My mentality - my problem | Page 20 | 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

  • #381
  • Aug 24, 2013 4:56am Aug 24, 2013 4:56am
Nobody ever looses money in forex. True statement. If you don't believe me, here is the proof.
  • #382
  • Aug 24, 2013 4:58am Aug 24, 2013 4:58am
Quoting FerruFx
{quote} I can't believe that It's obvious that you are addicted.

far from it. The only reason I keep trying in forex is will to financially secure my family and to retire earlier than at 65yrs old.
If I had a mortgage free house, decent size retirement fund and college fund for my son I wouldn't bother - honestly I'd live as a happy person
On my way to financial independence - if others can do it - I can do it
  • #383
  • Aug 24, 2013 5:00am Aug 24, 2013 5:00am
Quoting hanover
Nobody ever looses money in forex. True statement. If you don't believe me, here is the proof.
good one, I catch myself on them silly mistakes sometimes
On my way to financial independence - if others can do it - I can do it
  • #384
  • Aug 24, 2013 5:09am Aug 24, 2013 5:09am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting hanover
Nobody ever looses money in forex. True statement. If you don't believe me, here is the proof.
Great one!

My bad on the "loose" wrote earlier ... Now I know and thanks to you. As we all know, French are not so good with other languages
MT4/MT5 EAs/Indicators/Alerts coder
  • #385
  • Edited 5:25am Aug 24, 2013 5:13am | Edited 5:25am
coming back to my trading. I didn't do bad last week, I keep getting back my self confidence, just hope it won't get too high as then higher risk starts due to greed and overconfidence and it is a matter of time ........
I still need to think about s/l.
the way I set it now is I take 7 pips as 1%, but most of the times I manually change it to about 20pips, depending on where the 7 pips is based, I move it or few pips below sma/ema lines, or few pips below round number, or few pips below PA bars so most of the times it is up to 20 pips and it makes nearly 3% - so far I am winning anyway, but was thinking about lowering down the position till 20 pips will be equal to 1% of loss. and it looks reasonable, but collides with my 3% daily profit target as then I will have to catch about 60pips on plus, at the moment all I need is about 30 pips. and I hit my daily profit target (it doesnt stop me from trading when I see more opportunities.) - so I need to think about it and think how to sort it.
Am going for holidays next week, so won't be trading for over a week, will rest, will stay away from internet after I come back I want to test something: I'll keep trading demo as said before, but once for a while (once a week, once per 2 weeks or so) I want to try trading on real account, with 20 pips of s/l at 1% risk - 2 bad transactions and I am out for another 2 weeks, winning day? I am comming back on demo anyway, and after another 2 weeks I try again on live account. it should help me to mentally recover.
On my way to financial independence - if others can do it - I can do it
  • #386
  • Aug 24, 2013 5:15am Aug 24, 2013 5:15am
Quoting FerruFx
...French are not so good with other languages
:nerd:tell me about it
On my way to financial independence - if others can do it - I can do it
  • #387
  • Aug 24, 2013 5:44am Aug 24, 2013 5:44am
Quoting Eur Usd
{quote} :nerd:tell me about it
English is the international Language. Thats why may be Eur Usd compared french language with other languages.
  • #388
  • Aug 24, 2013 8:39am Aug 24, 2013 8:39am
Quoting Jan Price
{quote} English is the international Language. Thats why may be Eur Usd compared french language with other languages.
I have been to France only once for few days on a businesstrip - really nice country, nice landscapes, good motorways, nice polite people, I just had a feeling that nobody wants to speak English
On my way to financial independence - if others can do it - I can do it
  • #389
  • Aug 24, 2013 9:04am Aug 24, 2013 9:04am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Eur Usd
{quote} I have been to France only once for few days on a businesstrip - really nice country, nice landscapes, good motorways, nice polite people, I just had a feeling that nobody wants to speak English
This is well known all over the world that French are the worst english speakers ! This is due to our - very - bad teachers ... While most of the countries learn english with English teachers ... we, in France, learn english with French teachers!
MT4/MT5 EAs/Indicators/Alerts coder
  • #390
  • Aug 24, 2013 9:08am Aug 24, 2013 9:08am
Quoting FerruFx
{quote} This is well known all over the world that French are the worst english speakers ! This is due to our - very - bad teachers ... While most of the countries learn english with English teachers ... we, in France, learn english with French teachers!
On the other hand, I met few French people who had really good English, they were businessmen or Managing Directors. Also met young French lass who could speak fluently English and probably few more languages (plus she was very fit)
I can't remember where exactly I've been as it was about 8 years ago, but there were palm trees, so must have been somewhere down the south
On my way to financial independence - if others can do it - I can do it
  • #391
  • Aug 24, 2013 9:22am Aug 24, 2013 9:22am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Eur Usd
{quote} On the other hand, I met few French people who had really good English, they were businessmen or Managing Directors. Also met young French lass who could speak fluently English and probably few more languages (plus she was very fit) I can't remember where exactly I've been as it was about 8 years ago, but there were palm trees, so must have been somewhere down the south
Of course a lot speak great english. Generally those who did study (university) abroad (US, UK ...). But that's not the majority.
MT4/MT5 EAs/Indicators/Alerts coder
  • #392
  • Aug 27, 2013 2:57am Aug 27, 2013 2:57am
nice morning for me with 61 pips and 5.6% profit - and I am out for today, I just can't be bothered

on H1 after run up there was inside bar, which most likely (not for sure) means continuation of the trend.
on 15m chart price constrain around 10ema, I did one entry, and then after noticing the price obeys 10ema another entry. price went up, I stopped it only because I cannot be bothered and I got my daily target, and the price was hesitating so didn't want to stare at the screen waiting for it's move
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 106 KB
On my way to financial independence - if others can do it - I can do it
  • #393
  • Aug 27, 2013 3:16am Aug 27, 2013 3:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Eur Usd
nice morning for me with 61 pips and 5.6% profit - and I am out for today
See you in few minutes as usual when you will see a new setup !!!
MT4/MT5 EAs/Indicators/Alerts coder
  • #394
  • Aug 27, 2013 3:23am Aug 27, 2013 3:23am
Quoting FerruFx
{quote} See you in few minutes as usual when you will see a new setup !!!

not today ;-)
On my way to financial independence - if others can do it - I can do it
  • #395
  • Aug 27, 2013 3:45am Aug 27, 2013 3:45am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Eur Usd
{quote} not today ;-)
So that's a great new. Your mental is improving ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #396
  • Aug 27, 2013 6:36am Aug 27, 2013 6:36am
Quoting FerruFx
{quote} So that's a great new. Your mental is improving ...
that's not the case - I just don't want to trade today, am too lazy
nice weather outside and am going for holidays in 2 days
On my way to financial independence - if others can do it - I can do it
  • #397
  • Aug 28, 2013 8:55am Aug 28, 2013 8:55am
somehow I can't be bothered to trade the demo, today I was just playing. there is no fear to stop you from making fool of yourself like there is on real cash. I am off for summer holidays, and will read some there. I'll think what to do afterwards. possibly will come back to real account to trade some small transactions of 1/4 of my normal positions

I just didn't treat it serious today.
On my way to financial independence - if others can do it - I can do it
  • #398
  • Aug 28, 2013 8:57am Aug 28, 2013 8:57am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Eur Usd
somehow I can't be bothered to trade the demo, today I was just playing. there is no fear to stop you from making fool of yourself like there is on real cash. I am off for summer holidays, and will read some there. I'll think what to do afterwards. possibly will come back to real account to trade some small transactions of 1/4 of my normal positions
If you can't master your emotion on demo, how will you do on live ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #399
  • Edited 9:31am Aug 28, 2013 9:00am | Edited 9:31am
Quoting FerruFx
{quote} If you can't master your emotion on demo, how will you do on live ?
don't know, its hard

funny thing is I spotted pinocchio formin on m15 but still stayed in long, it could give me 70 pips.
I'll rest and will start again after I come back from holidays.

another account blown ;-)
On my way to financial independence - if others can do it - I can do it
  • #400
  • Aug 28, 2013 7:26pm Aug 28, 2013 7:26pm
Letting losers run I see. If this was live, you've been wiped out again. I saw the stop was moved a couple of times last night, when do you ever learn to respect stops and set aside ego. When it's hits the stop, admit defeat and move on to the next trade.

BTW, I got stopped out of my GBPAUD for a mere 4 pips and reversed right away, but oh well, there is always another trade. That is why risk management comes in, I got stopped out, but the loses were less than 1% and when I have winners, most of the time it covers my loses, so I can sustain those loses even 30 times in a row and still I have equity to go on.
Fear prevent possibilities, and so does Greed
0 traders viewing now