I am slowly but surely losing faith in trading , will see how it goes
- #1,902
- Jan 8, 2014 8:55am Jan 8, 2014 8:55am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,904
- Jan 10, 2014 9:02am Jan 10, 2014 9:02am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
{quote} Hey Master Yoda, Losing trades are annoying and frustrating. It is part of the game we play. Keep up the faith and have a winning attitude, positive result will follow. Cheers mate
{quote} GET RICH SLOW. you wanted it too quick. your method may work only in some market situations, and it doesn't fit all market situations. I told you to lower down risk and to be happy of 1% profit a day. you have 3k, with just 1% profit on average over 250 days a year you will end this year with about 35k - don't tell me it's bad for sitting on your arse at work and earning on side while somebody else pays you. treat trading as part time, lower your risk,,blah blah ...
- #1,907
- Jan 10, 2014 2:44pm Jan 10, 2014 2:44pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
{quote} {quote} Its not easy
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On my way to financial independence - if others can do it - I can do it
- #1,909
- Jan 11, 2014 11:32am Jan 11, 2014 11:32am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,910
- Jan 11, 2014 11:55am Jan 11, 2014 11:55am
{quote} That was 2 signals on the same pair .I am sticking to my signals.I closed the trade because it was the weekend , otherwise come monday , I will rebuy them again , 2* 2.7 Lots .that spreadsheet is powerful;
you had 2 signals at the same time and within 4 pips range...if you lower that range to 1 pip, you could say that you had 4 opportunities and add 4 times 2.7 lots
anyway...well done for friday, im just trying to show you that you are not really folowing you spreadsheet
- #1,911
- Jan 11, 2014 12:34pm Jan 11, 2014 12:34pm
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
{quote} hehe...yes of course.. you had 2 signals at the same time and within 4 pips range...if you lower that range to 1 pip, you could say that you had 4 opportunities and add 4 times 2.7 lots
you learned a lot tafa but you are still far from constant profitability. you still lack proper discipline and proper plan. I wrote you what to do and even now when your self confidence is not as high as it was few months ago you still won't listen to me because I have 1 year shorter experience. but you've read only 1 book about markets and built your plan around it, I read so far about 30-40 books, about different markets, different approaches, different points of view on gaining wealth, this plus experience and analysing of my mistakes lead me to point where I know what I am doing. you still seem to be lost. your win rate is 44%, on average profit is 4,6%, loose is 4%, you can see it already you can't be profitable this way and it slowly drags you down, because you are still too greedy, dunno the reason, maybe life situation forces you to do it, but when life forces you to trade you will be doing mistakes, and you will do mistakes when you want to get rich fast. there are no short cuts. good luck
On my way to financial independence - if others can do it - I can do it
- #1,913
- Jan 12, 2014 1:46am Jan 12, 2014 1:46am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,914
- Jan 12, 2014 4:41am Jan 12, 2014 4:41am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
{quote} imo the more signals showing the same direction the bigger possibility of winning but tafa should stick to one position iso opening each position for each signal separately, and never open position if there is only one signal pointing the direction. I observe you tafa and even when I am quiet I still look at your trades almost every day, and I see you have signals constantly - recently less as you are fed up, but it looks for me that you force trades. you learned a lot tafa but you are still far from constant profitability. you still lack...
I made a vow to myself that I am not going o top up anything I will see where this money goes .I am just going to trade my signals whenever I am available.I am no longer emotionally attached to the trades .If the signal says buy , I will .It happened yesterday with GBPAUD , I was not confident of the buy , but I had to do it so that I get rid of a bad habit of choosing which signals I take.
One thing I have learnt is also that the market is crazy and doesn't care it can do ANYTHING .Remember this quote
The market can stay irrational longer than you can stay solvent.
John Maynard Keynes
I guess you have a point on double signals , leaving out one of them is actually a good idea , I was thinking about that myself last few days .
Lets talk about you now
.How is your fire and forget going , you cat trade without a stop loss , I think that's very suicidal .Look at the price you bought this at .You realize that it probably would be this year's high , or even the next 2 years .The market is crazy you now
- #1,915
- Jan 12, 2014 4:42am Jan 12, 2014 4:42am
- | Commercial User | Joined Jan 2009 | 1,490 Posts
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- #1,917
- Jan 12, 2014 8:00am Jan 12, 2014 8:00am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
- #1,918
- Jan 13, 2014 9:49am Jan 13, 2014 9:49am
- | Joined Jun 2012 | Status: trade forex like a sniper | 2,419 Posts
On my way to financial independence - if others can do it - I can do it
