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Can't Look Away From My Trades
Oct 26, 2017 at 14:39
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11 Replies
Oct 26, 2017 at 15:19
(edited 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
Member Since Dec 11, 2015
1462 posts
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. 😕
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
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.
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.
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
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!
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@
Member Since Nov 30, 2016
11 posts
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!!!
Member Since Dec 11, 2015
1462 posts
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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