Aliassmith Psychology 101 and other stuff

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aliassmith
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Postby aliassmith » Sat Apr 17, 2010 12:43 pm

Brookmyre wrote:Thanks bredin

That was how I thought it would be used. Kind of putting a pin in your profit to hold it there. I've been demoing with MBT so unable to play with this. Deposited funds in my live account, where I can hedge, and the deposit registered Fri arv just before I had to go to work. Now I have to wait out the weekend!


The way bredin showed the hedging is a great way to do it. Lock your
profit in minus a few pips and then release it at a better price. better than moving stoploss to break even after the move, IMO.
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aliassmith
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Postby aliassmith » Tue Apr 20, 2010 1:04 pm

Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.
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es/pip
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Postby es/pip » Tue Apr 20, 2010 1:08 pm

aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


things going ok?

up on the scalp side a decent amount

but

hasnt been the best PA since 6 ish n the euro
Bend over and assume the position for another 4 years of hope and change.

aliassmith
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Postby aliassmith » Tue Apr 20, 2010 3:20 pm

es/pip wrote:
aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


things going ok?

up on the scalp side a decent amount

but

hasnt been the best PA since 6 ish n the euro


Ya its ok, I switched to using the charts from my broker instead of IBFX
MT4 platform. Practicing taking small losses and not being greedy. PA
today was rough, good learning experience.
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es/pip
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Postby es/pip » Tue Apr 20, 2010 3:26 pm

aliassmith wrote:
es/pip wrote:
aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


things going ok?

up on the scalp side a decent amount

but

hasnt been the best PA since 6 ish n the euro


Ya its ok, I switched to using the charts from my broker instead of IBFX
MT4 platform. Practicing taking small losses and not being greedy. PA
today was rough, good learning experience.



it got much better for me after i posted that

pretty much dropped nuclear bombs on other euro traders today

:D
Bend over and assume the position for another 4 years of hope and change.

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Postby aliassmith » Tue Apr 20, 2010 4:06 pm

es/pip wrote:
aliassmith wrote:
es/pip wrote:
aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


things going ok?

up on the scalp side a decent amount

but

hasnt been the best PA since 6 ish n the euro


Ya its ok, I switched to using the charts from my broker instead of IBFX
MT4 platform. Practicing taking small losses and not being greedy. PA
today was rough, good learning experience.



it got much better for me after i posted that

pretty much dropped nuclear bombs on other euro traders today

:D


You are a bad, bad, person :) Taking all those pips from the eur/usd
traders. 8) I was up today but not that up.
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newschool
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Postby newschool » Tue Apr 20, 2010 6:44 pm

aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


If you control too much your losses, you will take many small ones, and if you are not greedy enough, you'll take small profits, thus in the end it adds up to 0. I think we need to be greedy BUT we need to secure some pips when we can.

aliassmith
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Postby aliassmith » Wed Apr 21, 2010 12:15 pm

newschool wrote:
aliassmith wrote:Takes some time to retrain the mind it seems!

Controling loss and not being greedy is the winning formula.


If you control too much your losses, you will take many small ones, and if you are not greedy enough, you'll take small profits, thus in the end it adds up to 0. I think we need to be greedy BUT we need to secure some pips when we can.


Guess I should clarify:

What I mean by control my losses, is actually get out of a trade when I
should.

What I mean by not be greedy, is actually take a profit when I should.

I had/have a bad habit of letting them run too long.
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newschool
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Postby newschool » Wed Apr 21, 2010 3:01 pm

No need to clarifiy, I was telling about a bad habit we can call "overclosing"...

aliassmith
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Postby aliassmith » Wed Apr 21, 2010 3:54 pm

newschool wrote:No need to clarifiy, I was telling about a bad habit we can call "overclosing"...


I see
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