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JenalAripin
Nov 09 2015 at 07:26
10 posts
CrazyTrader posted:
When you have a real goal, a plan to achieve.
You don't get euphoria because you got one good trade.... it just a little part of it.


It just a part of your struggle (for newbies in his trading journey) because the process is not that easy as you thought...

CrazyTraderfx (CrazyTrader)
Nov 09 2015 at 07:35
1717 posts
JenalAripin posted:
It just a part of your struggle (for newbies in his trading journey) because the process is not that easy as you thought...


Thx so much for sharing your little experience with me.

By the way, I'm now on Step 2 of my plan...

Enjoy.

HolyGrailPTY
Nov 10 2015 at 08:12
120 posts
snapdragon1970 posted:
How do I know if I'm a trader or a gambler?I ask myself these questions before I trade each day?

Are my winning trades larger than my Losing trades?
Do I keep open positions on losing trades even when I know I'm wrong?
Am I using a stop loss?
Am I chasing the market for every position?
Do I trade just before news releases?
How do I feel after a winning trade?over confident,confident or neutral.
Do I double up when I have lost?
Are my targets for profit to high?


Be lucky.


https://www.investopedia.com/articles/basics/10/investing-or-gambling.asp

HolyGrailPTY
Nov 10 2015 at 08:20
120 posts
kricka posted:
Cool, I will read up on it. The question is will more accounts give more protection as you say then a single account? Too early to tell until I read more about it.. :).


 I would agree that if you have more accounts, and those accounts protect the proceding one then you run a higher chance to have net profit daily, compared to have all the funds in one account. Of course, money management plays a role in how you use those accounts. Yet if you have a system which is built on accuracy, then using say 10 accounts would be much wiser then having a tilt monkey trader who has a floating losses, and puts a big lot size to recover the loss.

kieran (snapdragon1970)
Nov 10 2015 at 08:20
1944 posts
Figures I got for trading ,80% fundamental 20% techinal ,using techinal at the end for entry points,makes sense.

"They mistook leverage with genius".
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