The last 24 hours is a PERFECT example of one my CLASSIC mistakes.
A move from 8600 to 9200
The First 300 pips i am fighting the short term "trend"
The next 300 pips i have given in and go with the "trend" but with smaller positions because i am still licking my wounds from the early ass kicking
So to all the seasoned traders on here;
At what point in a trade are you deciding its "not working"
25 pips? 50 ? 100?
I know it all depends on my risk and size of position and account balance and such. Also that this Pair can move 100+ pips in minutes.
I guess i'm just frustrated seeing I "did it again"
thanks for listening.
Each time you mess up, you learn .. I've been studying her for about 5 months now and I can see steady progress. I'm not as good as a few on this thread, a bit better than some .. but I am still learning and making mistakes.
Just keep position sizes small .. I am trading her with a micro account so no matter what happens, I stay alive. And when I lose, that's when I learn the most .. so for that reason at least, losses are welcomed
This week I have made and lost thousands of pips .. but each week the % made gets stronger with respect to the % lost and the losers are always the result of 'stupid' mistakes that I can easily see in retrospect .. and that is how I keep learning.
Also find one or two people in this thread whose opinions you trust and listen to them, do not try to follow what 'everybody' says because many are not really that good. Others are good, but they trade very specifically which not be suited to how you trade.
You'll get there .. and when at last you have tamed the beast... wow, what a ride
Remember: you learn when you lose!
