unfortunately, it is called screen time
, and as Peter Crowns of DIB fame says - you need to die financially a few times before you figure it out - luckily with forex, you can do a lot of dying without going broke.
One day, it will just hit you. I suspect that MO and TRO have been trading for a little longer than you (or I for that matter).
I have thought, at numerous times over the past 2 months, that I had got it - but I didnt. I would do well one day and wipe out the next There was always something I was missing (and I wasn't in to buying the conventional wisdom of "its an irregular market" or "the market seems different" or "price should have done this" or any of the numerous excuses traders say to delude themselves into thinking they know what they are doing when they are just often "randomly right". I just couldn't explain why a particular trade went bad (or went right).
At some points I thought, well maybe if i take larger positions, i'll make better decisions as I will be less likely to take an iffy trade..........guess what, it didnt work (so dont just throw that extra 4 grand at the problem)
My novice suggest is to keep a trade journal - it will help you work through your ideas. I serious just started keeping detailed trade notes on Friday after going over (and over and over and over........) this thread, the BP's one and the stuff from nobraintrades and it seriously just hit me out of the blue as to how to "see (and understand) price and to figure out why some of my old trades worked and others didn't
Once you figure it out, it won't be an issue of "all i need is 10 pips a day".
You really want to be successful as a trader?
exiting with the smallest loss.
Really all I need is 10 pips a day.
I put 880ish into a mini and turned it into 580. Guess I got 180 to go before I start to become successful. lol
I also have a micro with 100 in it. I may use it next instead.
I cashed out 3 weeks vacation and some stock money so I've also got 3869.00 "waiting" to be used.
I'm serious, you will see.
Any help is appreciated greatly.
Thanks to both.