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its happens some times.... help
Nov 30, 2011 at 15:43
1,008 Views
7 Replies
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Dec 01, 2011 at 00:41
Drop your trade sizes fast and keep them low till you start winning.
Dec 01, 2011 at 07:24
There are certain rules that you can create for yourself:
Stop trading for 5 trading days if you had 2 consecutive losing days.
Stop trading for the day if you have had 3 consecutive losers.
Or stop trading for the day if you lost 3% of your account equity (this is called a daily loss limit).
Rules like this can help you survive drawdowns.
Csaba
forex_trader_28881
Member Since Feb 07, 2011
691 posts
Dec 01, 2011 at 08:29
Well, keep trading, just use the smallest units you can, how else you going to know when the game is on again?
Member Since Dec 01, 2011
92 posts
Dec 08, 2011 at 04:23
STOP TRADING! go spend some money on someone or something you care about. trading is Very addictive. Something most will not admit but it's no different then people who are addicted to gambling , casinos and sports betting.
Don't see a losing streak as failure, a losing streak means you have good money management and know when to exit a trade and move on. Your should find someone you trust who will let you watch them trade for a few months. that's the best way to learn. another important thing is you need to have a cut off amount.
That in the event your account drops below a certain amount you will promise yourself to stop trading and withdraw your money from your trading account and shut it down. most people in the forex market will not give you this advise but we are. you should have a rule. (Tell yourself) if i lose half my trading account. you must admit. you are not ready for this yet. go back to demo. read some Investment books, trade stocks. "penny stocks & pink sheets if your money is low" go take a short trip somewhere. but just know when to stop trading. that is a form of self disciplined most people do not have and they keep going until every since Dollar is Gone.
Don't see a losing streak as failure, a losing streak means you have good money management and know when to exit a trade and move on. Your should find someone you trust who will let you watch them trade for a few months. that's the best way to learn. another important thing is you need to have a cut off amount.
That in the event your account drops below a certain amount you will promise yourself to stop trading and withdraw your money from your trading account and shut it down. most people in the forex market will not give you this advise but we are. you should have a rule. (Tell yourself) if i lose half my trading account. you must admit. you are not ready for this yet. go back to demo. read some Investment books, trade stocks. "penny stocks & pink sheets if your money is low" go take a short trip somewhere. but just know when to stop trading. that is a form of self disciplined most people do not have and they keep going until every since Dollar is Gone.
forex_trader_36599
Member Since May 13, 2011
1329 posts
Dec 08, 2011 at 15:05
stop trading for a while. forget about the trades you might win at that period. there will be always BETTER TRADES DOWN THE ROAD.
trade demo. stay sharpen.
good luck
walker
trade demo. stay sharpen.
good luck
walker
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