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- #5
- Jan 9, 2009 6:02pm Jan 9, 2009 6:02pm
- Joined Jan 2008 | Status: Worst trader in the world | 1,531 Posts
all the best bro! 
- #6
- Jan 9, 2009 8:20pm Jan 9, 2009 8:20pm
- | Commercial User | Joined Sep 2005 | 2,784 Posts
That is a part of the game, don't give up 
- #9
- Jan 11, 2009 12:04pm Jan 11, 2009 12:04pm
- | Commercial User | Joined Sep 2005 | 2,784 Posts
You know, to win the game you must have "big balls", and here's the misunderstanding of big-balls in trading, many ppl think that big-balls mean taking big risks, or just don't getting scared to have some loosing position opened.
But, big-balls traders do effectively the opposite, they scare when they see a -20 pips opened position (and close it immediately), in the same time, when they see a +20 pips position opened, if the trend is intact, big-balls are required to WAIT and let the +20 become +80, and then if trend is still intact, you must have big-balls and don't close the +80, and wait maybe let it become a +160, etc...
So, some -20 losses, some +100 wins, some other -10 loss, some +50 win, -15 loss, -20 loss, +150 win, etc..
You must see the market like a ATM cash machine, don't be scared to have some little losses here and there, the important thing is that when it's time to "cash-out" your pips, you must cash-out BIG pips, i guess 95% of traders do the opposite, and this mean lose all their money in the long run.
Again, don't give up! U made a great work, i'm sure that also Warren Buffet have blowned something like 5-10 accounts in his life, know how to trade is a very precious thing, and nothing precious comes cost-free, understand?
Blowning some accounts is the costs that every great trader have to pay to achieve confidence, that's ok
But, big-balls traders do effectively the opposite, they scare when they see a -20 pips opened position (and close it immediately), in the same time, when they see a +20 pips position opened, if the trend is intact, big-balls are required to WAIT and let the +20 become +80, and then if trend is still intact, you must have big-balls and don't close the +80, and wait maybe let it become a +160, etc...
So, some -20 losses, some +100 wins, some other -10 loss, some +50 win, -15 loss, -20 loss, +150 win, etc..
You must see the market like a ATM cash machine, don't be scared to have some little losses here and there, the important thing is that when it's time to "cash-out" your pips, you must cash-out BIG pips, i guess 95% of traders do the opposite, and this mean lose all their money in the long run.
Again, don't give up! U made a great work, i'm sure that also Warren Buffet have blowned something like 5-10 accounts in his life, know how to trade is a very precious thing, and nothing precious comes cost-free, understand?
Blowning some accounts is the costs that every great trader have to pay to achieve confidence, that's ok
