On my way to financial independence - if others can do it - I can do it
- #361
- Jul 5, 2012 11:39am Jul 5, 2012 11:39am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
- #362
- Edited 1:13am Jul 6, 2012 12:57am | Edited 1:13am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
this market stuff looks very similar to gambling , and I am not a gambler, in fact , I hate gambling-- so I am signing off.The happy ending is --- I made £700 profit -- worth the hustle hey
Keep trading
Keep trading
- #363
- Jul 6, 2012 2:30am Jul 6, 2012 2:30am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
this market stuff looks very similar to gambling , and I am not a gambler, in fact , I hate gambling-- so I am signing off.The happy ending is --- I made £700 profit -- worth the hustle hey
Keep trading
after time and effort you spent on learning, you want to quit?
to quit in stead off working towards better system?
COWARD!
take out your deposti and trade for what you're earned. but stick to demo for a while.
On my way to financial independence - if others can do it - I can do it
- #364
- Jul 6, 2012 8:37am Jul 6, 2012 8:37am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
this market stuff looks very similar to gambling , and I am not a gambler, in fact , I hate gambling-- so I am signing off.The happy ending is --- I made £700 profit -- worth the hustle hey
Keep trading
- #366
- Jul 9, 2012 2:58am Jul 9, 2012 2:58am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #367
- Jul 9, 2012 3:07am Jul 9, 2012 3:07am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
I am off trading for a little while to go into Rehab -- Trading discipline rehab --.I should be back soon .
- #369
- Jul 9, 2012 3:52am Jul 9, 2012 3:52am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #370
- Jul 9, 2012 10:37am Jul 9, 2012 10:37am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
I know you'll be back. Trading is very addictive
Think about risk, the pain before enter a trade, then profit will take care of itself. For example, my account is $1000, I'm spotting an absolutely great chance, which can make me $300, however where am I going to cut it if it doesn't go according to plan. If it's $300 in red too? Then, I can't take it, I can't bear losing 30% my balance. It depends on personality and pain threshold.
Thinking about my pain threshold first, then I'll lower my lot size. I'll win less, however my account won't have to bear large equity swing which my sweep it out.
My 2 cents.
Think about risk, the pain before enter a trade, then profit will take care of itself. For example, my account is $1000, I'm spotting an absolutely great chance, which can make me $300, however where am I going to cut it if it doesn't go according to plan. If it's $300 in red too? Then, I can't take it, I can't bear losing 30% my balance. It depends on personality and pain threshold.
Thinking about my pain threshold first, then I'll lower my lot size. I'll win less, however my account won't have to bear large equity swing which my sweep it out.
My 2 cents.
this market stuff looks very similar to gambling , and I am not a gambler, in fact , I hate gambling-- so I am signing off.The happy ending is --- I made £700 profit -- worth the hustle hey
Keep trading
Don't be a quitter! You are closer to success than you think!
Reduce your lot size to micro if you have to.
Get confidence in your system and yourself.
Congratulate yourself and Pat yourself on your back when you win.
We do not do enough of that...
When you lose look at what you did wrong and learn to control your risk.
Read these short stories it will help.
http://www.forexfactory.com/search.php?searchid=2941814
That link came from DailyKing profile.
http://www.forexfactory.com/showthread.php?t=254704
My motto is
"Never give up"
Giving up is not in my personality. That is the truth.
Think it......Live it..... Own it = Success.
Cheers!
Our IMAGINATION is the true holy grail!
- #372
- Jul 10, 2012 2:28pm Jul 10, 2012 2:28pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #373
- Jul 10, 2012 3:27pm Jul 10, 2012 3:27pm
- | Commercial User | Joined Jan 2009 | 1,490 Posts
I am in a point when I would like to give up (as after zeroing few accounts both real and demo I feel bad), but when I think about money I lost, when I think about money I spent on books, when I think about time and effort I spent on reading books, playing and zeroing demo accounts I just cannot give up.
Besides I am not sure about my professional future and see times are getting harder. I don't want to disappoint my family, I want good life for my wife and my little son, so I still keep searching, keep trying, keep faith. :-)
- #374
- Jul 10, 2012 3:27pm Jul 10, 2012 3:27pm
- | Commercial User | Joined Jan 2009 | 1,490 Posts
Hey Taf Do not give up.
Don't be a quitter! You are closer to success than you think!
Reduce your lot size to micro if you have to.
Get confidence in your system and yourself.
Congratulate yourself and Pat yourself on your back when you win.
We do not do enough of that...
When you lose look at what you did wrong and learn to control your risk.
Read these short stories it will help.
http://www.forexfactory.com/search.php?searchid=2941814
That link came from DailyKing profile.
http://www.forexfactory.com/showthread.php?t=254704
My...
- #375
- Jul 10, 2012 3:33pm Jul 10, 2012 3:33pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
I am in a point when I would like to give up (as after zeroing few accounts both real and demo I feel bad), but when I think about money I lost, when I think about money I spent on books, when I think about time and effort I spent on reading books, playing and zeroing demo accounts I just cannot give up.
Besides I am not sure about my professional future and see times are getting harder. I don't want to disappoint my family, I want good life for my wife and my little son, so I still keep searching, keep trying, keep faith. :-)
There are tons of systems right here at FF. I believe a lot of them would work, the only thing to handle is money management. OK, all set, I can do that easily....but when the time comes to test patience and money management, kaput!!!
The thing I really liked about u, Tafad is that you use stop loss dedicatedly. I believe that if you simply reduce your lot size to a maximum of $1 per pip for every $750 in account, you can easily net 10% to 15% per week.
You should not give up. Take a rest, and then go for it again. Just work on your lot size.
TF
P.S
I wish I could follow my own advice re money management, patience and SL.
I am practically on the same boat. Every time it seems that I have made it, I get booted again.
There are tons of systems right here at FF. I believe a lot of them would work, the only thing to handle is money management. OK, all set, I can do that easily....but when the time comes to test patience and money management, kaput!!!
The thing I really liked about u, Tafad is that you use stop loss dedicatedly. I believe that if you simply reduce your lot size to a maximum of $1 per pip for every $750 in account, you can easily net 10% to 15% per...
Moreover, I will suggest that you review your system thoroughly. Document your system in detail. Include charts to explain various types of trades u would take. Clarify, to yourself, your entry points, exits and everything about your system before attempting it again.
And ofcourse, when you are satisfied and happy with your work, post it here for our benefit....
TF
- #379
- Jul 16, 2012 9:26am Jul 16, 2012 9:26am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
Returning soon -- Watch this space .
- #380
- Jul 16, 2012 9:41am Jul 16, 2012 9:41am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it