Can't Look Away From My Trades

Oct 26, 2017 at 14:39
Vues 540
11 Replies
Membre depuis Mar 21, 2017   posts 6
Oct 26, 2017 at 14:39
Does anyone else have the problem of not being able to look away from an open trade? I often find myself in a daze just watching candles for hours. IDK why it's so intriguing for me, but I just can't look away.
ajackson713@
Membre depuis Feb 12, 2016   posts 427
Oct 26, 2017 at 15:19 (édité Oct 26, 2017 at 15:20)
Yes, I was doing exactly the same thing in the beginning. But you will see it won't last long because you will get used to it 😁 It's nice when you set the candles in your favorite colors
Accept the loss as experience
Membre depuis Mar 21, 2017   posts 6
Oct 27, 2017 at 09:27
Funny you mention that. I make my candles red and gold for my favorite teams colors.
ajackson713@
Membre depuis Dec 11, 2015   posts 1487
Nov 01, 2017 at 15:05
I still have that problem after years of trading and I haven't figured out how to fix it beyond trying to open as short-term positions as I can so I don't stay stuck to the screen all day, or, worse, all night long. 😕
Membre depuis Feb 12, 2016   posts 427
Nov 03, 2017 at 08:54
ReignFX posted:
Funny you mention that. I make my candles red and gold for my favorite teams colors.

@ReignFX - sorry for asking - which are your favorite teams and in what sport? I am just curious as you said one of the colors is 'gold' 😀
Accept the loss as experience
Membre depuis May 17, 2011   posts 19
Nov 03, 2017 at 09:15
Only trading long term - on D1 H4 charts can keep you away from the monitor ... I spend 2h daily by the 'candles' and its enough to earn some 5% monthly
Lack of patience is one of the most important reasons of forex traders failure
Membre depuis Apr 18, 2017   posts 920
Nov 03, 2017 at 14:00
ReignFX posted:
Does anyone else have the problem of not being able to look away from an open trade? I often find myself in a daze just watching candles for hours. IDK why it's so intriguing for me, but I just can't look away.
Frankly, when I was a new Forex trader then it was my main problem but right now, I can hold my trades position more than 1 month, no problem at all! It takes time to adsorb.
Membre depuis Oct 12, 2016   posts 855
Nov 03, 2017 at 14:00
If you can't look away from your open trades then in my opinion there can be any one of the 3 reasons:
1.You are trading just because you love to trade and make money in each and every trade, but you don't have a trading plan for entry and exit .It is dangerous for live account trading
2.Or your trading plan requires you to monitor the trades to check the trade exit conditions.In this case, you need to monitor.
3.Or you are trying to learn,experience and develop new trading systems by watching the candlesticks.This is the learning phase which can be used during demo trading.
Artificial General Intelligence
Membre depuis Apr 18, 2017   posts 718
Nov 03, 2017 at 14:00
ReignFX posted:
Does anyone else have the problem of not being able to look away from an open trade? I often find myself in a daze just watching candles for hours. IDK why it's so intriguing for me, but I just can't look away.

Don’t worry; you are not alone! This is one of the most common issue for the new traders! Eventually everything will be fine!
Membre depuis Mar 21, 2017   posts 6
Nov 03, 2017 at 14:01
TiffanyK posted:
ReignFX posted:
Funny you mention that. I make my candles red and gold for my favorite teams colors.

@ReignFX - sorry for asking - which are your favorite teams and in what sport? I am just curious as you said one of the colors is 'gold' 😀

49ers
ajackson713@
Membre depuis Nov 30, 2016   posts 11
Nov 03, 2017 at 14:01
Mrdegorbi posted:
Only trading long term - on D1 H4 charts can keep you away from the monitor ... I spend 2h daily by the 'candles' and its enough to earn some 5% monthly
And reduce size of order!!!
Membre depuis Dec 11, 2015   posts 1487
Nov 03, 2017 at 15:36
TiffanyK posted:
Yes, I was doing exactly the same thing in the beginning. But you will see it won't last long because you will get used to it 😁 It's nice when you set the candles in your favorite colors

Someone recently advised me to make the bullish and bearish candles almost the same colour too - or even the same colour - so they wouldn't stress me out as much. I am testing that theory at the moment and I think it works, at least partially.
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