Well, I traded demo for about three weeks, had a decent hang of it, and decided to go live.
Here are my depressing resultshttps://www.myfxbook.com/portfolio/forex/392342
When trading demo, I would just look at longer trends, look for a short opposition to that trend, then make my buy or sell in favor of the trend. I didn't use s/l or t/p at the time and it actually worked fairly well, though do note that I had a hard-on for data and charts and a mobile app that let me ignore life and stay actively involved.
When I went live, I was also reading more and more about keeping tight s/l and how managing losses should be prioritized over only thinking about profit. I've never been a get-rich-quick douchebag and I'm naturally pretty patient and a moderate thinker (extremes usually aren't good). I don't mind taking the longer run, so this sounded intuitive and wise to me.
I did just that.
Well, that didn't go well since it kept seeming like my s/l were doing me no good and only holding me back while my t/p weren't firing when they should; I was left with s/l that set off just a little bit too early (right before a reversal in my favor) and t/p that were set just a little bit too far out (a little bit away from the point where there was a reversal against me).
Recently went back to just actively monitoring and making decisions based on that and, well, the market bent me over and showed me who was boss.
So, since I'm sure plenty of you have blown out accounts, fought the frustration, and learned from it (and I do expect to make loss at first to a reasonable degree while I learn), what advice could you offer me? I'm grasping the general concepts. It's the technical application of them that I'm getting tripped up by.