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Beginners - Kill your emotions

snapdragon1970 (snapdragon1970)
Jan 05 2017 at 20:30
1944帖子
I know the person who owns it, I use my own program to do something similar.

"They mistook leverage with genius".
yumpio
Jan 05 2017 at 20:35
25帖子
@snapdragon1970 You talk about chasingreturns.com?

yumpio
Jan 05 2017 at 20:36
25帖子
snapdragon1970 posted:
I know the person who owns it, I use my own program to do something similar.


If you do it yourself it is better.

snapdragon1970 (snapdragon1970)
Jan 05 2017 at 22:38
1944帖子
yumpio posted:
snapdragon1970 posted:
I know the person who owns it, I use my own program to do something similar.


If you do it yourself it is better.

Yes some work involved to set it up but worth it.

"They mistook leverage with genius".
Pumentio (Pumentio)
Jan 08 2017 at 07:51
12帖子
@romat emotions cannot be killed. Emotions is the inner side of us, it is the thing that makes physics move. Each sales manager would tell you that the biggest purchases are done under emotions. Having emotions killed, you will lose drive that makes you trade and get profits. And surely one doesn't have switch on/switch off lever, emotions is the integrate part of our living being. So if you experience them while waking up or having breakfast, you will experience them while trading as well. Our goal is just to use them right.

mlawson71
Jan 08 2017 at 11:18
1487帖子
Keeping a level head is not the same as killing one’s emotions, it’s simply learning self-control for one’s own good.

PriceAction13
Jan 14 2017 at 15:51
58帖子
Very true, most of the new Forex traders lose their 1st trading balance since they don’t know how to make dealing with emotions and greed! In addition, I see they always begin their trading process with unrealistic trading result like 100%, 200% monthly profit even more! By the way, if you want to protect your trading capital then please makes a restricted trading plan first and then execute it!

To change your trading result, just change your thinking.
mlawson71
Jan 15 2017 at 12:06
1487帖子
PriceAction13 posted:
Very true, most of the new Forex traders lose their 1st trading balance since they don’t know how to make dealing with emotions and greed! In addition, I see they always begin their trading process with unrealistic trading result like 100%, 200% monthly profit even more! By the way, if you want to protect your trading capital then please makes a restricted trading plan first and then execute it!


And then they often lose the 2nd and the 3rd too. 😞

xgavinc
Jan 16 2017 at 11:33
235帖子
mlawson71 posted:
PriceAction13 posted:
Very true, most of the new Forex traders lose their 1st trading balance since they don’t know how to make dealing with emotions and greed! In addition, I see they always begin their trading process with unrealistic trading result like 100%, 200% monthly profit even more! By the way, if you want to protect your trading capital then please makes a restricted trading plan first and then execute it!


And then they often lose the 2nd and the 3rd too. 😞


I think I'm on my 12th or 13th over 6 years (if not more) 😀

Each one has a valuable lesson learned and shows that one should never give up, but also be realistic about what capital you use to fund your accounts. If you have $1300 available, fund with only $100, don't start with a $1300 account.

For every loss there should be at least an equal and opposite profit.
mlawson71
Jan 17 2017 at 11:47
1487帖子
xgavinc posted:
mlawson71 posted:
PriceAction13 posted:
Very true, most of the new Forex traders lose their 1st trading balance since they don’t know how to make dealing with emotions and greed! In addition, I see they always begin their trading process with unrealistic trading result like 100%, 200% monthly profit even more! By the way, if you want to protect your trading capital then please makes a restricted trading plan first and then execute it!


And then they often lose the 2nd and the 3rd too. 😞


I think I'm on my 12th or 13th over 6 years (if not more) 😀

Each one has a valuable lesson learned and shows that one should never give up, but also be realistic about what capital you use to fund your accounts. If you have $1300 available, fund with only $100, don't start with a $1300 account.


I completely agree. Your perseverance is inspirational, I don’t know where you found the strength for it.

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