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Live Account Recovered $4200 From $1700 to $5900 (By watchme )
| Gain : | +0.16% |
| Drawdown | 69.27% |
| Pips: | -2116.0 |
| Trades | 1447 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:400 |
| Trading: | Manual |
Live Account Recovered $4200 From $1700 to $5900 Discussion
Feb 17, 2018 at 09:37
Reverse psychology;
Treat your winning trades like your losing trades.
:( When you have a losing trades, you have hope that price will turn around back into your favour. You will have that drawdown so big that it will be too late.
:( When you have a winning trade, you are so tempted to close it so that you can realized the profit. Eventhough it has not reach the maximum profit potential. You are also afraid that you will lose the profit if the price goes against you before you are able to close your trade.
These are some of the main causes people lose in trading, close winning trades prematurely and hold losing trades for longer that you should.
:) Stop Loss places on every trade as an insurance in cases World War 3 or Ecomic Collapse happens and your not at your desk. Taking stop loss should always be on your mind and it is fixed. If certain situation happens, take stop loss automatically. An encouragement could be that you can entee the trade at a better price at a later time.
:) Take Profit target should be placed on every trade to visualize your end goal to help remind you that there is so much more that you can make instead of listening to that instant gratification voice in your head.
-Mr. Fan
Treat your winning trades like your losing trades.
:( When you have a losing trades, you have hope that price will turn around back into your favour. You will have that drawdown so big that it will be too late.
:( When you have a winning trade, you are so tempted to close it so that you can realized the profit. Eventhough it has not reach the maximum profit potential. You are also afraid that you will lose the profit if the price goes against you before you are able to close your trade.
These are some of the main causes people lose in trading, close winning trades prematurely and hold losing trades for longer that you should.
:) Stop Loss places on every trade as an insurance in cases World War 3 or Ecomic Collapse happens and your not at your desk. Taking stop loss should always be on your mind and it is fixed. If certain situation happens, take stop loss automatically. An encouragement could be that you can entee the trade at a better price at a later time.
:) Take Profit target should be placed on every trade to visualize your end goal to help remind you that there is so much more that you can make instead of listening to that instant gratification voice in your head.
-Mr. Fan
Never Give Up or Give In To The Market
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