DislikedCesarnc, You know what I failed again with the news trading. 4th times in a row thought it went to the right way as I predicted, the spike to the opposite side for the first 20 seconds made me closed my orders. I lost 50 pips each for 2 orders, taking away 50 pips that I scalped and costed me another 50 pips..Now I believe news trading is not for me, and I think scalping work the best for me...The one that give me the most profit since my early forex days....Ignored
I've suffered some pretty shitty losses recently. All of them caused by one single reason: "not letting profit run / losses biger than profits".
I usually make good calls but fail to trade them because of the financial shortage I've had when trying to catch highs when we saw 9900. With my money management now, I can barely trade a couple of lots. Thats a very good call for another loss.
I'm in the verge of become another fx statistics quite soon, if I go on this way.
For now, I'm searching for the bottom + reversal to trade it the way up, 1 trade, 200+ pips, SL -50. That's what is left for me now.
Or waiting for the next rate statement (ECB hike likely next month)
2 - I just hate demo. I make KILLER profits in demo, that is not reproduced in the live account. So I will start trading with a lower leverage broker smaller lots until I get consistently profitable. Will surely take months, but I can't go any further chewing losses here.
