damn @#!!!##!! .... I missed the post 4000 !!!!
- #4,002
- Edited 9:23pm Sep 11, 2012 5:21pm | Edited 9:23pm
I think that a few weeks on Demo is enough. After that one should move to live account and start with micro lots (0,01). The thing is that if you cannot handle a losing trade even as low as that then you will not become a trader at all and you will end trading only on demo for the rest of your life. So instead of moving from live back to demo just lower you lot size as low you can and start from there and the reason for that is that you already know that the system/method is working. If you finally feel comfortable then you may increase the lot...
although we can cheat and lie most of our lives in almost everything, unfortunately in FX, if you cheat yourself out of demo then you are only cheating yourself. that's why 95% fail. in most cases, it's not the system that loses, but the human.
***involvement****
some Chinese proverb said, “Tell me and I’ll forget; show me and I may remember; involve me and I’ll understand.” teaching/sharing is a form of involvement. maybe if you have something you have learned over the months/years share it to us! your performance may just improve unexpectedly too!
i noticed that when i was just lurking, it took me 2 months to double up. but when i started sharing, i achieved it in July and again in August. it might be too early to conclude that it is because of teaching/sharing that betters the performance. but when i post something that is wrong, i get dinged then i learn. and when you share/teach you become cautious of what you post cos it can be scrutinized publicly.
then you apply the same cautiousness in your trades and exhibit consistency. that cautiousness becomes second nature and you start to exercise discipline at all times. and you realize that if PA is not tradeable you actually just walk away and you don't force a trade.
so post here and let us help each other.
***having said that****
today i shall use regular pivots. although the pivots are farther apart (S1 to R1 = 100+ pips), ATR projection is only 95 and today we have the German Constitutional Court Ruling
Challenger
- #4,011
- Sep 12, 2012 3:21am Sep 12, 2012 3:21am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #4,017
- Sep 12, 2012 5:54am Sep 12, 2012 5:54am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #4,018
- Sep 12, 2012 5:55am Sep 12, 2012 5:55am
i am confused by the reactioncould not pull the trigger. still flat.... will trade NY instead
Today's PA after the ESM ruling is a very good example in being very careful when trading news or such events. You have to try to understand to what degree the market has priced in a particular expected result leading up to the actual event. I've noticed even when trading things like NFP if the number is only off by a very small amount the pair does not exude a lot of volatility. Ex. last weeks NFP number was off the expected number by a pretty good chunk and that's why the rallies on that day were quite sizable. Just something I've noticed and learned a long the way.
- #4,019
- Sep 12, 2012 6:07am Sep 12, 2012 6:07am
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.