DislikedPersonally I think it comes back to you need to take risks to profit. Those risks come into play whether it's at opening of the trade or when you are already in front eg if 100 pips in front still need to risk some or all of that if you want to get to 200 or 500 pips. Beating yourself up for giving some back is self defeating, none of us knows 100% when it is the top or bottom. Have a plan and follow it - at least then you will be consistent. Part of my plan TRYS to have several positions so that some can be held for longer term, some can be closed...Ignored
thank you for the reply and inputs. I appreciate. You mark several points (100pipsaday also of course, but you discern my psycho much better.) You are so polite and discrete than you don't write what I am. But I have the right to say anything negative on my account.
I am simply procrasinating to reach the next level.I believe that I know what I have to do, but I'm simply not doing it.
My plan is to hit the max money in each session and run fast and furious. I mean that I know approximately what is the average range for each session for each pair. So when the range is reached I must not give even one minute of second thought, I must exit my position and say bye bye to the market untill the next session. But I'm not doing this. Why is the question ?
Maybe that's because I changed my trading strategy very recently, just few weeks. Before that, I used to keep my position, for several days. Psychologically I had no difficulties in giving back temporarily some pourcentage of my profits awaiting final target. Here lies the contradiction. I keep alive my old trade management reflex, wich one is not appropriated to my new trading strategy. I adopted a bandit trading strategy and I sill keep alive a romantic trade management. If I don't change my trade management style I'll be under arrest as a common bandit.
Does it make sense ?. Comments, critics and inputs are appreciated.
Don't be smart. Be rich.
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