watchme's Feed
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watchme
watchme 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. 

Nov 07 2016 at 07:58
watchme
watchme 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...
Nov 03 2016 at 19:24
watchme
watchme In profit? get out! Dont wait till you prove urself and everyone that you are right.. You will eventually be wrong.. :)
Nov 02 2016 at 01:40
watchme
watchme 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. 

Oct 20 2016 at 15:38
crystal711
crystal711 Good~
Oct 26 2016 at 12:01
rob559
rob559 hey man ,my capitalinvestfx is been replaced by.....https://www.myfxbook.com/portfolio/private-investments/1773963
Oct 11 2016 at 18:43
watchme
watchme Alright rob, thank you. :)
Oct 13 2016 at 11:40
watchme
watchme New Series on why traders fail: "WTF"... stay tuned... I have done or am still doing these mistakes, just sound advise.. ;P
Sep 05 2016 at 12:07
watchme
watchme 1) We do not have discipline, we create a plan to trade, that's good. But: 1.1) Keeping to the plan after entering the trade is quite a challenge, the longer you are in the trade, the more prone you are changing your initial plan. 2.1) Keeping to the same plan over and over again is also difficult. If you have executed Plan A over and over again, closing trade after trade in profit or in loss, you will get tired of it over the long run. You will suddenly trade Plan X and Y and that is when you lose all your money.
Sep 05 2016 at 12:25
watchme
watchme 2) Over-leveraging:
2.1) We might over-leverage because of mindset. We have a mindset of getting rich quick, we really want to turn $100 to $1000 overnight, we really believe we can do it so when trade turns against us, we quickly lose our money.

2.2) We might over-leverage because of revenge, we lost trades over and over again, so we need to re-gain all that losses, so we risk more to gain more, and again, when our trade goes against us, we lose our money faster than expected.
Sep 05 2016 at 12:43
watchme
watchme 3) Instant gratification:
If we are always right in trading, we might not have this problem, but the thing about trading, you can never be 100% correct, so you are bound to have losing trades. When you have too much of losses, you want to just be right at least once or a bit. So when our trades gets a little bit into profit, we will close it. As such, the profit will be a little bit. We do not do the same with losing trades, we try to wait it out, hoping that price will come back, or giving the trade "some room" before it will move in your direction. Over time, the losses will overcome the tiny profits and we will again lose our money.
Sep 05 2016 at 13:42
watchme
watchme 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.
Sep 05 2016 at 13:43
g8invest
g8invest good luck friend
Feb 09 2017 at 08:07
watchme
watchme 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.

Aug 29 2016 at 06:46
watchme
watchme Can*
Aug 29 2016 at 06:46
watchme
watchme 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://www.myfxbook.com/help/connect-metatrader-ea
Aug 30 2016 at 06:37
watchme
watchme 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
Aug 31 2016 at 06:50
watchme
watchme Write post...[quote] Someone said something [/quote]
ignored

Jul 31 2016 at 06:43
watchme
watchme 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
Jun 17 2016 at 07:38
watchme
watchme 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.

Jun 08 2016 at 14:57
Current Account (YoY) (1h 24min)
EU’s Moscovici: European Commission does...(1 min ago)
EURUSD 1.15371 GBPUSD 1.30869
USDJPY 112.748 USDCAD 1.30916

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