Thank you for the kind words Eddman. Yay I have a properly working computer again!
1) exits points are as stated before, price structure breaks down, AO flips, Price enters the cloud, sometimes just feel I made enough. Today was unuusal because GBP was exceptionally strong.
2) yes there is a gut feeling involved sometimes 90% experience and greed with very little fear. I look at it this way when I enter a trade 3 things can happen, win, lose or draw. My stop loss is set when I enter 20 pips or less I trade single contracts so my loss is limited, and I rarely let my stops get hit and almost always get out for small losses or B/E's. If you are using good money/risk management you should be able to limit your fear levels, add experience and some discipline(avoid over trading at all costs) success follows and fear subsides. Entering a trade is exciting for me.
There is nothing wrong with a small profit and what says that after getting stopped out for a small win, that you can't jump back in if you get another good signal. Never ever hate on a win or even a B/E.
The biggest reason people aren't successful trading is discipline. Many systems work but most people jump from 1 to another. They let losses run instead of
profits then find some one else or thing to blame. The beauty of trading is its all on you.
I'll leave with 2 of my favorite quotes about fear and greed. FDR "We have nothing to fear but fear itself" and Lowell George of Little Feat fame " Don't Bogart that joint my friend pass it over to me"
1) exits points are as stated before, price structure breaks down, AO flips, Price enters the cloud, sometimes just feel I made enough. Today was unuusal because GBP was exceptionally strong.
2) yes there is a gut feeling involved sometimes 90% experience and greed with very little fear. I look at it this way when I enter a trade 3 things can happen, win, lose or draw. My stop loss is set when I enter 20 pips or less I trade single contracts so my loss is limited, and I rarely let my stops get hit and almost always get out for small losses or B/E's. If you are using good money/risk management you should be able to limit your fear levels, add experience and some discipline(avoid over trading at all costs) success follows and fear subsides. Entering a trade is exciting for me.
There is nothing wrong with a small profit and what says that after getting stopped out for a small win, that you can't jump back in if you get another good signal. Never ever hate on a win or even a B/E.
The biggest reason people aren't successful trading is discipline. Many systems work but most people jump from 1 to another. They let losses run instead of
profits then find some one else or thing to blame. The beauty of trading is its all on you.
I'll leave with 2 of my favorite quotes about fear and greed. FDR "We have nothing to fear but fear itself" and Lowell George of Little Feat fame " Don't Bogart that joint my friend pass it over to me"
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