Tuition can be expensive in Forex.
Have you being in such situation, what were your initial feelings?
Have those feelings still coming sometimes?
And how you control them?
70% Account Drawdawn.
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Thank you for your support.
Today I put a side most of emotions from trading.
Results are that on my first day of trading I got +15.8 pips without loses.
Take a look here.
http://kreslik.com/forums/viewtopic.php ... &start=210
Results are that on my first day of trading I got +15.8 pips without loses.
Take a look here.
http://kreslik.com/forums/viewtopic.php ... &start=210
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The Way To Money Is Using Simplicity And Take Small Loses
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The Way To Money Is Using Simplicity And Take Small Loses
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Today I increased the account by 4%.
I learn that I also need to stop thinking about past trades very fast if I am still trading. Or think fast.
Please check here what happened.
http://kreslik.com/forums/viewtopic.php?p=50849#50849
Thanks.
I learn that I also need to stop thinking about past trades very fast if I am still trading. Or think fast.
Please check here what happened.
http://kreslik.com/forums/viewtopic.php?p=50849#50849
Thanks.
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
Today I increased the account by 30%, check out here
http://kreslik.com/forums/viewtopic.php?p=50889#50889
I was thinking in staying in the game the hole day to take more pips, but I felt I was getting too greedy. So, I went shopping instead.
http://kreslik.com/forums/viewtopic.php?p=50889#50889
I was thinking in staying in the game the hole day to take more pips, but I felt I was getting too greedy. So, I went shopping instead.
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
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I got that 15% today because I went in with double lot size.
I NOW feel I need to learn more about money management otherwise I may end up taking too long to grow the account or worse, blow the account.
Anyone has tips or URLs about money management?
Thanks in advance.
I NOW feel I need to learn more about money management otherwise I may end up taking too long to grow the account or worse, blow the account.
Anyone has tips or URLs about money management?
Thanks in advance.
================================================
The Way To Money Is Using Simplicity And Take Small Loses
================================================
The Way To Money Is Using Simplicity And Take Small Loses
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- bredin
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check out MOs Space Wars
Remember that 1% per day does stupid things to your account in only a couple of years.
G.
Remember that 1% per day does stupid things to your account in only a couple of years.
G.
Welcome to the era of "Guns and Maskies" Trading!
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- forexbob
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indeed, understand compounding (1% per day will add a zero to your balance in a year)
instead of doubling, start small and when in profit (sl 2 breakeven) add at certain place to your position when price action is going in your direction.
follow the tip of bredin.(--> MO's thread)
further i remember 3clipz referred to chapter 7 (for MM) of the following book:
COME INTO MY TRADING ROOM
A Complete Guide to Trading
Dr. Alexander Elder
instead of doubling, start small and when in profit (sl 2 breakeven) add at certain place to your position when price action is going in your direction.
follow the tip of bredin.(--> MO's thread)
further i remember 3clipz referred to chapter 7 (for MM) of the following book:
COME INTO MY TRADING ROOM
A Complete Guide to Trading
Dr. Alexander Elder
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