Hi Tatton
I discovered this thread on Sunday. Thanks to you I have started to watch GJ and have made some gains. Is this the only pair you trade? This is my third week trading using a demo account. Hope to go live in a few days time. But not sure which pairs are the best to make a good return. I started with a balance of 3,000 on March 1 and today the balance is 7,083
Hi Tatton
I discovered this thread on Sunday. Thanks to you I have started to watch GJ and have made some gains. Is this the only pair you trade? This is my third week trading using a demo account. Hope to go live in a few days time. But not sure which pairs are the best to make a good return. I started with a balance of 3,000 on March 1 and today the balance is 7,083
Ignored
that is awesome result. Did you put up a tp every order? if you how many pips? i gave up 70pips coz i didnot put up a tp when the gj price pull back.
No I didn't use tp. Apart from the GJ tip which gave me a profit of $470. ( I stayed up until the early hours of the morning watching the market, being a newbie I wanted to see how it played out).
I use EA. But I really want to learn to read the charts so that I can make my own decission of when to trade, take profit etc. EA don't always make a profit, sometimes I have to intervene and close the trade to limit the loss.
Everytime I am profitable with Demo Account,
I go in for live trading.
Guess what?
I am so good when i am trading on Demo,
but whenever I trade on live account...
boom!!!lol
I don't know why did happens all the time for me.
Does anyone have any advices to give me on this issue??
Problem is when trading live fear and greed takes over. I'm practicing taking small profits on each trade. I leave a trade open twenty minutes max until I learn to set proper lot sizes and tp. I am hoping that when I go live I will be prudent in my trading.
Everytime I am profitable with Demo Account,
I go in for live trading.
Guess what?
I am so good when i am trading on Demo,
but whenever I trade on live account...
boom!!!lol
I don't know why did happens all the time for me.
Does anyone have any advices to give me on this issue??
Ignored
YES!
same happens to me at times.
Basically it will be one or all of these things:
1) Under capitalised - You have such a small amount invested that you are chewing your fingernails off everytime you enter a trade. It doesnt mean put your life saving into it, but a comfortable amount where you can trade smallest lot size.
2) Your Emotions - Now you are trading with real money the pressure is on! Use smallest lot size untill you get comforable with entering trades. Accept the losses and move on. Accept the profits and move on. Your emotions shud be non-existant. You shud be numb, and the only thing you shud feel is your brain calculating whether you have a low risk/ high reward trade on. And then you click the button with-out further thought.
3) You loose a trade and get 'p*ssed off', or you frantically try to find a trade to make that money you lost back. Dont do this, be calm refer to point 3. You know that you are profitable in demo, live is no different. The losses come and so does the profit. If its really getting to you half your lot size untill you just feel normal when enter a trade.
4) You have been using demo for such a long time that live scares the schiestern out of you. Again trade with small amounts until you get comfortable.
Hope this is of some help. Basically stay calm and calculated.
YES!
same happens to me at times.
Basically it will be one or all of these things:
1) Under capitalised - You have such a small amount invested that you are chewing your fingernails off everytime you enter a trade. It doesnt mean put your life saving into it, but a comfortable amount where you can trade smallest lot size.
2) Your Emotions - Now you are trading with real money the pressure is on! Use smallest lot size untill you get comforable with entering trades. Accept the losses and move on. Accept the profits and move on. Your emotions shud...
Ignored
you are absolutely rite fry. reason why i lost 70 on gj coz im greedy. if only i set up my order with a tp of 10 pips b4 i went to sleep, i wouldnt hv lost that 70pips. now i wil ensure to put up a tp.
goal here is to help people maybe make 500pips a month tops, ive done that if anyone caught most setups, i know of a few who messaged me, right now im just being cautious.
im also backtesting and studying a few things to better myself as a trader.
Cool Runnings intraday swing trading