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Quoting eohater

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Good job!

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Quoting G33maroon

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Jack,

i remember reading in your past post that you suffered a blow up and told others about your experience during the news hour and currently have shown a lot of willingness to learn. I admire your spirit. keep it up. a few words of wisdom, not mine, but from people before me and those better than me, its the person behind it that make it happens. its not about the method you use. learn about yourself.

this are among a few of questions that you may want to answer honestly...have ever felt twice or triple the pain of losing $10 or $100 compared to losing a chance of getting $20 or $200 or 20000? when you have a winning streak you are over confident but when you lose 4 to 5 times in a row then you felt the method you use are wrong and useless and forgetting that previously the similar method has earned you a lot of money? do you think it will give you a pot of gold when there is a bunch of people says that doing this will land you a pot of gold? dont you feel that at some point in time, you should start believing in yourself and stop listening to others? have you ever linger to you loses and you dont want to let go despite of your inner sense telling you that this is wrong and i need to get out and because i saw another great setup which will make me money? or when in good times you feel that this could last forever? have you ever experienced that you are closing your mind that this should not go far because previously it was something like this, so this so be the limit and forget about the potential of it becoming worst or better? have you ever considered apart from the stoploss being hit, you yourself are your biggest risk to your trade?do you sometimes instead of blaming your weakness, you blame it to the market, the method or even your broker? do know when you are about to trigger your trade or looking at your chart or trade balance or open position, do you know what is your tendency and bias and how many do you have? again the list of questions can go on for a mile or two. its the most easiest thing to do is to tell someone to buy when it goes here and sell when it goes there. but i have experienced this and think that learning a method can be an overnight matter but overcome the psychological tenderness and bias will take sometime.

try to make some investment (not necessary money but time) to enhance the knowledge and skill. paper trade or demo a lot (many had said it before like an athlete, it takes a lot of practice to win a medal) is a nice beginning to build discipline and help to make us remember the setup like the back of our hand. another thing is take it slow. it does not matter how much you get today but what matters is how sustainable you are. "size does matter" because your portion of risk increase with the size.

enough saying, again i would like to say that i admire your spirit, and because of that i tried to convey this to you. hope you could appreciate what i am want to tell you. so keep up the good spirit . remember human psychological or cognitive issue makes a lot of different. dont take lightly.

best wishes,

G33maroon

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Quoting Malaysia

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One more thing:

Making the ENTRY is important... master the skill and you'll harvest the optimum R&R Ratio... meaning risking a bit for big profit.

However, the most important thing is the EXIT. You can ENTER anywhere in the market... in the END your EXIT will determine either you lose a little or lose big... profit a little or profit big. This is when EQ is very important where SCARE, Chicken out, GREEDINESS, DISCIPLINE, GUTS, CONFIDENCE, ABIDE the rules or BEND the rules, mixed up altogether. This is when EXPERIENCES and LEARN FROM MISTAKES will influence the judgement. No one can teach this... only you and yourself.

When is enough? A little bit more?

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Quoting johnbaem

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Attachment

Actually, i was looking for opp to buy when theres retracement but i didnt manage to catch the fast train today.. and when the price surge up i know they will touch my blue channel around R3 level and here a lil bit opp to short so i place PO at 2.0150 and leave my pc..

After 10minutes im back, huargh!! im on 60pips profit and move my post to secure 50pips profit and a few mins back hit my SL that im adjusting earlier.. Thats the fastest 50pips i did in my career so far...

ameeen...

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Quoting nAVIN2007

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Malaysia...

good to see your doing fantastic trades..welldone!
i looked at this thread yesterday for the first time and id like to say i think forex factory should give u medal .i learned a lot from observing in here and plan to do more..

i just wanna ask u ....when u first started trading, did u always go with 0.1 lot or u traded big lot sizes to make money..

Im bit fustrated trading 0.1 lot size getting 90% win rate but to scared to try bigger lot size as the loss could be huge.....my account only 2k brother.

did u feel this way b4 when first starting out or just adapt and if so how did u overcome this? also with a 2k account what do u think is the max lot size i should not exceed ...

thx bro ...keep up the great work!!!!!!

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Quoting Malaysia

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Thank you for the compliment

When I was new to Forex... I traded mini/micro lot. Now mostly Standard lot. When I am confidence meaning technical and fundamental very strong agreeing each other... I place bigger lots. When my technical and fundamental analysis contradicting or I am a little bit confuse or not really confidence... I risk small lots. When I am FULL OF DOUBT... I stay out.

I can't afford to place small mini/micro lots anymore. I am FULL TIME trader already now.

You are talking about Money Management. A very SUBJECTIVE topic. Find the OPTIMUM one that works best for you and your style. Create it yourself and don't follow others blindly. As for me I risk more when I am confidence... and risk less when I am not so confidence. The general rule... you want more... you got to risk more. More Reward comes with bigger risk. No easy way. That's the way it is.

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Quoting Malaysia

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Got back a few hours ago... I saw no good entry... just stay out for a while.

But now I see that Psychological Resistance 2.0000 >>> RBS >>> now become SBR. Plus... A lower High and a lower Low. This could be another lower High for a Lower Low. I took that SHORT.

T.A.Y.O.R.

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Quoting Malaysia

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Wow... that was easy... good timing. I dropped straight away after i made my SHORT >>> SELL FROM BOUNCE. Not so confidence though because that RED line seems to be the immediate SUPPORT.

Anyway... Placed SL to 1 pip on the green. Stick with the discipline. Nothing to worry... Risk been lifted and I can dance

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Quoting nAVIN2007

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thx man ...
i guess that mean i need to say small at least till i can enter with small stops ...right now thou win ratio is good but drawdown is huge...im still to emotional which i see when i try go big, thats when it falls apart.....but cant complain definately getting better

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Quoting Malaysia

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Good performance Keep it up. Don't change anything... just IMPROVISING areas you think you still need to work on.

Think about this? Placing a small lot with huge SL can be just the same as placing a BIG lot with small SL... am I right?

As for me... always changing my SL to the GREEN side when the floating profit seems good. Never let the GREEN turn to RED. Hence, making the right Entry is vital. However, the most important thing is the EXIT as I explained earlier. Even I am not quite good at it yet. Always have trouble with ENOUGH??? not yet... a little bit more. Then when it hit a little bit more... ENOUGH??? not yet... a little bit more. Keep going on until suddenly the whole thing turn the other way round ... and REGRET. This is GREED... as long as we are human being... It'll always be there. Like anger and fear... can't totally wipe it out from our feeling... but a good discipline can control it. That FEELING and EMOTION is not a bad thing... it's there for our own good. Just got to know how to control it... to harvest the true potential of it. This is when EXPERIENCES and LEARN FROM MISTAKES do their role.

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Quoting Malaysia

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Thank you for the compliment

When I was new to Forex... I traded mini/micro lot. Now mostly Standard lot. When I am confidence meaning technical and fundamental very strong agreeing each other... I place bigger lots. When my technical and fundamental analysis contradicting or I am a little bit confuse or not really confidence... I risk small lots. When I am FULL OF DOUBT... I stay out.

I can't afford to place small mini/micro lots anymore. I am FULL TIME trader already now.

You are talking about Money Management. A very SUBJECTIVE topic. Find the OPTIMUM one that works best for you and your style. Create it yourself and don't follow others blindly. As for me I risk more when I am confidence... and risk less when I am not so confidence. The general rule... you want more... you got to risk more. More Reward comes with bigger risk. No easy way. That's the way it is.

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Quoting nAVIN2007

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100% right ...now this is a post worth reading over and over

Think about this? Placing a small lot with huge SL can be just the same as placing a BIG lot with small SL... am I right? this is very true...thanks for the encouragment bro

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Quoting apies84

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Hai Everyone...
I`m newby here n i very proud tat we have a very professional ketua kg in this forum...
I was read this forum from several weeks ago...
and i found tat its really helping me to think n make a prediction be4 entering the market...
I feel like in school of forex tat tutor by our ketua kg it self and his fwen like wakli, jebatfx, eneloop etc...actually its really helpful 4 many people...
so, salam ukhuwah to everyone especially to the senior n not forget also to newby like me...(yg Seangkatan)heheheh
neway, I like this word from ketua kg : "The general rule... you want more... you got to risk more. More Reward comes with bigger risk. No easy way. That's the way it is. " its really meaningful.

p/s: Seems like g/u will drop further until Friday right?

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