Splexin's Posts - Page 9

Why I'm Proud of Myself (Now) في المتداولون الجدد May 20, 2011 at 11:54

Yes, that's essentially what it means. And I have no idea why I'm doing it to myself, but I do have a string of issues it could be related to. lolUPDATE: Bailed ship on a good EUR trade that will likely keep going but had touched a Bollinger band on an hourly and issued a bullish cross on a daily. Needless to say, I'm happy because I bagged more than twice my SL in profit.Currently down ~4 pips in another trade, but the diagnosis looks good on that trade and just need to be patient.Overall, now the account is only down -5.3%. So I very may well erase my losses this week and get int...

Why I'm Proud of Myself (Now) في المتداولون الجدد May 18, 2011 at 15:04

Yeah, not taking my time and going too fast is what got me into this drawdown in the first place. It's funny because I will gain 20% in a week but give it back in 20 minutes. I am really getting tired of that happening so now I'm taking it easy lolAs far as the 2% risk per trade, I think that is a reasonable amount. Because my account is fairly small, the R/R for anything smaller wouldn't be worth the time or effort IMO. If I had a larger account then I might use 1%Right now I am aiming for risking 2% and gaining 4% per trade. So far it's working out OK. Because I had 2 winners...

Why I'm Proud of Myself (Now) في المتداولون الجدد May 18, 2011 at 13:19

I use a position sizing calculator that only risks 2% per trade. My biggest losses have occurred either because I entered the wrong number or I was foolish and did not use it. My recent losses were just losers, nothing to do with bad position sizing.Had a winner last night so I'm back to -9.6%. Maybe should've waited to see if it would run (it will be my luck if it does), but EUR/USD has a bullish daily and I'm not comfortable trading against it.

Why I'm Proud of Myself (Now) في المتداولون الجدد May 18, 2011 at 03:29

Yikes, stopped out AGAIN on a trade I had confidence on.Down ~13% man this sucks, I'm pretty much giving back my gains from the 15th 😞I'm not trading "wrong," I am following my system to the dot-- I guess news or something is messing with the markets?

Why I'm Proud of Myself (Now) في المتداولون الجدد May 18, 2011 at 01:51

Two losers in a row. Should've taken profit on my GBP/USD trade knowing big reports were coming. Ah well.Back down 11.20%, hope to get back to 7.5% within the next trade.(TP are twice the SL)

Clean up all the systems on this site. في عام May 16, 2011 at 19:57

Exactly! This is the only reason I am here.The personal critique Myfxbook that allows you to perform on your own trading makes it worth the visit. In fact, I do not have my system public because I am not here for everyone else's praise or rebuttal. lol

Why I'm Proud of Myself (Now) في المتداولون الجدد May 16, 2011 at 17:59

UPDATE:Seems I trade best when I'm asleep lol...made 164 pips last night....now only down 7.5%Hope to clear my losses by the end of this week!

Why I'm Proud of Myself (Now) في المتداولون الجدد May 13, 2011 at 19:50

No ramble Intu, thanks for taking the time to write.I didn't erase the system from MyFxBook...it is still there....but I do not make my systems public. This may sound odd but I have social anxiety and I think I would feel performance anxiety if I had everyone else peeping on me and my trading.I'll say a couple of things to what you said--Yes, I guess I do have an 'edge'. As I've mentioned in this thread and elsewhere, I managed to erase all my losses at one point-- 25% of the account! That is very difficult. But I had a good 2 weeks (up until this morning). I have been maki...

Why I'm Proud of Myself (Now) في المتداولون الجدد May 13, 2011 at 10:13

I give up for the night.......it will take me another 2 weeks to erase those loses......but I can't give up....sigh. I thought I learned my lesson 2 weeks ago but guess not! That or I need to learn to trust my first instinct and stop doubting myself!

Why I'm Proud of Myself (Now) في المتداولون الجدد May 13, 2011 at 10:02

Ugh....I nearly erased half my losses but then the price turned against me (oh and guess what, it ended up going my way after that!!!!) and I chickened out with only a few bucks profit.......I wish I had a time machine to go back about 6 hours....... 😳

Why I'm Proud of Myself (Now) في المتداولون الجدد May 13, 2011 at 09:18

It's kinda funny.....about an hour before the EUR took off I told my whole family that it was going to go up at least 100 pips....and I was going to take advantage of it.....But then when it started happening, a doubted myself and kept entering and exiting trades. Completely out of control. It's crazy, because here I knew what was going to happen and had a trading plan for it, yet I didn't follow through with the plan.

Why I'm Proud of Myself (Now) في المتداولون الجدد May 13, 2011 at 07:39

**** OK take that back, stupid emotions just got ahold of me.....as well as impatience....tried scalping, got ahead $30 and was ready to quit but "No," my head told me, "Let's try to get a little further!" So I did and guess what? Erased all my gains for the week and back down 12%.....and what's even worse....I think the market is teasing me....because had I WAITED I would've gained much MORE......ugh!!! Now it's going to take me another week just to break even 😞Emotions, emotions, emotions. I hate them! lol

Why I'm Proud of Myself (Now) في المتداولون الجدد May 11, 2011 at 20:10

Hey everybody, just wanted to let you know that I have successful erased ALL my losses and am in profit now!!! Wooohooo! I am so thrilled at how my trading has evolved recently. Before, when I was reckless, my losses would only grow worse. But now I think I "get" it. I know it's a long road to success, but given my new-found ability to stay in the game I think I have a pretty good shot at this!😄

Why are you trading? في عام May 06, 2011 at 23:17

I was motivated to join Forex after discovering that I could make more profits in less time and with less money than trading on the stock market. I remember the first time I traded on demo I made $5,000 in about 10 minutes. "Wow this is easy!" I thought. lolBut then I began trading live-- I did have a system to follow but my emotions crept in all the time, and I didn't really have a money management strategy. I would constantly trade at maximum leverage, making great profits but worse losses. I would then have to resort to trading Oanda's "price box options" (essent...

Why I'm Proud of Myself (Now) في المتداولون الجدد May 05, 2011 at 21:20

P.S. If you want to know what stocks I made the 400%--- back during the peak of the stock crash I purchased $300 worth (all I could afford at the time) of AIG @ $0.40(?)/share and PNX at $0.33/share. I made about $150 on AIG, but PNX was the big winner-- it rocketed to nearly $5.00 but I got out when it was around $3.50. Both companies have been around for ages and I knew AIG would be bailed out.Had I had about $5K to invest at the time I would've come out with $75K at the end of those 3 months.What goes down must go up!

Why I'm Proud of Myself (Now) في المتداولون الجدد May 05, 2011 at 19:23

Had I been awake at 5 AM my time I could've doubled my account already...LOL @ EUR/USDAh well, steady wins the race!

Why I'm Proud of Myself (Now) في المتداولون الجدد May 05, 2011 at 04:48

My bad.....$20 milllion......lol

Why I'm Proud of Myself (Now) في المتداولون الجدد May 05, 2011 at 04:41

That was on demo. Now that you remind me I probably should've never mentioned it. I turned $50K into $14 million in less than 1 hour. It was a fluke. I achieved this by recognizing a minute delay between my demo broker and a real-time feed. I was just curious to see how much I could rack up. On a live account the delay would not exist.I have never traded live with more than a few grand. But I am going to see if I can double my account every month by setting a goal for every week every day etc. It can be done. I traded stocks and gained 400% in 3 months on a live account. Obviously forex is...

Why I'm Proud of Myself (Now) في المتداولون الجدد May 05, 2011 at 02:21

Thanks! Yeah I thought I knew a lot, but the more I trade the more I realize there is so much I don't know. lolYes, I will be staying out of the markets the remainder of the week. I think it's great to end a week strong and early so I can go into next week feeling refreshed and ready for more adventures. Usually I avoid NFP trading unless I can catch a breakout and use extra-small position and SL. But I definitely plan to sleep in late tomorrow :)I do have a couple limit orders open right now but they are far from being hit and will be expiring in the next 2 hours.

Why I'm Proud of Myself (Now) في المتداولون الجدد May 04, 2011 at 17:22

Last fall I blew my entire account thanks to a non-existent money management strategy. That and emotional trading-- staying up for literally 24 hours watching every market tick etc etc but still missing the big moves whenever I napped. Needless to say the market really taught me a lesson and I exited Forex with my tail tucked between my legs.Two months ago, I became interested in Forex again and got together another small pile of cash. But this time I was determined to do things right. So I spent one month doing nothing but "reeducating" myself, watching Forex videos and reading guid...

EURUSD	1.15235	GBPUSD	1.34579	AUDUSD	0.70239
USDJPY	159.665	USDCAD	1.3999	USDCHF	0.80525

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