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  • #1,187,821
  • Nov 17, 2020 12:10pm Nov 17, 2020 12:10pm
Quoting MrBullBear
{quote} Why, you can't do that?
Conspiracy theory, they just took my 12 pip SL n there's the trend continues upward, How do u deal with that?
I'm enjoying the wins because I was once terrified by loses
  • #1,187,822
  • Nov 17, 2020 12:13pm Nov 17, 2020 12:13pm
Quoting Erto
{quote} Conspiracy theory, they just took my 12 pip SL n there's the trend continues upward, How do u deal with that?
Solution is simple... sharpen your entries.
Only an idiot knows with certainty to where the market is going.
  • #1,187,823
  • Nov 17, 2020 12:21pm Nov 17, 2020 12:21pm
Quoting Erto
{quote} Conspiracy theory, they just took my 12 pip SL n there's the trend continues upward, How do u deal with that?
A 12 pip stop loss is almost guaranteed to get hit.
Learn from your mistakes and march on.
  • #1,187,824
  • Nov 17, 2020 12:36pm Nov 17, 2020 12:36pm
Quoting MrBullBear
{quote} Solution is simple... sharpen your entries.
Ok that makes sense
I'm enjoying the wins because I was once terrified by loses
  • #1,187,825
  • Nov 17, 2020 12:38pm Nov 17, 2020 12:38pm
Quoting here2there
{quote} A 12 pip stop loss is almost guaranteed to get hit.
It depends on ur style, if u are a scalper or swing trader
I'm enjoying the wins because I was once terrified by loses
  • #1,187,826
  • Nov 17, 2020 1:03pm Nov 17, 2020 1:03pm
Quoting here2there
{quote} A 12 pip stop loss is almost guaranteed to get hit.
You are correct, it is guaranteed to get hit..... if you are on the wrong side.

But what if you are on the right side... is the word "guaranteed" valid still?
Only an idiot knows with certainty to where the market is going.
  • #1,187,827
  • Nov 17, 2020 1:06pm Nov 17, 2020 1:06pm
Quoting Erto
{quote} It depends on ur style, if u are a scalper or swing trader
Unless you are an expert at trading and have excellent money management skills, scalping is generally not recommended. In other words, few traders have what it takes to be consistently profitable scalpers. I am not one of them.
Learn from your mistakes and march on.
  • #1,187,828
  • Nov 17, 2020 1:07pm Nov 17, 2020 1:07pm
Quoting MrBullBear
{quote} You are correct, it is guaranteed to get hit..... if you are on the wrong side. But what if you are on the right side... is the word "guaranteed" valid still?
Well, that is why I said almost guaranteed.
Learn from your mistakes and march on.
  • #1,187,829
  • Nov 17, 2020 1:22pm Nov 17, 2020 1:22pm
Quoting here2there
{quote} Well, that is why I said almost guaranteed.
Of all the traders here in this thread, you should know me by now you being a regular here. You know how I trade, you should get the idea and you should know you can be a scalper and a day trader too.. The problem with what I see from most traders is, the mentality. They have this mindset of, if they can't do it, nobody does or just simply stop not trying to learn how to do it because it is hard or impossible. You've watched how I trade, you should get the idea.. unless you disregard because in your mind, it's impossible and contradicts your belief and understanding. Well, you know that kind of mentality won't improve your learning and skills right? And how many times I mentioned here the philosophy "minimize you losses when you are wrong, maximize your profit when you are right". And by the way, isn't that, the 12pip SL part of "great" money management you mentioned above? Cheers!
Only an idiot knows with certainty to where the market is going.
  • #1,187,830
  • Nov 17, 2020 1:42pm Nov 17, 2020 1:42pm
Quoting MrBullBear
{quote} Of all the traders here in this thread, you should know me by now you being a regular here. You know how I trade, you should get the idea and you should know you can be a scalper and a day trader too.. The problem with what I see from most traders is, the mentality. They have this mindset of, if they can't do it, nobody does or just simply stop not trying to learn how to do it because it is hard or impossible. You've watched how I trade, you should get the idea.. unless you disregard because in your mind, it's impossible and contradicts...
I have been focusing more on crpyto lately. The returns are far better. But I don't day trade. As for the Forex market, it is an utter mess as a result of all the stuff going on with COVID-19.
Learn from your mistakes and march on.
  • #1,187,831
  • Nov 17, 2020 2:02pm Nov 17, 2020 2:02pm
Quoting here2there
{quote} I have been focusing more on crpyto lately. The returns are far better. But I don't day trade. As for the Forex market, it is an utter mess as a result of all the stuff going on with COVID-19.
Covid is given and affects all currencies. With or without covid, market moves the same erratic way.. volatility still remains, it goes up and it goes down... trade it! Take advantage of what you know. Crypto, metals or currency doesn't matter. Anything that moves, we can trade. It's about managing your trade.
Only an idiot knows with certainty to where the market is going.
  • #1,187,832
  • Nov 17, 2020 2:53pm Nov 17, 2020 2:53pm
Quoting MrBullBear
{quote} Covid is given and affects all currencies. With or without covid, market moves the same erratic way.. volatility still remains, it goes up and it goes down... trade it! Take advantage of what you know. Crypto, metals or currency doesn't matter. Anything that moves, we can trade. It's about managing your trade.
Also people seem to forget, bitcoins, crypto they are all controlled by the government. They are there so the government can track every single transaction. People think, you can't track bitcoins and crypto transactions. They are wrong, that is why they are there. Everything is monitored and controlled, you can't avoid anything.
  • #1,187,833
  • Nov 17, 2020 3:50pm Nov 17, 2020 3:50pm
Just incase you forgot how I trade, here it is... I bought. If am wrong, I get out quick. If am right, I will protect it with SL and will add more and trail... until TSL gets hit or I sense major pullback and decided to close and flip.
Attached Image (click to enlarge)
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Only an idiot knows with certainty to where the market is going.
  • #1,187,834
  • Nov 17, 2020 5:00pm Nov 17, 2020 5:00pm
Quoting Konichiwhaat
it's banging it's head... time for some selling
SL moved to BE. TP set at 17866
Emotional Control. Process, not outcome.
  • #1,187,835
  • Nov 17, 2020 8:09pm Nov 17, 2020 8:09pm
Quoting Techanalyst
{quote} Also people seem to forget, bitcoins, crypto they are all controlled by the government. They are there so the government can track every single transaction. People think, you can't track bitcoins and crypto transactions. They are wrong, that is why they are there. Everything is monitored and controlled, you can't avoid anything.
I am not concerned about that. My interest is to make money, and so far, crypto trading has proven to be more profitable than the Forex market (my opinion). I feel like the Forex market is like kicking a can down the street, while the crypto market is explosive and full of life. There is a reason why interest continues to grow in it year after year.
Learn from your mistakes and march on.
  • #1,187,836
  • Nov 17, 2020 8:22pm Nov 17, 2020 8:22pm
Quoting here2there
{quote} I am not concerned about that. My interest is to make money, and so far, crypto trading has proven to be more profitable than the Forex market (my opinion). I feel like the Forex market is like kicking a can down the street, while the crypto market is explosive and full of life. There is a reason why interest continues to grow in it year after year.
All that matters is you're making profit, regardless if it is crypto, gold, forex, stock, etc. Making money is the reason we trade, glad to hear you are doing well in it.

Alright, worn out from being outside all day, going to bed. Y'all take care!
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,187,837
  • Nov 17, 2020 9:12pm Nov 17, 2020 9:12pm
Quoting Konichiwhaat
{quote} SL moved to BE. TP set at 17866
Out. But safe. Maybe il take another look at London open... Maybe il go to the pub
Emotional Control. Process, not outcome.
  • #1,187,838
  • Nov 17, 2020 9:23pm Nov 17, 2020 9:23pm
Quoting MrBullBear
Just incase you forgot how I trade, here it is... I bought. If am wrong, I get out quick. If am right, I will protect it with SL and will add more and trail... until TSL gets hit or I sense major pullback and decided to close and flip. {image}
A pip away to hit my sl, am still live and I added when down below. I will add again after a pullback.
Attached Image (click to enlarge)
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Only an idiot knows with certainty to where the market is going.
  • #1,187,839
  • Nov 17, 2020 9:39pm Nov 17, 2020 9:39pm
Quoting MrBullBear
{quote} A pip away to hit my sl, am still live and I added when down below. I will add again after a pullback.
Inserted Video
I will tear the world apart for you.
  • #1,187,840
  • Nov 17, 2020 9:40pm Nov 17, 2020 9:40pm
Quoting MrBullBear
{quote} Covid is given and affects all currencies. With or without covid, market moves the same erratic way.. volatility still remains, it goes up and it goes down... trade it! Take advantage of what you know. Crypto, metals or currency doesn't matter. Anything that moves, we can trade. It's about managing your trade.
Best post of the day, new traders please take note
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