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Technical Analysis Fallacy

  • #39,181
  • Feb 27, 2013 7:13am Feb 27, 2013 7:13am
Quoting Fana
Hi Frz. Is losing money fun? Regards
Hi Fana.

it's not fun. capital is important.
but i'm not take it as lose.
i take it as my tuition.
strange, but it's the way i accept my lose to maintain my healthy mindset.


Regards.
steady as she goes
  • #39,182
  • Feb 27, 2013 8:20am Feb 27, 2013 8:20am
Quoting frz
Hi Fana.

it's not fun. capital is important.
but i'm not take it as lose.
i take it as my tuition.
strange, but it's the way i accept my lose to maintain my healthy mindset.


Regards.
Your mindset is losing oriented. When you split capital into many account, you say to your brain, that first is ready to be blown. Btw, that spliting has no-connection to what is in the market. Instead of carrying abt the market and PA, you solve your own menthal blocks. Ask yourself a question:
"How does this relate to what is in the market".
And please, be profits oriented. Tuition that was, now you will EARN! In the moment, you accept that you are not confident and that you are still newbie, you are lost.
So, left all behind and tell yourself " Now i do great trading, now i trade best i can, i follow that logical ways i know. I aply that, i earn! OK
  • #39,183
  • Feb 27, 2013 8:48am Feb 27, 2013 8:48am
Loosing money is fun. Less money you have, less troubles you have In the end you will have only 1 problem, that one you don't have any money at all and eventually if you cant feed urself u die, (what u will sooner or later), so all problems get settled lol
  • #39,184
  • Feb 27, 2013 8:48am Feb 27, 2013 8:48am
Quoting Fana
Your mindset is losing oriented. When you split capital into many account, you say to your brain, that first is ready to be blown. Btw, that spliting has no-connection to what is in the market. Instead of carrying abt the market and PA, you solve your own menthal blocks. Ask yourself a question:
"How does this relate to what is in the market".
And please, be profits oriented. Tuition that was, now you will EARN! In the moment, you accept that you are not confident and that you are still newbie, you are lost.
So, left all behind and tell yourself...

thanks Fana, your advice is all i need.

i must admit that i'm not confident at all.
i splitting my capital based on my threshold pain. and i admit this is a mental block.
i feel not ready yet.
i feel ready when my small account is growing.

i know my fund is limited.
so, i decided to preserve my capital as good as i can, to maintain my trading activity in my learning curve.
also i use leverage function to help me trade with the minimum risk.
since my account is not growing yet and also wiped repetitively,
survival is paramount for me now.


Regards
steady as she goes
  • #39,185
  • Feb 27, 2013 8:59am Feb 27, 2013 8:59am
Quoting mijamoto
Loosing money is fun. Less money you have, less troubles you have In the end you will have only 1 problem, that one you don't have any money at all and eventually if you cant feed urself u die, (what u will sooner or later), so all problems get settled lol
hi Mijamoto.

yap, it's true.


Regards
steady as she goes
  • #39,186
  • Edited 9:47am Feb 27, 2013 9:22am | Edited 9:47am
Quoting frz
thanks Fana, your advice is all i need.

i must admit that i'm not confident at all.
i splitting my capital based on my threshold pain. and i admit this is a mental block.
i feel not ready yet.
i feel ready when my small account is growing.

i know my fund is limited.
so, i decided to preserve my capital as good as i can, to maintain my trading activity in my learning curve.
also i use leverage function to help me trade with the minimum risk.
since my account is not growing yet and also wiped repetitively,
survival is paramount for...


wen make big dance this.
careful now.
this was lost forever in the world until someone found it.
incredible.

Inserted Video


double incredible, its lost again, the video.
now only LP exist.

Inserted Video


regards

The peeps in video already dead nearly 20 years.
The video is from mid 1970's .
and have corps still claim copyrights?
i hope they evils goes bankrupt soon.
How this world ever have peace with monsters like these around?
nevermind, just let God deal with them.
There some selfishs amongst us thats absolutely sick in the brain.
  • #39,187
  • Feb 27, 2013 9:24am Feb 27, 2013 9:24am
Mija and Frz, try this :
Imagine that you will go to the highest floor of som huge skyscraper... There is traders floor... You will go to one trader and ask him... He will reply you the same answers as YOU just before... Imagine how you feel and what you think about such "trader".
I dont know how to help you guys... i was also the same when i began, but you must change that self... Everybody must self, because thats "me" Good luck.
  • #39,188
  • Feb 27, 2013 9:40am Feb 27, 2013 9:40am
Quoting Fana
Mija and Frz, try this :
Imagine that you will go to the highest floor of som huge skyscraper... There is traders floor... You will go to one trader and ask him... He will reply you the same answers as YOU just before... Imagine how you feel and what you think about such "trader".
I dont know how to help you guys... i was also the same when i began, but you must change that self... Everybody must self, because thats "me" Good luck.
no Fana.. my reply to Mija is for jesting only.
please, no get offended.
i fully appreciated your advice, it's correct.
i have read book about mindset, subconscious mind and mental block before, so i know you was right.
thanks for your kind of attention, i will consider your advice utterly.


Regards
steady as she goes
  • #39,189
  • Feb 27, 2013 9:44am Feb 27, 2013 9:44am
Quoting frz
no Fana.. my reply to Mija is for jesting only.
please, no get offended.
i fully appreciated your advice, it's correct.
i have read book about mindset, subconscious mind and mental block, so i know you was right.
thanks for your kind of attention, i will consider your advice utterly.


Regards
You take it seriously? Really? Why its so hard to practice then? You still want to talk what you already know? Why? It helps you with market? That does what it wants... that goes its way... So enjoy that and earn. You have all you need. Bye, see you in markets.
  • #39,190
  • Feb 27, 2013 9:48am Feb 27, 2013 9:48am
Quoting Fana
You take it seriously? Really? Why its so hard to practice then? You still want to talk what you already know? Why? It helps you with market? That does what it wants... that goes its way... So enjoy that and earn. You have all you need. Bye, see you in markets.

Why you seem upset Fana my friend?


Quote
Bye, see you in markets
Egor?


Not attacking you my friend, just asking. Hope you are doing well.
  • #39,191
  • Feb 27, 2013 9:56am Feb 27, 2013 9:56am
Quoting Fana
You take it seriously? Really? Why its so hard to practice then? You still want to talk what you already know? Why? It helps you with market? That does what it wants... that goes its way... So enjoy that and earn. You have all you need. Bye, see you in markets.
yes. i take it seriously, my friend.
it's dream and hope that keep me stand in the battlefield.
i must learn to walk before i run.
"If I had eight hours to chop down a tree, I'd spend six sharpening my axe." — Abraham Lincoln


Regards
steady as she goes
  • #39,192
  • Feb 27, 2013 10:38am Feb 27, 2013 10:38am
Quoting Fana
You take it seriously? Really? Why its so hard to practice then? You still want to talk what you already know? Why? It helps you with market? That does what it wants... that goes its way... So enjoy that and earn. You have all you need. Bye, see you in markets.
If nobody talked about what they already knew, this thread would never have been started.
  • #39,193
  • Edited 11:11am Feb 27, 2013 10:58am | Edited 11:11am
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  • #39,194
  • Edited 12:40pm Feb 27, 2013 11:07am | Edited 12:40pm
Quoting tubguy
Now, my 1k available capital is just all I am willing to put at risk at this time and the 50:1 leverage wouldn't even allow me to comfortably
trade at $1.00 per pip so I prefer to have the added leverage if needed.

I still intend to keep it small but I have always liked to have more of something available if I need it. Old habit from my asphalt construction days.
Just thinking, $1k at $1 per pip seems undercapitalised. Even $1k at $0.10 per pip is bordering on undercapitalised. In my experience, I have only had a problem with leverage/margin when undercapitalised and I think that is why leverage is a main issue for you.

When capitalised, it seems like a whole different ballgame. Feels more like being a general than a platoon leader. Lots of pressure off and get a good feel for the battles with a good chance for fighting and rescuing - assuming one has a good strategy that makes sense. Confidence greatly improved but justifiable in my mind, keeping ego at bay.

I tried what you are attempting when I was first introduced to this thread but didn't succeed. I was down £7000 also (about the same as you) and thought I could build a small account back to recover my £7000 without success. I'm not saying it can't be done but it is an uphill battle. Only when I considered capitalisation as a very important ingredient did I fully recover my losses and more.

Since then it is just me quietly working in the background, keeping quiet, understanding myself, understanding market, reading fti's comments, trying to keep ego, greed and patience under control. All has been presented in this thread, as fti keeps mentioning, just needs to be internalised. That will take time... but still need to have all ingredients...
  • #39,195
  • Edited 11:24am Feb 27, 2013 11:13am | Edited 11:24am
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  • #39,196
  • Feb 27, 2013 11:34am Feb 27, 2013 11:34am
Quoting Zoran
Just thinking, $1k at $1 per pip seems undercapitalised. Even $1k at $0.10 per pip is bordering on undercapitalised. In my experience, I have only had a problem with leverage/margin when undercapitalised. and I think that is why leverage is an issue for you.

When capitalised, it seems like a whole different ballgame. Feels more like being a general than a platoon leader. Lots of pressure off and get a good feel for the battles with a good chance for fighting and rescuing - assuming one has a good strategy that makes sense. Confidence greatly improved...


Hi Zoran


very good post for everyone to note, I especially agree with your last line 'That will take time... but still need to have all ingredients... '


regards


Phil.
-be careful about what you allow to be put in your mind-
  • #39,197
  • Edited 12:12pm Feb 27, 2013 12:02pm | Edited 12:12pm
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  • #39,198
  • Feb 27, 2013 12:50pm Feb 27, 2013 12:50pm
Quoting Zoran
Just thinking, $1k at $1 per pip seems undercapitalised. Even $1k at $0.10 per pip is bordering on undercapitalised. In my experience, I have only had a problem with leverage/margin when undercapitalised. and I think that is why leverage is an issue for you.

When capitalised, it seems like a whole different ballgame. Feels more like being a general than a platoon leader. Lots of pressure off and get a good feel for the battles with a good chance for fighting and rescuing - assuming one has a good strategy that makes sense. Confidence greatly...

Thanks for your thoughts Zoran.

I agree yours and Fti's thoughts that it is under capitalized and leaves little room for any maneuvers.

Unfortunately for me, I learn by doing. I can hardly read a book or even this thread and truly grasp what is presesnted. I do however, get better
and closer with each mishap. I guess I learn from the pain of being wrong. So i tend to put myself into situations that may be less than optimal just to know that when I master what I am learning. I have already been through all the bad situations and it becomes internalized to do things right.

Strange...I'm sure, but it's just the way I learn. Took me almost going to prison before I realized that I could not drink and drive anymore.

Wish me luck.
  • #39,199
  • Feb 27, 2013 1:07pm Feb 27, 2013 1:07pm
Happy trading day to everyone! Thought I'd stop by to say hi and catch up a little with fti's thread. fti, it sounds like you are doing well and that is good news! Hope everyone here is trading well, or at least learning as you trade. Saw Fana had stopped by and it was good to see him again, too. Take care everyone!
  • #39,200
  • Feb 27, 2013 7:26pm Feb 27, 2013 7:26pm
Hi fti

Yes I agree that what Panda is doing is good and accept that they may have only positive motives. They have planned ahead well and are acting on a longer timeframe than others I feel.

I think that the question now is, 'Is that good for everybody, and in particular is that bad for US dollar? :-)

I have read that petrodollar is just another ponzi scheme, another way to support US dollar. Is a move away from petrodollar potentially a central issue for US in the near future or is it a peripheral one? I think that that is the question.
P


Quoting fti
is good, they doing bilateral trade development.
but that in no way is taking the usd out of the markets.
effects on usd markets should only be indirect if any.

stockpiles is good, they protecting their industrial supply chain, they have lots surplus. collect wood on fine days and buffer for rainy days is not a bad idea.


regards
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