Letting the profits run for more than a few pips, is my main issue currently in the way or retiring well not working atleast.
I've got the hang of my entrys, 18wins 0 loses recently, and I agree totally with the Exit first sign of trouble with a small a loss as possible, or some profit intact if possible, but not had any of my last 18trades ( 3 weeks ) go negative, I might get stuck hoping for it to work out and put a huge dent in my account and wipe out 10 profits in 1 swoop. ( I call this normal )
This fear is meaning I'm trading less and less losing the balls, need to lose and handle it to gain confidence in that area, typically it's not happening, strange world.
Without letting my profits run ( and my system does support this ), I'm going no where fast.
It's when you forget it's real money and in 1 dumb trade give 2 days wages away but don't realise to after that sucks.
Not easy, but when beat keep scaling up the LOT sizes and retire, it's the only place where $500 can get you to millionaire status in a few years.
I've got the hang of my entrys, 18wins 0 loses recently, and I agree totally with the Exit first sign of trouble with a small a loss as possible, or some profit intact if possible, but not had any of my last 18trades ( 3 weeks ) go negative, I might get stuck hoping for it to work out and put a huge dent in my account and wipe out 10 profits in 1 swoop. ( I call this normal )
This fear is meaning I'm trading less and less losing the balls, need to lose and handle it to gain confidence in that area, typically it's not happening, strange world.
Without letting my profits run ( and my system does support this ), I'm going no where fast.
It's when you forget it's real money and in 1 dumb trade give 2 days wages away but don't realise to after that sucks.
Not easy, but when beat keep scaling up the LOT sizes and retire, it's the only place where $500 can get you to millionaire status in a few years.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!