DislikedOK.... so after a very long break from Forex Factory I have decided to come back and post some of my trades. Been very busy at work and trading (as I mentioned in the first post of the thread - I work for a Forex Broker) Would like to discuss trading and trade ideas to relieve some of the boredom of day to day trading. Any discussion about trading psychology is very welcome as well. Right now I am in some trades, won't help to mention after the fact. But looking to get into some new trades, specifically watching Auzzie Dollar for a short opportunity...Ignored
- #22
- Jun 26, 2013 1:46pm Jun 26, 2013 1:46pm
OK.... so after a very long break from Forex Factory I have decided to come back and post some of my trades. Been very busy at work and trading (as I mentioned in the first post of the thread - I work for a Forex Broker) Would like to discuss trading and trade ideas to relieve some of the boredom of day to day trading. Any discussion about trading psychology is very welcome as well. Right now I am in some trades, won't help to mention after the fact. But looking to get into some new trades, specifically watching Auzzie Dollar for a short opportunity...
OK... sorry for the delay in posting I had a million things to do at work
So the Aussie Dollar trade worked perfect, according to plan, I sold at 0.9330 and bagged 30 pips only .. Why couldn't someone tell me it would drop like 70
Euro short exited at 1.3000 too .
Hope all of you had a good trading day. from now we need to wait and see if Euro can go above 1.3010....
If it does, 1.3080 is possible, otherwise short term target even for today might be 1.2965/70
{quote} OK... sorry for the delay in posting I had a million things to do at work So the Aussie Dollar trade worked perfect, according to plan, I sold at 0.9330 and bagged 30 pips only .. Why couldn't someone tell me it would drop like 70
You know what, throughout my trading journey I said "I figured it out", and then was proven wrong. Then I would say: "no, I really figured it out this time", and same thing over and over.;-) Yesterday I felt like I had a major breakthrough in my trading. But this time i'm not going to say that I figured it out and am going to be a millionaire. Have to test the system for at least a month and with at least 30 trades before making any judgements. But I feel good about it. Cheers.
- #33
- Jan 23, 2014 4:29pm Jan 23, 2014 4:29pm
You know what, throughout my trading journey I said "I figured it out", and then was proven wrong. the system for at least a month and with at least 30 trades before making any judgements. But I feel good about it. Cheers.
How long have you been trading? Are you full time trader or trade on the side?
I have seen literally thousands of traders and I can tell you that every thing said about this market is true... Only a mere, even less than 5% of traders actually make money in forex. This has got to be one of the toughest most mentally challenging environments an individual can try to tackle.
The truth is, there is no one system ,and there never ever will be a system that actually works all the time. Only two aspects are needed to become a profitable professional trader:
1) experience derived from at least 10,000 hours of screen time (yes you need that much !)
2) discipline- under this word I mean proper money management, not being greedy, not being scared, controlling all of your emotions, being able to stay in winners and cut losers, being able to not trade most of the time and wait for the best setups.
These 2 alone and only them will make you rich from trading. It seems so simple and it is simple, it is just very hard for people to manage either one of them...
I can tell you about myself, I still struggle with number 2 sometimes. Most of the time though, I do manage to stay as Mark Douglas said "In the Zone", and I trade without any emotion and with discipline, and I do have more than 10,000 hours of screen time so I can comfortably say that I know what I am doing.
Feel free to drop a line and share any thoughts or trades if you want bro.
Cheers
- #35
- Last Post: Jan 30, 2014 7:29pm Jan 30, 2014 7:29pm
{quote} How long have you been trading? Are you full time trader or trade on the side? I have seen literally thousands of traders and I can tell you that every thing said about this market is true... Only a mere, even less than 5% of traders actually make money in forex. This has got to be one of the toughest most mentally challenging environments an individual can try to tackle. The truth is, there is no one system ,and there never ever will be a system that actually works all the time. Only two aspects are needed to become a profitable professional...
