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As simple as possible: 00 level trading

  • #9,821
  • Jul 11, 2014 6:17am Jul 11, 2014 6:17am
Quoting Udine
{quote} ok here my 2 cents.. I dont agree... why? 1. demo trading will help you to train the PDF and BCC part of trading 2. on demo its better to do that than live, because with live trading you add the stress of your money being on the line 3. after the demo, when you have the PDF & BCC, you go to a live account 4. here you trade the smallest lotsize to keep the PDF & BCC but with the added stress of trading real money 5. when you are consistent with the smallest lotsize then you start to trade with regular lotsizes its better to take babysteps...

Can't agree more. Thanks Udine. Great mentor.


Demo ---> good PDF &BCC trainging.

Smallest lotsize ---> regular lotsizes.

take babysteps forward.
Outcome is not important at all, but correct technique is what only matters
  • #9,822
  • Jul 11, 2014 6:20am Jul 11, 2014 6:20am
Quoting GoldCoastFX
GBPUSD SL -10 2nd one for the day {image}

you are joking... look at the spike of that candle... went all the way up to 1.71500... so how come you didnt take TP @ 1.71450 ????

Clearly your doing something wrong here !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #9,823
  • Jul 11, 2014 6:27am Jul 11, 2014 6:27am
Quoting Udine
{quote} you are joking... look at the spike of that candle... went all the way up to 1.71500... so how come you didnt take TP @ 1.71450 ???? Clearly your doing something wrong here !!! Udine
It's not my day today. Won't go into the gory details.
Should have listened to my gut this morning when things started to go haywire, NOT TO TRADE.
Greed took over.
This specific one my platform froze and when I got it going again it was all over red rover.
Live and learn.
Lets WUKAR FIFO!! - Udine
  • #9,824
  • Jul 11, 2014 6:31am Jul 11, 2014 6:31am
Quoting GoldCoastFX
{quote} It's not my day today. Won't go into the gory details. Should have listened to my gut this morning when things started to go haywire, NOT TO TRADE. Greed took over. This specific one my platform froze and when I got it going again it was all over red rover. Live and learn.

get rich slowly instead of broke lightning fast..

Udine
Sleep less, live fast, as it aint gonna last
  • #9,825
  • Jul 11, 2014 6:34am Jul 11, 2014 6:34am
Okay, I start the weekend now, see you next week folks!
  • #9,826
  • Jul 11, 2014 6:35am Jul 11, 2014 6:35am
Quoting Udine
{quote} get rich slowly instead of broke lightning fast.. Udine
Good tattoo for the inside of my eyelid
Lets WUKAR FIFO!! - Udine
  • #9,827
  • Jul 11, 2014 6:42am Jul 11, 2014 6:42am
Quoting GoldCoastFX
{quote} It's not my day today. Won't go into the gory details. Should have listened to my gut this morning when things started to go haywire, NOT TO TRADE. Greed took over. This specific one my platform froze and when I got it going again it was all over red rover. Live and learn.

It is well. Stop trading for the day Monday will be all right.
  • #9,828
  • Jul 11, 2014 6:45am Jul 11, 2014 6:45am
Currently short GU from the 300 level!
Currently short EA from the 700 level!

Lowered position sizing but riskier trades in my opinion.

Prepared to take the risk on these two pairs.

Masterrmind...........
Master your Mind then Master your Trades
  • #9,829
  • Jul 11, 2014 6:50am Jul 11, 2014 6:50am
More on SL 137,800 EJ Shorts
Just so thanks to all
  • #9,830
  • Jul 11, 2014 6:57am Jul 11, 2014 6:57am
All 4 pairs are in love with DO
  • #9,831
  • Jul 11, 2014 7:04am Jul 11, 2014 7:04am
EJ pending short 137.800
GJ pending short 173.500
GU pending short 1.71200

now I go to clean the basement room. hope these orders will make green pips!
My hope has been almost completely shattered, but not completely yet
  • #9,832
  • Jul 11, 2014 7:06am Jul 11, 2014 7:06am
Quoting jeetvirk
All 4 pairs are in love with DO

i know right! grrrr
  • #9,833
  • Jul 11, 2014 7:11am Jul 11, 2014 7:11am
Quoting Udine
{quote} 2 % (& an apple) a day keeps the doctor away.. Udine
With 2% you can pay a doctor a day...
Small disciplines repeated with consistency lead to great achievements.
  • #9,834
  • Jul 11, 2014 7:12am Jul 11, 2014 7:12am
Quoting easygoing
EJ pending short 137.800 GJ pending short 173.500 GU pending short 1.71200 now I go to clean the basement room. hope these orders will make green pips!
So if you are risking 2% on each, you could possibly lose 6% total. Are you prepared for that?
Small disciplines repeated with consistency lead to great achievements.
  • #9,835
  • Jul 11, 2014 7:15am Jul 11, 2014 7:15am
Patience paid off: EJ to TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB
  • #9,836
  • Jul 11, 2014 7:15am Jul 11, 2014 7:15am
EJ to TP. +5
  • #9,837
  • Jul 11, 2014 7:16am Jul 11, 2014 7:16am
Eurjpy tp +5.4
Attached Image
Lets WUKAR FIFO!! - Udine
  • #9,838
  • Jul 11, 2014 7:16am Jul 11, 2014 7:16am
GJ too. + 5 more
  • #9,839
  • Jul 11, 2014 7:17am Jul 11, 2014 7:17am
GJ to TP too.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #9,840
  • Jul 11, 2014 7:17am Jul 11, 2014 7:17am
GJ and EJ to target - done!
Attached Image (click to enlarge)
Click to Enlarge Name: 7.11.14.PNG Size: 91 KB
Small disciplines repeated with consistency lead to great achievements.
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