Fundamentally, there would be tonnes of reason. For most, if not all actions we do there is surely justifiable reason behind it.
Fundamental can weigh in on all occasions. But it becomes a problem when obvious fundamental info goes against what price does. This will lead to stubborn-ly holding to trades. I would always say if the price would eventually go in your direction and is currently going against you, why can't you take the loss now and enter at this current better price?
If you do that again and again, you will realize slowly that you are wrong. And they say, it's alright to be wrong. My bias is closely linked to the closing price. The whole candle is a fundamental playing field, price can jump, hop, sprint and fly. But at the end of the day, it has to come home to rest.
What you see on the charts are technical. And sometimes I can see, setups for the big moves, they too might be wrong, I can be wrong and charts can be wrong. As long as I can be profitably wrong. It's all good.
Fundamental can weigh in on all occasions. But it becomes a problem when obvious fundamental info goes against what price does. This will lead to stubborn-ly holding to trades. I would always say if the price would eventually go in your direction and is currently going against you, why can't you take the loss now and enter at this current better price?
If you do that again and again, you will realize slowly that you are wrong. And they say, it's alright to be wrong. My bias is closely linked to the closing price. The whole candle is a fundamental playing field, price can jump, hop, sprint and fly. But at the end of the day, it has to come home to rest.
What you see on the charts are technical. And sometimes I can see, setups for the big moves, they too might be wrong, I can be wrong and charts can be wrong. As long as I can be profitably wrong. It's all good.
Always good to be out of the market when things get a little crazy. Minimizing your time in the market is always good. Just like opening your mouth always exposes your intellect for everyone to see and to be judged. Keeping your mouth shut gets people thinking how much this person actually knows...
In profit? get out! Dont wait till you prove urself and everyone that you are right.. You will eventually be wrong.. :)
Hi ryan. Good that you're keeping at it. Never give up.
Just to share, every loss needs time & reflection. If you don't do this, the opportunity will pass and you won't get another chance till your next loss. Till then, I'll never stop rooting for you.
Just to share, every loss needs time & reflection. If you don't do this, the opportunity will pass and you won't get another chance till your next loss. Till then, I'll never stop rooting for you.
Good~
hey man ,my capitalinvestfx is been replaced by.....https://static.mfbcdn.net/portfolio/private-investments/1773963
Alright rob, thank you. :)
New Series on why traders fail: "WTF"... stay tuned... I have done or am still doing these mistakes, just sound advise.. ;P
4) Impatient:
It is good to trade according to what we see but we need to have a confirmation. Sometimes we see an seemingly obvious and outrageous big down candle and we jump in a SELL trade, we did not wait for any sort of confirmation like candle close. As such when we enter we are caught at the extreme low point and before the candle closes, it reverse and creates a obvious and outrageously big UP candle. We know we are doomed. We never expected nor could imagine it can ever be a UP candle, our eyes and impatience deceived us.
It is good to trade according to what we see but we need to have a confirmation. Sometimes we see an seemingly obvious and outrageous big down candle and we jump in a SELL trade, we did not wait for any sort of confirmation like candle close. As such when we enter we are caught at the extreme low point and before the candle closes, it reverse and creates a obvious and outrageously big UP candle. We know we are doomed. We never expected nor could imagine it can ever be a UP candle, our eyes and impatience deceived us.
good luck friend
Hi Ethan,
Cab I know where is the "connect" button on my accounts page.
Pls don't remove that button. It is very important for me. Sometimes myfxbook is late in updating my account, I will click "connect" and the account is updated manually. Pls give me back that button.
Cab I know where is the "connect" button on my accounts page.
Pls don't remove that button. It is very important for me. Sometimes myfxbook is late in updating my account, I will click "connect" and the account is updated manually. Pls give me back that button.
Can*
Hello watchme,
Thank you for your feedback.
Our dev team is working on improving the update system, the button should appear only in a case that the account was disconnected.
If you would like to update your account manually I suggest switching to our EA: http://static.mfbcdn.net/help/connect-metatrader-ea
Thank you for your feedback.
Our dev team is working on improving the update system, the button should appear only in a case that the account was disconnected.
If you would like to update your account manually I suggest switching to our EA: http://static.mfbcdn.net/help/connect-metatrader-ea
Hi Ethan,
I really wished that the connect button remain there. The system is not perfect so it is better leave that button to the hands of the user. We can update our records as and when we like.
Please feedback to your dev team and accede this request.
Thank you,
Fan
I really wished that the connect button remain there. The system is not perfect so it is better leave that button to the hands of the user. We can update our records as and when we like.
Please feedback to your dev team and accede this request.
Thank you,
Fan
Write post...[quote] Someone said something [/quote]
ignored
ignored
only time can answer that question Lion - our job as traders is to prepare game plans for each eventuality and be poised to take advantage of the charts when the time arrives. A better question (that I use when working with traders) is ... What do I need to see on the chart to take a long position and what do I need to see on the chart to take a short position..and WHY - thinking ahead of the trade could improve our decision making -- JMTC
Losers run...
When u have losing trades, there must be a limit to cut them off. This has to be definitive. You must be certain. If you have a stop loss then it's there. If it's based on time, check on time and take the losses like a man.
When certainty morphs into hope, that is clear indication you've lost. So, once you delve into hope, close all trades as you are clearly certain about hope.
When u have losing trades, there must be a limit to cut them off. This has to be definitive. You must be certain. If you have a stop loss then it's there. If it's based on time, check on time and take the losses like a man.
When certainty morphs into hope, that is clear indication you've lost. So, once you delve into hope, close all trades as you are clearly certain about hope.