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  • #635,501
  • Apr 27, 2012 8:09pm Apr 27, 2012 8:09pm
Quoting torex
well guys....am i very emotional....and i think that each one of you blew at least one account...but have you ever had tears in your eyes, even metaphorical speaking or feeling worthless...or is just me having these emotional signs?
i didn't blow my account yet - Money management, m8! I had some big losses like 20 % of my account but that's it - if u drive a motorcycle than u won't b asking urself if u r ever going to fall - u will fall one day and it's good to know how u r going to behave once that day will come...
  • #635,502
  • Apr 27, 2012 8:12pm Apr 27, 2012 8:12pm
Quoting aPIPor100
I wonder how many of the bears on eurusd would turn bulls if the pair was called usdeur or they would remain bearish.
i am a bull if PA is heading north and i turn into a bear if PA gives some clues about dropping
  • #635,503
  • Apr 27, 2012 8:13pm Apr 27, 2012 8:13pm
ok guys..i must go to sleep now...as it's 4.12 am here...and tomorrow at 2 pm i must have a surgical operation....hoping you all the best...a lot of pips and we talk tomorrow evening....you are my friends/family through this lonely business....

cheers and good night..


MUPPET signed off (and proud to be a muppet, as of Cloggie's point of view <<trying to dechipher this kind of business>> )
  • #635,504
  • Apr 27, 2012 8:13pm Apr 27, 2012 8:13pm
Quoting torex
well guys....am i very emotional....and i think that each one of you blew at least one account...but have you ever had tears in your eyes, even metaphorical speaking or feeling worthless...or is just me having these emotional signs?
I've blown about 3 to 5 accounts, my nett loss right now stands at slightly over sgd1300

Tears? No

Feeling worthless? Definitely, but it only strengthened my resolve to become a good trader.
  • #635,505
  • Apr 27, 2012 8:15pm Apr 27, 2012 8:15pm
Quoting torex
ok guys..i must go to sleep now...as it's 4.12 am here...and tomorrow at 2 pm i must have a surgical operation....hoping you all the best...a lot of pips and we talk tomorrow evening....you are my friends/family through this lonely business....

cheers and good night..


MUPPET signed off (and proud to be a muppet, as of Cloggie's point of view <<trying to dechipher this kind of business>> )
lol, ain't we all muppets compared to cloggie? =)
  • #635,506
  • Apr 27, 2012 8:15pm Apr 27, 2012 8:15pm
Quoting 853efx
i am a bull if PA is heading north and i turn into a bear if PA gives some clues about dropping
...and that's the right thing to do, but I am afraid that most of us sometimes develop a bias similar to the bias that football fans have towards their football team.
  • #635,507
  • Apr 27, 2012 8:17pm Apr 27, 2012 8:17pm
Quoting jayjb
I've blown about 3 to 5 accounts, my nett loss right now stands at slightly over sgd1300

Tears? No

Feeling worthless? Definitely, but it only strengthened my resolve to become a good trader.
what's sgd? and really, i didn't blow any account yet, but only because i have some economical background i guess...
  • #635,508
  • Apr 27, 2012 8:17pm Apr 27, 2012 8:17pm
Quoting jayjb
Feeling worthless? Definitely, but it only strengthened my resolve to become a good trader.
  • #635,509
  • Apr 27, 2012 8:21pm Apr 27, 2012 8:21pm
Quoting 853efx
what's sgd? and really, i didn't blow any account yet, but only because i have some economical background i guess...
sgd = singapore dollars
  • #635,510
  • Apr 27, 2012 8:21pm Apr 27, 2012 8:21pm
Quoting aPIPor100
...and that's the right thing to do, but I am afraid that most of us sometimes develop a bias similar to the bias that football fans have towards their football team.
money and numbers don't mean shit to me. So therefore no emotions involved - i like to paint and love to tease a beautiful woman, getting drunk or drive ppl crazy by doing some phonecall pranks, but that's life - trading isn't life - i don't care shit about numbers, final point. =)
  • #635,511
  • Apr 27, 2012 8:23pm Apr 27, 2012 8:23pm
Quoting jayjb
sgd = singapore dollars
is that ur pic on that profile? if so, u seem to b very honest and cute as well. I studies IT too but i h8 programming tbh...
  • #635,512
  • Edited 8:25pm Apr 27, 2012 8:23pm | Edited 8:25pm
Quoting torex
well guys....am i very emotional....and i think that each one of you blew at least one account...but have you ever had tears in your eyes, even metaphorical speaking or feeling worthless...or is just me having these emotional signs?
First off... don't get this caught up in the FX. If you cannot separate your emotions...you'll be cryin' in yer beer for years to come. Get the emotion out.

Next, paper trade. Do not use money. Paper trade as if it is with real money and take small positions. Small bites. Cut losses quickly...losses are part of the game. If you are blowing accounts up...you have no idea of what risk is. You are gambling. Period. Be patient and do the paper trading until you have these emotions and management of skill under control. It could take months....years. Do it. Once you are locked in...all the money you thought you lost while becoming the trader you wish to be will come back to you quickly. But not until you've dedicated your efforts to this. This is the real deal.

If you really love trading the FX...then you will come around to discipline. If not...you will hate FX as it will absolutely run you ragged.

Have confidence and pay close attention to what the very disciplined traders here are posting...no-nonsense stuff. You know who they are. Again.... this is no "get rich"...gambling affair. It is a viable business. Learn it the right way.
It's the simple things in life that have the most powerful meaning.
  • #635,513
  • Apr 27, 2012 8:23pm Apr 27, 2012 8:23pm
Quoting attila
Higher trend is down, and Jan low is not the bottom.. I will not buy it to the sky, but I'll still buy for now..
yes monthly and weekly levels very important, since january is like watch paint dry.
and agreed this chanel has utl and other ma,s etc target 3657 3713 so
with 1st fence 3372ish 2nd 3476ish yes is room to long her from ltl of channel last touch 2994

This high of 3270, if holds for me will be a lh from the present weekly lh ll lh and if can achieve a ll will be breach the ltl of channel so her is very interestingly poised, for both bull and bear.

Happy pip hunting bro
If you are new to Forex? Say Goodbye to your account!!
  • #635,514
  • Apr 27, 2012 8:29pm Apr 27, 2012 8:29pm
Quoting lebleup
First off... don't get this caught up in the FX. If you cannot separate your emotions...you'll be cryin' in yer beer for years to come. Get the emotion out.

Next, paper trade. Do not use money. Paper trade as if it is with real money and take small positions. Small bites. Cut losses quickly...losses are part of the game. If you are blowing accounts up...you have no idea of what risk is. You are gambling. Period. Be patient and do the paper trading until you have these emotions and management of skill under control. It could take months....years....
Yes, i agree that it could be seen as a "tuition fee" for the best university you could have ever attended to.....of course if it gets profitable on long term...because i hace this problem...i want fast results:-s
  • #635,515
  • Apr 27, 2012 8:29pm Apr 27, 2012 8:29pm
Quoting lebleup
First off... don't get this caught up in the FX. If you cannot separate your emotions...you'll be cryin' in yer beer for years to come. Get the emotion out.

Next, paper trade. Do not use money. Paper trade as if it is with real money and take small positions. Small bites. Cut losses quickly...losses are part of the game. If you are blowing accounts up...you have no idea of what risk is. You are gambling. Period. Be patient and do the paper trading until you have these emotions and management of skill under control. It could take months....years....
i do disagree - papertrading is worth shit! trade real money instead and learn to control ur emotions! the more u r able to give away, the more u will get. Relax and trust urself...
  • #635,516
  • Apr 27, 2012 8:30pm Apr 27, 2012 8:30pm
Quoting KiwiTrada
yes monthly and weekly levels very important, since january is like watch paint dry.
and agreed this chanel has utl and other ma,s etc target 3657 3713 so
with 1st fence 3372ish 2nd 3476ish yes is room to long her from ltl of channel last touch 2994

This high of 3270, if holds for me will be a lh from the present weekly lh ll lh and if can achieve a ll will be breach the ltl of channel so her is very interestingly poised, for both bull and bear.

Happy pip hunting bro
Looks a little wedgy on h4 but these things usually drop only to the bottom.. We'll see what the week brings..

happy trading..
  • #635,517
  • Apr 27, 2012 8:31pm Apr 27, 2012 8:31pm
Quoting torex
thank you..yeahh...i guess i need some words that can help me to get over...to continue this wonderful yet very very very hard road...:-<
When you are learning, trade to learn. Use a very small trade and protect it with a very tight stop loss. You can afford to be stopped out a few times on very small trades if it helps you to learn.
Consider each loss as a "cost of doing business" rather than a loss.
Most importantly, enjoy your losses. This means that you use them as an opportunity to learn what you planned, what you did, what the market did.....
Once you have learned your error, you simply say to yourself "now I do not need to make that mistake again, I have learnt how to be a better trader".

If you analyse every trade (positive and negative) as soon as you have exited, you will be able to learn from each and every trade you do.
Enter each trade with the intention of exiting a better trader.
Trade to learn and not for profit. Once you have learned, the profits will follow.
You never trade for profit, you trade to become a better trader and the profits will follow.
Hope this helps.
PS, it will take as long as it takes. Do not measure yourself on time, measure yourself on discipline, planning, execution of your plan and an increasing number of positive trades.
Cheers, Harry The hardest way to make easy money.
  • #635,518
  • Apr 27, 2012 8:35pm Apr 27, 2012 8:35pm
Quoting 853efx
i do disagree - papertrading is worth shit! trade real money instead and learn to control ur emotions! the more u r able to give away, the more u will get. Relax and trust urself...
Why do you figure this person is losing his shirt? What is it that is causing the emotion? You think it might be that they do not know how to manage risk / money? You have to strip it down...start from scratch and then build into it....

paper trade first. then micro lots....graduate to mini lots...and so on.

What is causing the emotion? Money drives it right? Well..if you've read these very experienced one's posts...it ain't about the money at their level. It's about making the right call....and executing it time and again....the pips (money) comes naturally once that skill has been sharpened.

My take anyhow.
It's the simple things in life that have the most powerful meaning.
  • #635,519
  • Apr 27, 2012 8:36pm Apr 27, 2012 8:36pm
I'm sorry if my problem created an off-topic conversation on this thread...

sorry guys, but i love you, all of you
  • #635,520
  • Apr 27, 2012 8:38pm Apr 27, 2012 8:38pm
Quoting torex
I'm sorry if my problem created an off-topic conversation on this thread...

sorry guys, but i love you, all of you
You didn't, it's weekend talk..
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