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Posts by forex_trader_21030
Why I'm Proud of Myself (Now)
in
New Traders
May 25, 2011 at 17:45
Share your performance. Let others see what you are doing.You will receive praise (and criticism), but it will help you evolve.Others have gone through the same trials and difficulties.Reading your posts, it feels like you are on an "emotional rollercoaster",I only think that because I have experienced something similar.Either way,Good Luck!
Why I'm Proud of Myself (Now)
in
New Traders
May 13, 2011 at 17:14
Sorry, one more thing...You are trading too big. These swings are too large.Because you have erased your system from Myfxbook.com, I can't see what you were doing.After looking at my trading over a long period of time... 5% loss is a big 'hit' for me. It may take a couple days to make that back. I would suggest not losing more than that on any given day, until you become more consistent.Take a few days off, come back the middle of next week.If there is no news and things aren't 'crazy', try to find a few of the best trades during your trading session.Book a profit. St...
Why I'm Proud of Myself (Now)
in
New Traders
May 13, 2011 at 17:03
Don't do this, ever. Don't talk about trading with family, friends, etc. they have no idea what you are really going through anyway. Save trading discussion for the forums, otherwise it 'messes with your head'.Don't critique your results based upon what happens after you get out of a trade or after you stop trading for the day.Likewise, don't say 'I should've stopped trading for the day'. You take trades because of your system/method, either they are valid or not. You don't avoid VALID trades because you are 'up xxx pips for the day'.Set your ...
Victor
in
Trading Systems
Apr 24, 2011 at 17:54
Victor took losses on trades from 2/26 to 3/9/10 (held for 10 days) of -12%, -9.75%, -7%, and -5.5%. These were individual trades. Four trades totaling losses in excess of 33% of the account. Obviously, other positions were "on" to hedge or offset the losses at this time. Still, huge risk is taken. Don't be fooled.Also suspect is that no trading was done for a six month period between Mar 24, 2010 and Aug 17, 2010. It is possible that performance datasets are manipulated with "unknown" brokers, it has been done before.This six month period could have been a period of...
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