Disliked{quote} A lovely drop and you struck well to catch it. I missed this trade which went on some 450+Ignored
Everything should be made as simple as possible, but no simpler - Einstein
{quote} Thanks for replying, maybe this is all related to the fact it's a demo account, maybe on a live one the point value would have my 100 point bricks produce 100$ each (wishful thinking
Everything should be made as simple as possible, but no simpler - Einstein
- #2,363
- May 12, 2025 6:23am May 12, 2025 6:23am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
Managed to snag this one before the weekend, picked up a few profits along the way
Hope it continues down, obviously
Hope it continues down, obviously
- #2,364
- May 14, 2025 6:46am May 14, 2025 6:46am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
My beautiful position, which reached more than $30, had flipped on me, which I kinda expected (interesting levels and such like and well, I'm still trying to process the idea of me actually gaining profits and not simply trading all over the place and criticizing myself for not being disciplined, bad at trading and all the "regular" things all of us inside my head are telling me)
I was very proud of me not changing my SL, I was grumpy and accepted the fact that I might close this position at a lost and it might still happen
How do you guys deal with these kind of situations? I read a lot about the psychological aspect of dealing with it but it's different for everyone and, well, I might learn and better myself which is not always easy or fun but always appreciated and welcomed
I was very proud of me not changing my SL, I was grumpy and accepted the fact that I might close this position at a lost and it might still happen
How do you guys deal with these kind of situations? I read a lot about the psychological aspect of dealing with it but it's different for everyone and, well, I might learn and better myself which is not always easy or fun but always appreciated and welcomed
- #2,367
- May 18, 2025 6:50am May 18, 2025 6:50am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
{quote} Hi Reamasesa, you've been busy whilst I have been idle! I've been away from it , catch up today. You are right - psychology is everything! It took me a long time to really grasp the psychology of trading and controlling emotions. Its like meditation, or mindfulness exercises. It is possible to understand the principles, but it takes a lot of practice to execute, years of practice I think to become a black belt - I'm not there yet but I keep working on it! So don't beat yourself up - roll with it, accept defeat and embrace the wins.
I think it has something to do with the fact that I haven't settled in comfortably with my trading style even though I've been trading both live and demo for a few years now
I think, in part, it's the fact that I take everything in life personally as if people littering, committing traffic violations and generally being people is done specifically against me (I admit I expect too much out of people, most of the time) it's like being an exposed nerve travelling through this life
Sometimes it's great, other times it's bad and when trades go against my anticipation, even though I know, I know they might or could, I still take it hard or detach myself from it and walk away, most often blowing my small account(s)
It's better these days, with everything going on around here, I had to shield myself and learn to take things somewhat in perspective, it's better but not great but I'm aiming for it
Much like everything else in (my) life, hard work is what gets you there, I didn't learn to grow mushrooms in a day and even now sometimes nothing grows, same with trades, although they take far less time to mature
Thanks again for replying, sometimes getting an advice you already know makes you take a second to focus again on what's important
- #2,369
- May 20, 2025 5:41am May 20, 2025 5:41am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
This one has ended
Already picked up some profit on a new position
And two positions are still running on NZDUSD and USDCHF
Already picked up some profit on a new position
And two positions are still running on NZDUSD and USDCHF
- #2,370
- Edited 5:28am May 22, 2025 4:22am | Edited 5:28am
Dax Short, going ok but expecting resistance at 239 so might close early
Update, just moved SL to BE so its a 'free' trade now. Its had a few pushes into 239 so I'd like to hope 238 will be possible.
Update2: it bounced/retraced and hit the SL so made a little but not a lot
Update, just moved SL to BE so its a 'free' trade now. Its had a few pushes into 239 so I'd like to hope 238 will be possible.
Update2: it bounced/retraced and hit the SL so made a little but not a lot
- #2,372
- May 22, 2025 7:13am May 22, 2025 7:13am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
{quote} Just have a plan and stick to it, if your plan historically is good then trust it. My Plan is simple, my rules even simpler, I miss big swings and I also get hit on retraces but overall I believe my plan will win more than it loses so you just stick with it. Hardest thing is to apply logic, i.e in backtest you don't know or see big news events, like NFP on Fridays etc, you just trade to the chart but in realtime you have ages to think about it and be 'sensible' and avoid the news whereas in actually fact you are doing something different...
It's still not working well, as you can imagine
but I acknowledge it is a work in progressthanks again, applied for a live demo, we'll see how things go
- #2,375
- May 23, 2025 5:52am May 23, 2025 5:52am
{quote} It didn't but I got a small win. If I had left the setup alone (contradicting what I said to Ream) I would have got a decent amount but good to learn without a loss. I am currently short again at 24049 on a demo today. Demo becuase I messed about with yesterdays setup so if this one lost I would have kicked myself and had a bad weekend + school half term next week so limited trade management time. My TP is 23950.
Any hoo, have a good one next week.
Everything should be made as simple as possible, but no simpler - Einstein
- #2,377
- May 29, 2025 7:10am May 29, 2025 7:10am
- Joined Jan 2015 | Status: Trader | 1,005 Posts
When you guess the wrong high
- #2,380
- Edited 5:50am Jun 2, 2025 5:35am | Edited 5:50am
{quote} Nice entry David, I am currently down/loss on the small rise before the dip which I went long on then did not enter the short. Currently in another long which is struggling :-/
I think it will break away (long) from the 050 zone and break through resistance around the upper 23900 zone, but it has gone very slow, possibly wait for US open and more chaos...
Everything should be made as simple as possible, but no simpler - Einstein