Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000 -
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thread: Apply a 28 Levels Financial Plan to Forex and convert $10 to $10,000

  1. #21
    Hi,

    I'm sorry for not posting because wednesday but I've been really busy at the office.
    I've also been LOOSING big on my trading.
    I really don't know what is happening, perhaps I'm not focusing due to my other activities on the job. The thing is that I lost half the account and it is getting harder and harder to do it right. Also is getting harder to need to state these things about big losses.
    Well, life isn't just good and nice items, in addition, there are drawbacks and problems we have to confront.

    I have lost some selfconfidence and also confidence on the system. It has not generated very good and powerful signals as it used to and there's also why I've been entering on bad trades and lossing powerful since thursday. I also have been buying too many lots trying to regain losses fast but tat has made me lose more.

    I must comment about the very first losing trades I took on thursday due to the particularity of them.
    I started too many lots and there was a time around the day I was loosing BIG, I was only about to have a margin call. I chose to follow my initial entering motive and prayed for the price to go my own way. I had to stay alert nearly to friday 4am EST and price came down back to my opening levels. It never went confident but that I could have closed my trades with small losses. I'd shut half of those trades using an small loss but I do not know the reason why I chose to go to sleep and also risk another two only in case price kept going my way the rest of the night.
    Poor desicion! Price never went farther on that direction and I have stopped out dropping in total around 150 pips (do your maths)
    On friday, with not much sleep time, I entered 3 trades which I had to carry until now and stopped losing.
    Right now I'm also carrying my now's trades with not much action on price and with not much confindence about being correct.
    I'm 5 pips upward on each.

    At this time my equity is at $51.55 therefore, I think I'm back at least 4 degrees to level 7 or 6 depending on how my receptive trades finish now.

    I have a lot of work to do to go back to level 11 where everything began.

  2. #22
    Junior Member romenlm's Avatar
    17
    Hi Efex,
    sorry to hear about your poor week. Hopefully, you can put it behind you shortly. Time to move on, but I'd recommend that you take a break. You've had too many losses, and you also most likely want to get back in the market. Bad idea if that is the situation. Have a break and re-group.

    Good Luck and Take Care
    Habeeb

  3. #23
    Hello,
    sorry to hear about your poor week. Hopefully, you can place it behind you soon. Time to proceed, but first I'd suggest that you take a break. You've had a lot of losses, and you also probably want to get back at the market. Poor idea if that's the situation. Take a break and re-group.

    Good Luck and Take Care
    Habeeb
    Thanks habeeb,

    I have been watching at my account announcement and there is a lot of losing trades in a row. I haven't been able to win.
    I must say that my opened trades had been stopped so I'm at level 5

    I will be back

  4. #24
    Junior Member elboticario's Avatar
    22
    I admire you for being honest not only with yourself but with the whole Factory. That alone is much more than a lot of traders can perform.

    Keep plugging away, and that I wish you the best.

  5. #25
    Junior Member alexandrasanz's Avatar
    23
    Bro,

    thanks for sharing.. .you have invented a fantastic plan but emo trading is proly the reason for your faults. Having a target is one thing but stressing yourself to get to the target at the shortest possible way is suicide.

    Trade like Jesse prior to the crash but dun become Jesse after the crash.

    Regards,

    Jest

    the entire sport of arbitrage is seeing who the asshole is. If you can not spot the asshole - well, then you're the asshole Ugly Americans: The True Story of the Ivy League Cowboys WHo Raided the Asian Markets for Millions

  6. #26
    All this thread just proves to me for all, forex is pretty hard!!!

    At least your balance now is greater than you started with... better than me!!

    I will stay about ... but that's about it.

    And it actually does take guts to tell all when you are lsoing... many quit posting when they're lsoing.

    Great Luck!! Many are watching!!

  7. #27
    Junior Member romenlm's Avatar
    17
    All of this thread just proves to me that for most, forex is really hard!!!

    At least your equilibrium now is more than you started with... better than me!!

    I can stay about ... but that is about it.

    And it actually does take guts to tell all when you're lsoing... many stop posting when they're lsoing.

    Great Luck!! Many are seeing!!
    Sorry, but I completely disagree. It's so simple, that a lot of people become blinded. Because it is so simple, you are inclined to go for the million a commerce ey, and thats where the problem lies... GreeD. There is nothing hard about forex trading. It's all about self control... discipline.

  8. #28
    Junior Member Javirex888's Avatar
    20
    You were doing . I know you will recover from this temporary setback. Additionally, this is where you learn to trade and develop the patience and discipline required to be successful in this organization. I can say from experience that there likely isn't anything wrong with your machine. You could have only encountered a drawdown period and you also misplaced faith on your own system and made some trades that compounded your losses and made things even worse. Been there. Anyhow, tomorrow is another day with new opportunities. Good luck!!!

  9. #29
    Thank you guys and thanks Sister to your words.
    I find here very supportive people and I am glad about that.

    Today was a Fantastic day. FINALLY!
    I'd three transactions but I really don't know whether my winning was just luck since I didn' even know more about the news release now. I had been consumed with other things and I didn't even look at my information calendar.

    I put my transactions based on my system after which I had any problems with my PC. When I could connect news was published and lucky me that they were bad for the dollar, just the direction I had been!
    The moment I saw I had been 45 pips on every one of my transactions I closed them. I have seen too many times how after a news release the first movement get retraced.
    Well, price went nearly 45 more pips on my direction so I might have left the double but it's okay, I finally won and innovative almost 3 levels.

    My current equity is $66.68

    PS: Tomorrow I will post the actualized pip count and will begin wth the preceding posting format.

    Additionally as now is the close of the month, tomorrow I will also place the equity evolution graphic as I did last month.

  10. #30
    I'm here again. Haven't had too much time to post.
    Additionally, tomorrow and today are holidays here at my country so it's been busy days at work.
    Altought I have been trading a little and also'm trading now. Yex yex, TAKE A BREAK!! Well, tomorrow I'll I promise!

    My final trades have not been so good I have lost almost $10 because my final equity info.

    I'm attaching here the graph for the equity evolution for october.
    But, as I create my points each week, the info is only until friday 27. The line for the end of the month. We are going to see that at next month's graph.

    Please forgive me again for not posting as I used to do. I shall go back to format.
    https://www.cliqforex.com/attachment...1568316684.pdf

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