DislikedWow! Pretty interesting stuff. It's funny, as I was watching the video, I had 2 trades on that went for +50 pips! So I guess the laws of attraction brought me to this forum and my sole focus lately has been positive forex trading. Pretty cool..
Thanks tamkrasIgnored
I know a very positive trader on FF whose trades and mind game I follow with very much interest. I can't help respecting his ardent belief in his own objectives. He went through terrible losses recently while being patronized by "great traders" whose trades we have not even seen. He takes losses with dignity and moves ahead.
You will never know why exactly you failed - it is a myth. The good opportunity might turn against you any time. Your stop-loss can be hit by 1 pip, you can move stop by 100 pips and can still be hit. Your task is to turn statistical quantity of trades into account quality. Again, you can turn back to your bad trade and say "eh-he-he, I knew this was going to happen". Then why do we enter if such troubling thoughts haunt us? Change your attitude, make yourself comfortable with the thought that YOU ARE GOING TO WIN, shoot when no one expects you to win, design your perfect set-up and make it your own secret. Share your thoughts with your journal and no one else (Pips is perfect in doing this and can teach us how to keep our thoughts clear). Do not judge yourself, this is not a court. Always keep an open mind and perfect your system as it should suit your personality and the whole life environment of yours. Alright, you stumbled upon a loss which is shocking, confusing, disheartening, cruel. This is exactly what the market wants you to feel - to belittle and ridicule you - "you are out!" Maybe it is time to be out. We know the market is always right. Do not fight windmills. Take your time, distance yourself from the market and you will see from where the wind is blowing. It's like making a big picture for yourself.
I tend to agree with Pips that demo losses do not teach us properly but demo is the perfect way to start. So, you suffered a loss, blown your first account, second account, enough is enough. You are told to take vacation, that's it. No second guess. What happens next in your psychology is the most important. You will probably start treating each trade as an investment. I mean it, folks. You will need to take it seriously. You are investing into your future. You will realize that you must work hard on each setup and tell yourself multiple times to wait before pulling the trigger. When you finish 6 months successfully you may scale up your positions and open multiple lots. These are my positive thoughts, or gibberish for whoever prefers.
Good luck.