Quoting hastingsDislikedhi fx-trader777, did you persist with your method on the second lost mini account? or you totally used a new method to trade? why I'm asking here is, you tested one method which had proved in a prior period of time, although there's many many better methods/system out there, but it's failed because of your own mistake (say you didn't take back off when you should). So with the new method you will start from beginning to learn it. what if there's another mistake you make with this new method?Ignored
No, playing with these two minis was worse than playing at casino
I had no system and I had no discipline, at that time this minis was not very important but I took them as credit from bank so it was money to worry about. LOL, I lied to credit officer that I wanted this money for repairing at home and purchasing freezer lool
So when I realized that this attitude will make me end up with loss I started learning and testing seriously, I became more careful and pesimistic, my first aim was not to gain but to protect my account from loss. I still believe that on forex professional trader's first target should be protect his own account from loss and then think of profits. So when I developed strict discipline and money management, then I started to develop my own system because i was not comfortable with systems invented by others, I tested them on DEMO and then I opened new live acc, I had no miracles but there was quite stable gain, I went on trading, I had many new findings, I was thinking of very risky systems, using high leverage but I only traded them on demo. I realized that this systems are not professional's systems, so I based on the systems which can bring stable profits and you now how much you can allow to lose before initiating trades.
I lost on second mini because I did not want to believe that I was wrong and market was right, I opened second account to revenge market, but I end up with huge loss, these two accounts tought how professionals do not trade
So doing oppisite meant trading like pro
kiss the trend