to Rishmond, Phili, Empire NY and Dallas strong PMIs).
Your thoughts?
On the fundamental side, we'll have ISM Manufacturing PMI for USD on Monday 10:00 AM (EST) which is expected to be 48.5 (better than last 2-3 months) or even higher (with regard to Rishmond, Phili, Empire NY and Dallas strong PMIs).
Your thoughts?
- #34,238
- Edited 3:02am Feb 2, 2020 2:48am | Edited 3:02am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #34,239
- Feb 2, 2020 3:05am Feb 2, 2020 3:05am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time