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Beginners - Kill your emotions

mlawson71
Feb 02 2017 at 13:02
1487 posts
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)


I agree. Also, understand that the market is always right. Hoping that it will just turn in your favour won’t make it so.

MC85
Feb 02 2017 at 15:06
48 posts
mlawson71 posted:
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)


I agree. Also, understand that the market is always right. Hoping that it will just turn in your favour won’t make it so.


Yes, totally agree! No place for hope, only for research and analysis based predictions!

Bisulget
Feb 07 2017 at 08:24
14 posts
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)


I guess, running after market itself indicates falling into emotional ocean, which is unallowable for successful trading

mlawson71
Feb 07 2017 at 12:27
1487 posts
MC85 posted:
mlawson71 posted:
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)


I agree. Also, understand that the market is always right. Hoping that it will just turn in your favour won’t make it so.


Yes, totally agree! No place for hope, only for research and analysis based predictions!


I don’t object to hope, actually, I think it’s even good to have positive thinking, but hope alone is not enough.

VickyJones
Feb 09 2017 at 14:39
45 posts
BaldoN posted:
I would also add here: do not run after market. Make your plan for entry and exits and wait market to come to your planned levels (ex. supports or resistances, touch trades if you use MA's etc. - then shot :)


Do you mean to plan without considering the current market situation with the presumption that sooner or later the price will reach your entry level in a trend that you forecasted in your plan?

hjacob
Feb 23 2017 at 10:41
30 posts
Thread is apt. beginners ruin their trading by bringing the emotions in role. It is very much important for the traders to control their emotions while trading. Discipline and self control are very necessary in trading. Beginners usually ruin their accounts initially due to emotions but this seems as a lesson for them to first learn and then trade. Experience is the best tutor and here also it applies well. Controlling emotions is not easy but we must restrain ourselves.

coders (coders)
Feb 23 2017 at 16:02
31 posts

best solution is automated trading:)

Forex Programming since 10 years
togr (togr)
Feb 23 2017 at 18:07
4862 posts
coders posted:

best solution is automated trading:)


It is but not easy for beginners to create or find good system.

coders (coders)
Feb 23 2017 at 20:27
31 posts

You're right, but this is the best solution for people that do not want to look every day for 8-12 hours in the graph, now everything is automatic.

Forex Programming since 10 years
togr (togr)
Feb 23 2017 at 21:28
4862 posts
coders posted:

You're right, but this is the best solution for people that do not want to look every day for 8-12 hours in the graph, now everything is automatic.


I agree, even for professional it is easier to trade via EA

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