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Overconfident
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Member Since Aug 09, 2018 10 posts
Abdielfx
Aug 27 2018 at 07:23
Back4Good posted:
I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson Experience teaches a lot. |
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Member Since Aug 29, 2018 6 posts
diane2000_trader
Aug 29 2018 at 10:44
Abdielfx posted:
Back4Good posted: I became over confident after an awesome week trading. I then increased by Lot size to 1.0 Lot thinking I was going to be a millionaire soon but the markets thought better. I lost a lot. I ended up revenge trading and losing my whole account. Sad times but a useful lesson Experience teaches a lot. Better than anything else, in my opinion |
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Member Since Jun 19, 2018 10 posts
Dandelion
Aug 29 2018 at 10:47
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail
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Member Since Jan 18, 2010 17 posts
Ganapati FX (rey_shooter)
Aug 29 2018 at 11:53
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail agreed with that... learning never ending... lot of education needed to beat the market...knowing your self...your emotion...controlled it...do a consistent is the key in the forex 
Candles always right |
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Member Since Aug 16, 2018 11 posts
GreenTrades
Aug 29 2018 at 11:55
Dandelion posted:
Continuous education plus experience is the key to getting Forex right. No guarantees you will but without that you will definitely fail Very true. Continuous education is more like a theory part which is pretty boring. But if done continuous learning with continuous experience, it becomes interesting plus knowledge is growing fast and may become good trader if strategy + logic + management is good. |
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Member Since Oct 09, 2017 23 posts
estraub
Aug 30 2018 at 06:41
Overconfidence is dangerous.
Trading without knowledge is even more so. Just ask me.   Attachments:
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Member Since Jul 26, 2018 3 posts
clairepips009
Aug 30 2018 at 08:28
estraub posted:
Overconfidence is dangerous. Trading without knowledge is even more so. Just ask me. Right. No knowledge and incomplete knowledge both can be detrimental to our trading prospects. |
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Member Since Aug 31, 2018 12 posts
Scotty888
Sep 02 2018 at 06:12
Overconfidence can be fixed by using a strict trading plan. I insist that my Lot size is a fixed percent of my account. This means that I won't go crazy after a good week
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Member Since Aug 05, 2019 45 posts
jaredtaylor
Aug 12 2019 at 09:34
Don’t get influenced by the results of current trades and events and ignore the past information. This thing will be problematic if your trading is affected by your fixation on your current winning or losing trades.
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Member Since Feb 22, 2011 4823 posts
vontogr (togr)
Aug 12 2019 at 11:26
There is no easy way to consistent profit.
I see it quite often. At the start of trading beginners luck, making 10, 20 or even 50% a week. Trading on demo, being relaxed, trying to apply the same approach to real trading, failing to do so, losses as results and panick. I love my trading robots whose allow me to avoid all that :) |
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