What problems are you facing as a trader?

mlawson71 posted:

nivkyy posted:
@mlawson71 Do not you follow a work plan in your trade?

Of course I do. I specifically stated that editing a trading plan should happen when one isn’t mid-trading. If they saw there was a problem, that problem should be analyzed, solved and the trading plan should be updated appropriately.

any proof to show of your trading wisdom,great talker ...small doer

togr posted:

mlawson71 posted:

darrengreg posted:
Failing to plan is planning to fail. This is so true for forex trading.

Emotional trading is one big problem faced by traders. trading is not all about good trading systems and good strategies; emotional management also contributes to one’s success or failure in forex.

True. Take revenge trading, for example. Yes, you've lost money, and now you're trying to recoup your losses at any cost, regardless of the current situation on the market. It's a recipe for disaster.

Yeah. Failing to prepare is preparing to fail...
You can be lucky for short period, even double your account without trading plan, but when your luck disappear...

without a doubt! even luck works for those who works for themselves. Getting emotional in Forex can take you to the roads to ruin

I don't know whether fear that you'll lose money stems from childhood issues. It seems a little far-fetched to me. I mean, children rarely understand the value of money, and that understanding (and the fear that comes with it) develops later on.