Real Trading | Page 270 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Alpari demo account, is it in real real time? 26 replies

Real traders hedge and martingale - Be a real trader 0 replies

Real traders, real money 80 replies

difference in real prices on Demo and real micro account 10 replies

Real trades in real time 23 replies

Attachments: Real Trading
Exit Attachments

Real Trading

  • #5,381
  • Dec 15, 2021 4:39am Dec 15, 2021 4:39am
Quoting djahidait
{quote} Doesn't make sense
In what respect does it not make sense? Please clarify what you mean.
Did you place your stop loss order? Why not?!? Story of my life...
  • #5,382
  • Dec 15, 2021 4:45am Dec 15, 2021 4:45am
GBp short placed, 25 stop 25 tp,
will consider to add even more if it goes up to half of my sl,
Will see,
Attached Image
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #5,383
  • Dec 15, 2021 4:50am Dec 15, 2021 4:50am
Quoting Pat Chiko
{quote} GU Trying to figure out how to gt out of this mess. On the first place ,how do I get into this mess ?.... Hope can get out with minimum damage. {image} P/s Structure remains intact on recent moves.

GU

This is where I am now.
Need to be carefull on Trade Managment


What would you do with this situation

GREED - let it run till TP ?
FEAR - Closed all and take tiny profit ?.

Or

Closed the profit trades and let the loss recover.

Want to hear your opinion on Trade Management.

Sharing is caring.

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: gu 174.jpg Size: 198 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gu 173.jpg Size: 110 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,384
  • Dec 15, 2021 4:51am Dec 15, 2021 4:51am
Out of the shorts. Quick long scalp with a tight stop at the touch of the red equilibrium hoping for a bounce - perhaps lasting for another hour or so till NYO. Risky.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5 quick long.png Size: 70 KB
Did you place your stop loss order? Why not?!? Story of my life...
  • #5,385
  • Dec 15, 2021 4:56am Dec 15, 2021 4:56am
Quoting Pat Chiko
{quote} GU This is where I am now. Need to be carefull on Trade Managment What would you do with this situation GREED - let it run till TP ? FEAR - Closed all and take tiny profit ?. Or Closed the profit trades and let the loss recover. Want to hear your opinion on Trade Management. Sharing is caring. Thanks {image} {image}
I wouldn't say that taking a small profit is fearful ... me personally closed for small profit and start again or close shorts that are in profit but remember the decision is yours and yours alone
  • #5,386
  • Dec 15, 2021 5:03am Dec 15, 2021 5:03am
Quoting Waveskierrob
{quote} I wouldn't say that taking a small profit is fearful ... me personally closed for small profit and start again or close shorts that are in profit but remember the decision is yours and yours alone
I quite agree here. As the old saying goes – no one has gone bust taking profits. I really hate it when I hold on to a decent profit and then it either goes to BE or to a small loss and I start kicking meself and feel like a f++king complete idiot.
Did you place your stop loss order? Why not?!? Story of my life...
  • #5,387
  • Dec 15, 2021 5:06am Dec 15, 2021 5:06am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD....15M15.png Size: 26 KB
Fools Rushing
  • #5,388
  • Dec 15, 2021 5:08am Dec 15, 2021 5:08am
Quoting Waveskierrob
{quote} I wouldn't say that taking a small profit is fearful ... me personally closed for small profit and start again or close shorts that are in profit but remember the decision is yours and yours alone
Thanks Waveskierrob,

Getting out with this sticky siutation with tiny profit or loss is better than to carry on. Just want to start fresh, as I will not attached to those trades psychologically anymore.

Need to re-focus to new set up. Getting out with tiny profit/loss, is better than getting out with massive loss on uncertainty of price movement.

RESET

Fight another battle.


P/S Trading is a solitary business, with few peer get- together except by phone.


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,389
  • Dec 15, 2021 5:10am Dec 15, 2021 5:10am
Quoting coyoteuglyxxx
{quote} I quite agree here. As the old saying goes – no one has gone bust taking profits. I really hate it when I hold on to a decent profit and then it either goes to BE or to a small loss and I start kicking meself and feel like a f++king complete idiot.

You're taking about me ............lol

It was me 15 years ago. You put it in correct prespective.

Thanks for reminding me how I used to be, Coyote.......

P/S Are you mind reader ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,390
  • Dec 15, 2021 5:11am Dec 15, 2021 5:11am
Quoting Pat Chiko
{quote} GU This is where I am now. Need to be carefull on Trade Managment What would you do with this situation GREED - let it run till TP ? FEAR - Closed all and take tiny profit ?. Or Closed the profit trades and let the loss recover. Want to hear your opinion on Trade Management. Sharing is caring. Thanks {image} {image}
i dont know your MM system so i cant speak for u.

i would take 5, 10 or 20 max (very seldom) and run.

at the end of the day above +40 i am happy and most of the time turn off the computer.
trading is like dancing, don't think and just listen to the music!
  • #5,391
  • Dec 15, 2021 5:11am Dec 15, 2021 5:11am
Quoting Pat Chiko
{quote} GU This is where I am now. Need to be carefull on Trade Managment What would you do with this situation GREED - let it run till TP ? FEAR - Closed all and take tiny profit ?. Or Closed the profit trades and let the loss recover. Want to hear your opinion on Trade Management. Sharing is caring. Thanks {image} {image}
Once a trade runs away from me in a way I don't like I take the next available net profit and run.
  • #5,392
  • Dec 15, 2021 5:13am Dec 15, 2021 5:13am
Quoting Pat Chiko
{quote} GU This is where I am now. Need to be carefull on Trade Managment What would you do with this situation GREED - let it run till TP ? FEAR - Closed all and take tiny profit ?. Or Closed the profit trades and let the loss recover. Want to hear your opinion on Trade Management. Sharing is caring. Thanks {image} {image}
Guess depends on your risk parameters and loaded account margin if this is normal MO to have positions on wide range then follow the plan. If you see a grounds for reversal back up - R becoming S, reduce size, take some positives out and some negative. Or go out and check in few candles for more cleared entry.
  • #5,393
  • Dec 15, 2021 5:15am Dec 15, 2021 5:15am
Quoting Pat Chiko
{quote} Thanks Waveskierrob, Getting out with this sticky siutation with tiny profit or loss is better than to carry on. Just want to start fresh, as I will not attached to those trades psychologically anymore. Need to re-focus to new set up. Getting out with tiny profit/loss, is better than getting out with massive loss on uncertainty of price movement. RESET Fight another battle. P/S Trading is a solitary business, with few peer get- together except by phone. PAT
That’s a great approach from a seasoned trader Pat, no doubt that the strong psychology factor is a must. Taking trades with absolutely no expectations to the outcome of the trade is another way of handling such sticky situations. Pull the trigger, trade, move on. Rinse and repeat 20 times a day….
Did you place your stop loss order? Why not?!? Story of my life...
  • #5,394
  • Dec 15, 2021 5:16am Dec 15, 2021 5:16am
Quoting Pat Chiko
{quote} Thanks Waveskierrob, Getting out with this sticky siutation with tiny profit or loss is better than to carry on. Just want to start fresh, as I will not attached to those trades psychologically anymore. Need to re-focus to new set up. Getting out with tiny profit/loss, is better than getting out with massive loss on uncertainty of price movement. RESET Fight another battle. P/S Trading is a solitary business, with few peer get- together except by phone. PAT
"as I will not attached to those trades psychologically anymore."

there will always be the "what if's" take the profit pat yourself on the back and restart simple as... (pat pun not intended)
  • #5,395
  • Dec 15, 2021 5:16am Dec 15, 2021 5:16am
Quoting ZenNy
au short 0.7098 sl 0.7140
Closed -28 pips
trading is simple but is simple is not easy.
  • #5,396
  • Dec 15, 2021 5:18am Dec 15, 2021 5:18am
Quoting SkullCandy
GBp short placed, 25 stop 25 tp, will consider to add even more if it goes up to half of my sl, Will see, {image}
Added one more short, atm 2 shorts running.
Looking forward how it will run, still got 1 spare trade to add on,
Second short 30 sl 32 tp
Attached Image
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
  • #5,397
  • Dec 15, 2021 5:18am Dec 15, 2021 5:18am
Quoting Gambis
{quote} Guess depends on your risk parameters and loaded account margin if this is normal MO to have positions on wide range then follow the plan. If you see a grounds for reversal back up - R becoming S, reduce size, take some positives out and some negative. Or go out and check in few candles for more cleared entry.
Thanks Gambis,

you're spot on for your comments.

We always think top 1% traders who can really beat this game and how they managed to do it ?.

For me it's not about beating the game....
It's about beating yourself in the first place....
It's about being conservative & risk oriented...
It's about thinking about how much can I lose on this specific trade before I think about how much can I potentially win on this trade...
It's about beating fear & greed inside yourself...
It's about adjusting your leverage according to the probability of success of every trade...
It's about when to close a trade,
and it's about when to take a vacation & stop trading for a while... Christmas is near.

When you guy are going off for a good holiday break ?.

Finally, as you can see, it's about yourself in the first place....

You will find yourself involved in almost every single action in the market, so if you can't handle yourself, no matter how good your entries or exits are, you won't be able to consistently make profits....


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5,398
  • Dec 15, 2021 5:23am Dec 15, 2021 5:23am
Quoting Inthebox
gu short {image}
gu short half profit, half small loss (don't know why mt5 showing this way).
short again.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-12-15.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #5,399
  • Dec 15, 2021 5:27am Dec 15, 2021 5:27am
Quoting Pat Chiko
{quote} Thanks Gambis, you're spot on for your comments. We always think top 1% traders who can really beat this game and how they managed to do it ?. For me it's not about beating the game.... It's about beating yourself in the first place.... It's about being conservative & risk oriented... It's about thinking about how much can I lose on this specific trade before I think about how much can I potentially win on this trade... It's about beating fear & greed inside yourself... It's about adjusting your leverage according to the probability of success...
Exactly I trade with myself and my decisions/positions the market is just a tool, a means of getting what I want, I treat it like a conveyor belt jumping on and off when I ever I want/in profit
  • #5,400
  • Dec 15, 2021 5:27am Dec 15, 2021 5:27am
Quoting Pat Chiko
{quote} Thanks Gambis, you're spot on for your comments. We always think top 1% traders who can really beat this game and how they managed to do it ?. For me it's not about beating the game.... It's about beating yourself in the first place.... It's about being conservative & risk oriented... It's about thinking about how much can I lose on this specific trade before I think about how much can I potentially win on this trade... It's about beating fear & greed inside yourself... It's about adjusting your leverage according to the probability of success...
Next Wednesday ill go for holiday brake till 2022 will come,
After will only observe , but will not take trades anymore.
Still need to transform into Santa, and find what to buy for xmas for my close ppl lol
Consistency will bring everything...Be good.
100% Is The Target v.1 All Time Return: -95.4%
4 traders viewing now