sorilli's ACD system journal

GBPNZD: uptrend 4h/60min
failed A down enter 1 minilot @1.4401/ SL 1.4380/ TP 1.4480

entry conditions updated

GBPNZD stoppend out: -21pip

Sorilli

Post a snapshot of your chart with your trades marked on it. Also mark on it WHAT YOU SHOULD HAVE DONE. Do this everyday until it sinks in DONT TRADE OUTSIDE YOUR RULES. Not being funny but you could spend years using a profitable system but losing until you crack the discipline thing. Eventually you should see a gradual swing towards profitability. Even with a profitable system that is proven most traders will need at least 3 months, normally six or more to really get to grips with a system. In the meantime be prepared to lose at least 120 times what you thought you would put in as your absolute maximum loss before quitting. After that expect to break even for a year or two, then break into profit. See any upside on this as a bonus. Trading is all in the mind! I have traded for more years than I care to count and it still takes me a good 3 months to get to grips with any system. Have a look at this thread for a guy who just trades his rules:

http://www.forexfactory.com/showthread.php?t=292743

Post some charts, and if you use MT4 link your account into the trades section. The very discipline of doing all this will put you under pressure not to muck it up with those stupid impulsive trades. Persevere and you will get there, just don't break the bank along the way. Demo accounts are there for a reason.

for what is worth...

when i started and 2 years down the track, relaised it is not going to be easy.

I needed 15 years parttime/ occasional to extract method that suits me and lifestyle and keeps me happy.

Soros broke out of misery after 17 years. Other traders I was in contact also 15 years seem to be the norm. I am not talking about profitable but integrated in person's life.

I was profitable from day 1. Really. However, I did not like the system. I found several winning systems and rejected as I want to have life in the first place.

Money from markets is for life's luxuries and used for fair attempt to get rich. And I still work

Hi revoli and seaman2,
thanks for taking the time to post in my journal and your valuable advice!

revoli, you are right its the lack of discipline that bleeds my account. I managed to loose >70% of my (smallish) account in a little over a year and am now determined to stop this for good and become profitable before I commit any serious money.

So thank you again