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Emotional Trading
in
Galvenais
Mar 28, 2011 at 17:08
Is it still possible to slowly recuperate my account to previous levels despite losing half of it's value without injecting more funds? Forex should only involve risk capital and I don't want to risk anything more as of the moment. I think "pulling the trigger like a cowboy" was a result of my desperation to recuperate losses. I did relearn my lesson that this is a business with systems in place not a gambling spree in vegas.
Emotional Trading
in
Galvenais
Mar 28, 2011 at 17:00
I'm a technical trader that uses major trend lines and triangles for a setup with RSI, MACD, and the tick volume to confirm. I honestly have been following my strategy for the first 3 trades I had this day and when a majour trend I thought emerged at my charts I tried to trade it. Worse, I averaged down and bailed out when it broke the trend line. Then all hell broke loose when I pulled the trigger like a cowboy.
Emotional Trading
in
Galvenais
Mar 28, 2011 at 16:49
I just wrecked my portfolio tonight and lost the spirit of trading currencies. Any tips on how to recover from this very expensive learning experience? I'm humbled by what the market did to me and I think I overtraded. I was trading the EUR/USD, going long and short multiple times and I think I was trading a trend I could not even read.
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