My mentality - my problem | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Mentality - reasons for trading 8 replies

Do You Have A Winning Mentality? 38 replies

Free lunch mentality 6 replies

Self-help mentality 54 replies

The mentality of the successful trader 3 replies

Attachments: My mentality - my problem
Exit Attachments

My mentality - my problem

  • #221
  • Jun 10, 2013 10:51am Jun 10, 2013 10:51am
Quoting pemully
quit trading choros...the dance of death.
why?
On my way to financial independence - if others can do it - I can do it
  • #222
  • Jun 10, 2013 10:59am Jun 10, 2013 10:59am
find a method thats compatible with you.You cant be successful using another mans system which involves a lot of discretion...I haven't seen anyone do that...,find your own flair.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #223
  • Jun 10, 2013 11:08am Jun 10, 2013 11:08am
Quoting pemully
find a method thats compatible with you.You cant be successful using another mans system which involves a lot of discretion...I haven't seen anyone do that...,find your own flair.
the system works and suits me, it is me who is still greedy and can't cope with emotions
On my way to financial independence - if others can do it - I can do it
  • #224
  • Jun 10, 2013 11:10am Jun 10, 2013 11:10am
btw. take a look at my demo account. 4k in 3 days - I wish it was real account
but I will never trade this way on real cash
On my way to financial independence - if others can do it - I can do it
  • #225
  • Jun 10, 2013 4:36pm Jun 10, 2013 4:36pm
Quoting pemully
quit trading choros...the dance of death.
I think pemully listens to Iron Maiden.....
Attached Image
  • #226
  • Jun 10, 2013 4:40pm Jun 10, 2013 4:40pm
Quoting Eur Usd
{quote} the system works and suits me, it is me who is still greedy and can't cope with emotions
Getting closer to control yourself my friend....
Just reduce your risk and stick with what you are doing !
  • #227
  • Jun 10, 2013 10:58pm Jun 10, 2013 10:58pm
Quoting kostas1
{quote} Getting closer to control yourself my friend.... Just reduce your risk and stick with what you are doing !
thanks kostas. I appreciate your presence and your words. I hope to get there within 3 years. I start in September with 500Pounds if the last tests will do well.
On my way to financial independence - if others can do it - I can do it
  • #228
  • Jun 11, 2013 6:37am Jun 11, 2013 6:37am
still thinking what kostas said and I really feel better, that somebody experienced and living off the system thinks I am going in right direction
On my way to financial independence - if others can do it - I can do it
  • #229
  • Jun 11, 2013 5:12pm Jun 11, 2013 5:12pm
WHEN YOU EXPECTATION ARE RAISED TOO HIGH DISAPPOINTMENT IS INEVITABLE

THIS IS NOT TO DISCOURAGE YOU

wake up before forex destroy's you


what i am trying to say is u have been counting 3% gain for 2-3yrs throughout this thread, & u don't even know what is EA, which tells me your knowledge is very little & little knowledge is dangerous, people have been trading forex for 8-9yrs & are still going in circles, in this business u only play with the money u can afford to lose, 95 % fail & only 5 % win out of that less then 1% maybe making more than 3% daily, are u in the 1% category

THINK HARD, THINK DEEP, THINK REAL
A good trader follows his rules, but great trader knows when to break them
  • #230
  • Jun 12, 2013 1:35am Jun 12, 2013 1:35am
Quoting ill_be_back
WHEN YOU EXPECTATION ARE RAISED TOO HIGH DISAPPOINTMENT IS INEVITABLE THIS IS NOT TO DISCOURAGE YOU wake up before forex destroy's you what i am trying to say is u have been counting 3% gain for 2-3yrs throughout this thread, & u don't even know what is EA, which tells me your knowledge is very little & little...
thanks for your comment, I get the point.
my point is that I've been testing the system many times and it was giving me way over 3% daily. those times when I failed I failed due to greed and other mental problems mentioned in first topic of the thread and the method itself is ace. my main target now is to get back on tracks of strong mentality (like the first month in my live account has, I was gaining nice profits then) and to keep my trading profitable (or without loses) constantly.
I know it is possible, and that's why I keep trying. took me a long time to get where I am now, and I need more time to master discipline.

as about knowledge of EA - I don't even trade MT4, I trade the way I feel better and see nothing wrong in it. There are many more things I don't know about forex and I prefer to stick and master just a little bit of the knowledge than to know a bit of all.

I know I will get there and 3% daily profit is real, just need my mentality to get on proper track
On my way to financial independence - if others can do it - I can do it
  • #231
  • Jun 13, 2013 12:48am Jun 13, 2013 12:48am
Hi Eur_Usd,
I saw your presence in Choros, and i feel you are getting better day by day, and knowing the problems in oneself anyone can come out of those for sure,so keep it up. you will do it.
Regarding the, EAs offcource the EAs are eseential in trading but making fully EA choros is not possible and not needed also. So keep EAs on the place it has and move on to your mission.

Regards,
Fx Hunter
  • #232
  • Jun 14, 2013 3:09pm Jun 14, 2013 3:09pm
Quoting Eur Usd
{quote} thanks for your comment, I get the point. my point is that I've been testing the system many times and it was giving me way over 3% daily. those times when I failed I failed due to greed and other mental problems mentioned in first topic of the thread and the method itself is ace. my main target now is to get back on tracks of strong mentality (like the first month in my live account has, I was gaining nice profits then) and to keep my trading profitable (or without loses) constantly. I know it is possible, and that's why I keep trying....
You should objectify your discretion (divide your discretion into different skills, and subskills for each skill if needed), and then your emotions will no longer effect them. Emotions have no hold when you finish learning a skill. Noone has fallen off a bike because they were emotional! You shall no longer blame failed trades on something you feel you cant control, you will instead look to improve a certain aspect of your skill set. And the skill set will have nothing to do witih emotions like greed, revenge, etc...


Just my 2 cents....
  • #233
  • Jun 17, 2013 8:22am Jun 17, 2013 8:22am
Don't be emotional about EURJPY , you have put 3 trades against one pair this clouds your judgement , I can see the motion on here.there might be other good set ups elsewhere but because you have put so much at stake on this one , you are never going to see them , besides , if it falls fro here , you will suffer a lot compared to if you had just risked a little .
Keep thinking about our emotions when you do these things , besides , I can see this pair going down in the next few minutes , one big RED candle stick is looming here
  • #234
  • Jun 17, 2013 8:52am Jun 17, 2013 8:52am
Quoting tafadzwa02
Don't be emotional about EURJPY , you have put 3 trades against one pair this clouds your judgement , I can see the motion on here.there might be other good set ups elsewhere but because you have put so much at stake on this one , you are never going to see them , besides , if it falls fro here , you will suffer a lot compared to if you had just risked a little . Keep thinking about our emotions when you do these things , besides , I can see this pair going down in the next few minutes , one big RED candle stick is looming here
you're right. on the end of the day I got over 2% profit today but did behave silly. the point is I can't see signals on other currency pairs today (I watch only 4)
been out of trading for a while so the start was weird. not sure if I will succeed in trading. too stressful, but keep trying
On my way to financial independence - if others can do it - I can do it
  • #235
  • Jun 24, 2013 7:25am Jun 24, 2013 7:25am
You need to put a cap to the number of trades you do in a day OR the amount of pips you can lose in a day .This will stop you losing a lot in a single day Remember

"The market can stay irrational longer than you can stay solvent."
-- John Maynard Keynes

AND

"Those who do not learn from history are doomed to repeat it."

-- George Santayana

  • #236
  • Jun 24, 2013 7:34am Jun 24, 2013 7:34am
true. I just can't trade still. I had almost 5% profit, so I started loosing it. with discipline, 1% loose per trade. till I got to -0,7% profit for today. and then I should stop, and almost did, then I noticed "signal" which was fake, but opened 3 trades i.s.o. one and here we go, same story again, widening s/l and praying ;-)
On my way to financial independence - if others can do it - I can do it
  • #237
  • Jun 24, 2013 7:52am Jun 24, 2013 7:52am
Quoting Eur Usd
true. I just can't trade still. I had almost 5% profit, so I started loosing it. with discipline, 1% loose per trade. till I got to -0,7% profit for today. and then I should stop, and almost did, then I noticed "signal" which was fake, but opened 3 trades i.s.o. one and here we go, same story again, widening s/l and praying ;-)

Is this the Choros System? If so then I think the stops are a bit to much , besides , you need to check again if it really works .This Market is heading towards your stop , and before you know it , you will be regretting why you did what you did.There are so many opportunities , today is Monday you don't need to lose all your capital just because you have made a single mistake .wake up be fore it hits you
  • #238
  • Jun 24, 2013 7:54am Jun 24, 2013 7:54am
no it's not choros, it's my stupidity :/
On my way to financial independence - if others can do it - I can do it
  • #239
  • Jun 24, 2013 8:00am Jun 24, 2013 8:00am
I closed it. back to demo account. no point loosing real cash
On my way to financial independence - if others can do it - I can do it
  • #240
  • Jun 24, 2013 8:05am Jun 24, 2013 8:05am
Quoting Eur Usd
I closed it. back to demo account. no point loosing real cash

1 trader viewing now