Trading 101

Hi vasal

It is a 3 moving average Dashboard, I use 10, 20, 50 ema. some time I use 8,21,34 ema too.

Thanks for respond! As a thank you I will offer you another, based on RSI. Its good because u can set middle levels for range conditions.

What On/Off buttons do?

Ok i will check it.

Final trade of the day is running.
I will not manage this trade. I will keep this trade as it is.

4 Stages of Loss in Forex Trading (babypips.com)

Though losing trades is a normal part of the trading process, it is something that many traders –both newbies and pros– have difficulties with.
I believe that the main reason behind the difficulty in coping with losses lies with the lack of understanding of its nature and its impact on trading psychology rather than actual psychological problems.
Today, I’d like to talk about the 4 stages of loss in forex, namely, denial, rationalizing, depression, and acceptance.
Do the terms sound familiar? They should because they’re similar to the 4 stages of grief! Do note, however, that they are applied differently in forex.

Stage 1: Denial
The first stage of loss enables you to deal with the losing trade.
In this phase, you deny to yourself and to others that your trading idea was wrong and that the loss wasn’t your fault.
Reasons like “I was stop hunted” and “I didn’t really care for that trade” are normally used. There’s nothing wrong with feeling this way, especially if you’re new. It’s a way to ease the blow to your ego, survive the loss, and move on.

Stage 2: Rationalization
After denial, you move on to rationalizing your trade setup. This is the point where you point out everything that’s right about your trade idea and do not even think about what you did wrong.
You cite the appropriateness of your trading plan, profit target, stop loss, and entry point but totally disregard that you actually did lose the trade and made a mistake somewhere.

Stage 3: Depression
At this point, you’ve already looked at all the possible external reasons for your loss. You then turn inward and consider the idea that the loss was completely caused by your own doing.
Although it’s reasonable to take responsibility for your loss, blaming yourself too much can be damaging to your forex career if you consistently doubt yourself.
You might ask yourself questions like “Is forex trading really for me?” and “Why go on at all?” You could even wind up withdrawing yourself from the business altogether if you can’t find enough reasons to keep pushing forward.
Those who have experienced this kind of self-doubt can attest that the longer the losing streak is, the more intense the feeling of depression. Some even talk about pursuing other opportunities and giving up on forex trading altogether!

Stage 4: Acceptance
In this stage, you begin to realize that it’s unhealthy to blame yourself for everything that went wrong.
Even though you’ve accepted that the loss was partly your fault, you are also mindful of the fact that the forex market is a wild untamed beast and that there are plenty of market factors beyond your control.
Let me clarify though that acceptance isn’t simply about feeling okay about the loss. In truth, acceptance is more like aligning yourself with reality and realizing that the loss cannot be undone.
When you reach this stage, you accept that you have made some mistakes on your part but that there are also things you are unable to control.
At the end of the day, it’s important to remind yourself that you can never truly reverse what has been lost but that you can make up for it.
One obvious way to do this is to have a winning trade and recover financially, but you can work on rebounding mentally as well.
You can come up with improvements for your trading strategy, exercise better risk management, or just figure out how to handle your losses better.
Instead of simply denying the loss, you have to move on, adapt, and grow.

Is more information always better? Some traders, when they are considering a trade, will use multiple indicators and analytical tools, solicit opinions from other traders, and even consider elements such as fundamentals that do not really have a bearing on their time frame. This approach can lead to “paralysis by analysis” as so many factors are considered, with so many conflicting points of view, that the trader simply does not know what to do. The justification offered for this approach is that an officer on a battlefield would want every possible piece of information, wouldn’t he? Perhaps not. It might be better for the decision maker to have processed intelligence from verified and trusted sources that has already been filtered from the massive flow of raw information. In trading, the equivalent is to focus on a few simple tools that are completely understood—depth of information, rather than breadth. It is critical that traders understand the subtleties of every tool they use. They should know how they react in every possible market environment, and furthermore, must understand the complex interactions between multiple tools. This may lead to an approach that disregards a lot of information that many traders assume to be useful, but, for instance, why would you use indicators that do not add to your analysis? Why would you listen to news that is old news and is already fully priced into the market? Why would you try to guess how complex fundamental factors might influence the price if you do not have the skills to fully understand those fundamentals? Why would you solicit opinions from traders who may trade with completely different styles and may be less competent and knowledgeable than you are? Traders do all of these things, but most of them do not make sense. Limit your scope to tools that truly add value.

Trading is all about emotions management. If you can manage your emotions and trade the best possible way you will get there. Your losing trade because of reason don't try to get your money back too quickly.
I can see slow market now. waiting for next down move.

I thought I will not open any trade today. Got a setup, got my 1 to 2.2RR.

Today is Bank Holiday, I am not expecting much.

started the week with a big profit in US30.

Just 2 day trading results,
NO gambling,
NO over trading,
NO holding loss months and months.
Just single entry with stop and exit multiple time.

If you understand PA, risk management, You don't need Pivot.

Davit

I think you have lot of issues, Lets discuss your issues here,
Respect BigE. I don't want to create any fight in BigE thread anymore. I stop ignoring you so if you want you can post here.
I think we can solve our issues here.

Please discuss one topic at a time. NO more Bad language please, you have lot of followers they respect you, I can understand it.

since I don't develop lot of followers like you by posting every month profit, But I know few good people they read my post. I respect them too. So if you don't use bad language I will not post any bad language.

Last day of the month this week total close trade return.

Davit this picture is for you, You told I can't trade that is why I show my performance.

one trade is running in us30. Stop is in BE so no open DD like you Davit.

Don't hide behind your followers, come Lets discuss your issues.

Davit Second day of the week is end. I know you read my post and you like to insult people that they can't trade only you can trade.

Look how I stop out, Now you got new topic, come Tomorrow and attack me, That is what your good at.

BTW, Davit follows love to see my trading performance, I share my 2 day end trading results.
Davit teach them, I can't trade and his followers Believe it.

He puts you on ignore, and then attacks you in his thread where you can't defend yourself. He did the same to me. The guy has issues. Don't bother with him. It's not worth the trouble.

we don't need to trade NFP, Some people wait for NFP and trade NFP.
IMO Best way to Make profit from NFP trading is stop trading NFP day.

Todays return only, Took risk in GJ, Got good return.

Before NFP, Market is slow. Took few small trade. here is 2 trade. Today's gain Only GU Traded