paddleplus posted:
   I spend more time then I should maybe a hour or two a day total looking for possiable set ups and reading the blogs with all the great EA's that will make you rich over night. I always thought that I could not manuel trade because I have a fultime job also raising a family. Well I am finding out that I enjoy manuel trading more all the time and by not watching the market hour after hour I do better. It takes me about 5 minutes or less to scan over nine or so pairs to see if there might be a set up coming that that I like. I will glance at the market when I can. Hey and if I miss some no big deal I did not lose money, ther will always be more trades and it gives me a chance to see how the market is reacting. I have tried and am still trying many EA's yet there is nothing more fun then fishing for pips manuely. But hey different strokes for different folks. What counts is that you are having fun and enjoying it or why bother.
Pip On
Paddleplus


I see. It sounds like it's also your hobby during which you have fun and relax and I feel the same. It is definitely much less stressful when it is not your main income.

EA sir

TheLastBear posted:

Very well. I hate it when I have a trade going and away from the pc. You can get almost obsessed with the market and look for any time when you can check up with your trades (mobile device, internet cafe, etc'). Do you experience the same sometimes?


No, I don't really anymore. When I started out yes I would keep checking but now after I enter my trade and place the S/L and T/P I simply don't worry about it anymore.


Is that because you're system is working? Or because you stopped being nervous with open trades? I seem to always worry about trades, especially if they're in the red.

James_Bond posted:
[
Is that because you're system is working? Or because you stopped being nervous with open trades? I seem to always worry about trades, especially if they're in the red.


There is a lot of talk about trading mentality and I'm inclined to believe its true, but very few are able to practice it. If you've back tested, forward tested, done the statistics and covered all your bases, you'd know that its normal to take a loss.

Theres nothing wrong with worrying, and feeling the impulses, but sticking to your guns, and following through your trading plan is essential to getting the results you've seen in the tests (which should be positive, if you're already trading live). You may deviate from the plan, and get luck once, twice and maybe even three times, but in the long run ... results may vary.

lkwong posted:

James_Bond posted:
[
Is that because you're system is working? Or because you stopped being nervous with open trades? I seem to always worry about trades, especially if they're in the red.


There is a lot of talk about trading mentality and I'm inclined to believe its true, but very few are able to practice it. If you've back tested, forward tested, done the statistics and covered all your bases, you'd know that its normal to take a loss.

Theres nothing wrong with worrying, and feeling the impulses, but sticking to your guns, and following through your trading plan is essential to getting the results you've seen in the tests (which should be positive, if you're already trading live). You may deviate from the plan, and get luck once, twice and maybe even three times, but in the long run ... results may vary.


I agree, but it's not like I control it, do I? If my brain decides to worry, than I have no choice but agree