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EUR/GBP
Anggota Sejak Dec 10, 2017
210 pos
Anggota Sejak Nov 30, 2016
11 pos
Anggota Sejak Sep 12, 2015
1948 pos
Jan 09, 2018 at 15:54
(diedit Jan 09, 2018 at 15:54)
Anggota Sejak Dec 11, 2015
1487 pos
snapdragon1970 posted:
88 looks like the first real support,I was checking out some stocks today,big discount on Gopro as they decide to leave the Drone business.
I agree. I think it may fall below 0.8800. I will short again if it does.
Anggota Sejak Sep 12, 2015
1948 pos
Jan 10, 2018 at 16:16
Anggota Sejak Sep 12, 2015
1948 pos
I'm just trading Eur/USD for now ,at the moment signals are mixed for Eur/Gbp unless I see something extreme safer to trade other products,I'll post if I see anything of interest.Take each trade as a 50/50 bet that way you will be more inclined to keep your stop as close as possible.
"They mistook leverage with genius".
Jan 12, 2018 at 13:15
Anggota Sejak Dec 11, 2015
1487 pos
snapdragon1970 posted:
I'm just trading Eur/USD for now ,at the moment signals are mixed for Eur/Gbp unless I see something extreme safer to trade other products,I'll post if I see anything of interest.Take each trade as a 50/50 bet that way you will be more inclined to keep your stop as close as possible.
I hope you managed to open a long, EUR/USD is through the roof.
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Anggota Sejak Sep 12, 2015
1948 pos
Jan 14, 2018 at 17:09
Anggota Sejak Sep 12, 2015
1948 pos
Every trade is a role of the dice,only way we stand a chance is to protect our capital with small losses so when we get it right we capitalize,being right or wrong isn't that important ,sticking to our plan is.
"They mistook leverage with genius".
Jan 15, 2018 at 16:11
Anggota Sejak Dec 11, 2015
1487 pos
snapdragon1970 posted:
Every trade is a role of the dice,only way we stand a chance is to protect our capital with small losses so when we get it right we capitalize,being right or wrong isn't that important ,sticking to our plan is.
That much is true, certainly.
Sometimes I wonder what is worse: multiple small losses or one big loss.
Anggota Sejak Sep 12, 2015
1948 pos
Jan 15, 2018 at 16:42
Anggota Sejak Sep 12, 2015
1948 pos
Easier to deal with small losses that way we don't get emotionally attached as much ,big losses knocks your confidence which encourages revenge trading,doubling up is a common problem too,if we have a big loss we stop for the day or reduce the trade size to minimum.What most retail traders do is try to catch a few pips with huge stops or no stop.It takes time to form the right habit,but its not to difficult to teach,I know some professional traders that get someone else to set there stop loss limit or its set automatically.
"They mistook leverage with genius".
Jan 16, 2018 at 16:24
(diedit Jan 16, 2018 at 16:24)
Anggota Sejak Dec 11, 2015
1487 pos
snapdragon1970 posted:
Easier to deal with small losses that way we don't get emotionally attached as much ,big losses knocks your confidence which encourages revenge trading,doubling up is a common problem too,if we have a big loss we stop for the day or reduce the trade size to minimum.What most retail traders do is try to catch a few pips with huge stops or no stop.It takes time to form the right habit,but its not to difficult to teach,I know some professional traders that get someone else to set there stop loss limit or its set automatically.
In my case my confidence takes a hit either way. Multiple small losses one after the other erode it gradually, a big loss breaks it suddenly, but the end result is the same. :(
Anggota Sejak Sep 12, 2015
1948 pos
Jan 16, 2018 at 19:59
Anggota Sejak Sep 12, 2015
1948 pos
Do the maths to see which trades are easier to recover from ,small losses chip our confidence a little,that's part of trading for even the best.Although leaving us still able to make reasonable judgement's.I know when I trade I will have maybe 2-3 small losses daily,some days I will do 1 trade and profit,I don't know which days I will win or lose,but I do know what my max loss will be for a set day.What catches a lot of traders is they need to let those winning trades run as much as possible or we are defeating the purpose of putting on the trade in the first place.
"They mistook leverage with genius".
Anggota Sejak Sep 12, 2015
1948 pos
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