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Additional Username
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Joined Jan 2013
|100 Posts
Most of my losses have come from overbetting and abusing thin markets. Most of them were the result of paying off huge spreads and getting cornered into consolidation phases on smaller Tfs as M1-M5. Most of them were closed at 2-3 pips in minus. You may ask: why do you scalp currencies if you can’t figure out trending or B/O situations? That’s a reasonable question. Even if I could figure out this stuff, my time was limited to certain hours. I knew I was busy. I didn’t know that being smart enough to beat the market was a different topic. So what’s smart enough to beat the market guys? It’s mostly when math idiocy hasn’t been glued on your forehead.
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Additional Username
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Joined Jan 2013
|100 Posts
Every time you punch yourself in the head, because of wrongdoing things, a city sticker gets glued to your head: „I’m an Idiot; this is what I paid for it; it’s valid through the end of the year; wish to renew, hopefully will get a discount next time!” Struggle is what I paid for. So what does your shopping cart look like?
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Additional Username
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Joined Jan 2013
|100 Posts
This account is a small fraction of my working capital. That’s why I decided to gamble it into a better % of my money overall. It didn’t work out, to my surprise. Now what afflicts me is that after years and years of trading all kind of markets and things most of you never heard of, I’ve never had a downswing to such a devastating %. My instinct is at work. I’m a survival baby! I gotta recover my losses. This is why I started this thread.
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Additional Username
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Joined Jan 2013
|100 Posts
They build up some confidence. They are smart by nature. They do well in school or they are street smart. Sooner or later, they discover tons of money can to be made by trading x or y stuff. Everyone gets the virus. Some are able to replicate instantly who cares what trading system performance does well in a given month. Other work their ass for years, demo-trading, back-testing, all that crap, until they feel the deal. They all are confident, we all, I mean.
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Additional Username
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Joined Jan 2013
|100 Posts
Confidence is good. It makes you feel better. Losing money is a different thing. It’s like losing a dear one. It’s not up to you. Like in real life, it’s not up to you. Losing money happens. It happens more frequently if you are stupid. Losing money and here you are mourning for it. Stupid is being confident that you won’t lose. Losing money + losing confidence = you’re dead. Peace!
