The last few weeks were exceptionally hard on my accounts. I also saw some pretty stable accounts of other traders go bust. I was testing some new ways, which did well for weeks and then ....BOOM...out of the blue false signals were produced and I acted on them. Too many stoplosses were hit and just more and more false signals came out. Some of my real accounts suffered unrecoverable (in short term) damage. Did you guys also experience hard times?
Yes, the usual ups and downs are fine.. I can cope with that, but I would like to know if anyone experienced 'exceptional' difficult times in the very recent past or just me? Or did my accounts buckle with the usual ups and downs?
I have since last week like 90% loosing trades and normally i got always around 80% winning trades. I even almost grilled one of my accounts last week because i got demotivated and angry and wanted to earn fast the lost money back so i traded big lots. Usual beginner mistake 😁
Have as well a feeling like i have now a bad period. Maybe its the best to just go to vacation or just concentrate on something else when you think you got a bad period and just relax for a while and think about something else and try it a while later again 😄
RSTrading posted: ....BOOM...out of the blue false signals were produced and I acted on them. Too many stoplosses were hit and just more and more false signals came out. Some of my real accounts suffered unrecoverable (in short term) damage.
Practically in the forex, we all know that fiinding a good forex signals provider that will work well is not easy. Experience has shown that the Internet is full of unreliable third party signal providers who boast very attractive websites with high subscription service rates and testimonial references which could you get you believing but still is not worth it. Here is an advice I will give you: when you are convinced that you have found a potential good forex signal service provider, make sure that they should present to you their last trading history results. It is punishable offence of they give you information on this that is not true.And most importantly, a reliable signal provider wouldn't be reluctant to give you a free trial.
We're in trending markets. Mean return systems will fail. All my position building systems have literally exploded. You should try have both in the market at all times. There are really only two systems you can do, regardless of how you do it.
You can see below exactly where the trending started here. I was wafting around and then all of a sudden...
It does look a bit rough, but I think that was due to that NZD spike. That was a very unusual event. Doesn't happen often.
And here's my mean return, between these two I can pinpoint the change closely, 21-22 Aug the market started trending.
It will recover in due course when the markets return to ranges. Then the trending one will flatline again. And so it goes. Just keep making sure you have systems running for both markets and that way you won't have to do threads like these.
Regardless of the loss here, I'm up 30% net in 2 weeks. Position building systems don't build positions in mean return markets, but they are frustrating as hell to watch. So this way I always have something that's working.
The idea is to hedge systems. Not trades or positions.
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