Trading takes years to learn... If your not winning.. STOP NOW.. Go back to DEMO or micro account.
I can not comment on your trades, as I don't know your system, nor do I have a list of your trade rules.
Trading requires independent thinking... So every trade must be your own to truly learn. You will get tons of advice here.. Some from unprofitable traders thinking they can help.. They are actually hurting you. Be careful who you take advice from on here. Trust no one.
1. Seek out training from a proven profitable trader that you connect with their style of trading... Be it fundamental, technical, Elliot waves, Price action, momentum, carry trades, moving average bounces.. I only want to learn from mentors who have made a living for over 10 years trading... If your not connecting with the first mentor... seek another...
2. Find the area of the market you connect with... Specialize in one trade.. back test it 1000 times.. Know how the trade will perform over time. (example win 60% lose 40%). Once you know these figures and you have backtested it 1000 times, you will be more likely to stick with this system, and trust the system.
Keep a journal of your trades and make extensive notes.
3. The biggest mistake I see new traders making is using too much leverage. PISS POOR MONEY MANAGMENT IS COMMON among beginners. (you have to have a big account to make big money), as your account goes up in value your trade size goes up.. If you have a bad week, your trade size has to come down.. This keeps you in the game for a long time.. I'd recommend risking .5 to 1% per trade MAX.. Some would say less.. and they may be right! But defiantly don't risk more then 1%... Money management is more important then your entry or stop or target. There was times when I was learning that for some reason I got off track.. Sometimes it takes months to get back into the swing of things... During this time trades smallest possible lots your broker allows, or go to demo, until you get back on track and are getting consistent wins.
4. Also reading a few books on trading psychology helps.. Learn about Fear of missing out (price jumps 20 pips, so you chase it, just to see it fall back down), fear of being wrong (holding onto losses). Greed (holding onto a winner too long just too see it come back to 0 or trading too large for your account). A lot of trading is just a battle with controlling your emotions and instincts, which often tell the new trader to do the exact wrong thing at the wrong time.
I can not comment on your trades, as I don't know your system, nor do I have a list of your trade rules.
Trading requires independent thinking... So every trade must be your own to truly learn. You will get tons of advice here.. Some from unprofitable traders thinking they can help.. They are actually hurting you. Be careful who you take advice from on here. Trust no one.
1. Seek out training from a proven profitable trader that you connect with their style of trading... Be it fundamental, technical, Elliot waves, Price action, momentum, carry trades, moving average bounces.. I only want to learn from mentors who have made a living for over 10 years trading... If your not connecting with the first mentor... seek another...
2. Find the area of the market you connect with... Specialize in one trade.. back test it 1000 times.. Know how the trade will perform over time. (example win 60% lose 40%). Once you know these figures and you have backtested it 1000 times, you will be more likely to stick with this system, and trust the system.
Keep a journal of your trades and make extensive notes.
3. The biggest mistake I see new traders making is using too much leverage. PISS POOR MONEY MANAGMENT IS COMMON among beginners. (you have to have a big account to make big money), as your account goes up in value your trade size goes up.. If you have a bad week, your trade size has to come down.. This keeps you in the game for a long time.. I'd recommend risking .5 to 1% per trade MAX.. Some would say less.. and they may be right! But defiantly don't risk more then 1%... Money management is more important then your entry or stop or target. There was times when I was learning that for some reason I got off track.. Sometimes it takes months to get back into the swing of things... During this time trades smallest possible lots your broker allows, or go to demo, until you get back on track and are getting consistent wins.
4. Also reading a few books on trading psychology helps.. Learn about Fear of missing out (price jumps 20 pips, so you chase it, just to see it fall back down), fear of being wrong (holding onto losses). Greed (holding onto a winner too long just too see it come back to 0 or trading too large for your account). A lot of trading is just a battle with controlling your emotions and instincts, which often tell the new trader to do the exact wrong thing at the wrong time.
The only system that will work is one designed by and for yourself.