thread: How do I move forward?

90908

That makes a lot of feel, though it may be difficult not to get frued along the way. I mean, if you have 10 losses you might not trade the rest well.

You need to attempt to put that aside, and would suggest you understand how much you're prepared to lose if all trades neglect.

That I would also say just risk the identical sum of money on every trade.

For instance $10 on every transaction, so the most you'll lose is $200 approx.

However it is unlikely you will lose them all, even a coin toss must create a few winners, never the less it is possible. If $200 is too much reduce your risk. (or demo trade)

having the ability to keep playing your advantage even after a series of losers is a significant part of what separates the winners from the losers

Depending on your risk reward you might only need to win 30 percent to be at BE.

As soon as you do the 20 trades review all the results. Keep thorough notes, screen shots and records.

Watch those videos I just posted, Mark talks about that in detail.

90908

I dont get your point.

I'm advising to learn the behaviour of traders for whatever they expect of Fundamental results (news statements ) and how behave before and react following the results.

This type of trading is (as you mentioned ) is different from the true fundamental trading and the tendencies include of 2hrs to couple of weeks rather than month-year long spans of fundies.

Profits are decent and quick. If you've completed your homework straight than you shouldn't ever loose cause you are taking advantage of other people's foolies, their...

Thanks for clarifying what you wrote, but what I was getting at is the difference between Fundamental trading and News trading. Exactly as you composed, News trading is trading expectations, greed and fear; however Fundamental trading is egorically different - it's following the picture, long-term flow of money. Just like you wrote in your last paragraph, I think News trading is all about getting into the heads of other traders at that moment, but Fundamental trading is about studying why money is steadily flowing from currency A to currency B, and most of the time News statements don't interrupt this flow for quite long.

90908Finoli, look these people fighting, in one case viciously, over how YOU should be trading at all.

90908

, look at every one of these individuals fighting, in one case viciously, over how you ought to be trading.

Yes, marginally amusing at times
I understand them however, if someone is adjusting me about something I'm excellent at, I often get frued and produce a lot of reasons that they are incorrect etc..

In the end it often borrows that both are right, or both are incorrect

View these videos I just posted, Mark talks about this in detail.

Where did you post them?

90908follow this connection -

https://www.cliqforex.com/trading-sy...evolution.html

90908 When market started this week, I sold E/U.
A couple hourst later, I shut due to fear.

That is price now: (red label, close. Green label, available )

90908

When market opened this week, I offered E/U.
A couple hourst afterwards, I shut because of fear.

This can be price now: (red label, close. Green label, open)

An easy exercise... Figure out your entry, exit, and first stop loss. Set a take profit at 75% of your exit target. Walk away. Allow the trade happen win or lose. No touching it at all other than moving your s/l once the trade has achieved 50% of the exit to b/e target.

Make implementation a custom. Make accepting the outcome a custom. Trade pennies per pip if required to help reduce the anxiety.

Another tidbit... redefine what it means to become a winning/loser trader. No single transaction must define you.

I consider myself a winning trader once I execute trades according to my plan whether they wind up profitable or not. Since the figures are on my side, proper implementation almost guarantees net profitability over time.

90908

A simple exercise... Figure out your entrance, exit, and initial stop loss. Set a take profit at 75 percent of your exit target. Walk away. Allow the trade happen win or lose. No touching it at all other than maybe moving your s/l into b/e once the trade has attained 50% of the exit target.

Make execution a custom. Make accepting the result a custom. Trade pennies per pip if required to help reduce the anxiety.

Another tidbit... redefine what it means to be a winning/loser trader. You should not be defined by any transaction.

I believe myself a winning...

that I 100% agree with you

Also having set times through the day in which you assess the market is a fantastic method of creating discipline. imho

90908all I must mention is that trading isnt as hard as people make it out to be...I think that its the men and women who have made themselves too complex....practise practise practise. . .keep a journal of your winners and losers..learn the dos and the donts. . .until a system begins to crystallize....wish you the very best.

90908

all I have to say is that trading isnt as hard as people make it out to be...I think its the people who've made themselves too complicated....practise practise practise. . .keep a journal of your winners and losers..learn the dos and the donts. . .until a system begins to crystallize....wish you the best.

Thank you.

I have little question regarding journals. .
Should I document EVERY trade? Enjoy those that I opened, realized was a poor one shut a few minutes later? Or should I just keep tabs on the ones e.g. hitting stops or profits?