the one who told this doing very well.
what he meant is that trader should not give up but work on his trading and mental state.


   xenon posted:
   agree about the trader mind.

but the strongest mental man can not trade with cont loosing. it breaks at some point.
so they both has to come togather.



   Chikot posted:
   Steve, it refers to trader developing like a trader and not giving up despite on set backs. it is not about markets... it is about trader's mind.


   xenon posted:
   good words!

but there is a but;

think that way, if you are marketer you can discuss with your client and you can bring him to your idea. but in the market there is no such chance. will power can not effect market itself(client) in trading. So we need a referance point to trade. I think this must me most common tool that used by most of the traders to find a common point. it can be MA s or some other tools. but should be as simple as possible. then will power will effect our desecions according that ref point.

walker

The time is drawing near. I keep demo trading swing trading only from 4H. So far so good. The first time ever I am going somewhere with positive results trading longer term not day trading.
Just learned that Oanda again can be connected to myfxbook. so, most probably I am going back to Oanda as it provides good money management possibilities for my account size unlike MT4 brokers.
For example. Minimum size is $0.01 on MT4. when i trade e/u , a/u or g/u it might be no problem, also stops might differ. But when i take E/J trade not only stop tends to be considerably bigger but pair is also more expensive and I cannot reduce per pips size accordingly. Hence winning 100 pips on e/u constituting R;R 2:1 which is my usual goal will be negated by say 70-80 pips loss on E/J where it will also be 2:1 R:R but with different stop and goal sizes. Not to mention that even $1000 is a very small account with $0.01 minimum sizing. With Oanda even small account has absolute control of position sizing. I do not like the fact that they increase spread around news but having under capitalized account is much worse.
So, at the end of June beginning of July the show will start again and I will resume building my trading record. This time I will most probably have enough time for long enough to move forward with my trading career.

gotta be ready for chop chop aka. whipsaw too.

Ouch. should have got up earlier.

Steve, no mental issues. Just mistakes. been relying too much on daily chart expecting further drop and I still think it is going to drop. I need to point that my balance on MT4 is only $520 that I trade now. I cannot take proper sized positions... it is nothing as when i start trading live from Oanda I will risk 0.5% on 4H swing trades. here I need to put reasonable stops but minimum size is still $0.01. You see the point. also, you are watching only one account, another one, long term trend following on daily is doing fine, but that strategy has set of rules which I follow. 4H swing is too subjective. I am thinking of entering only one rule. since now on. I am not going against ema's cross. always along on 4H. if I lose current trades next ones will be only along the cross. Mentally I am more than fine. I will also have more time since July, so I have no worries.