Never Lose Again

[cfabian]

Hold on Lukx,
I know what you're feeling. I'm on that side of the line as well. I've lost a significant amount of money learning this thing... it's been 1.5 yrs and it is almost sinking in. Wont rest until I recover all my losses and I know I will do that, that is my first target.

Remember that the most successful of the traders in this forum have had some prior experience, and also the vast majority have passed through this devastating stage.

I do hope to be in the other side of the line soon, but is a matter of patience and hard work and discipline. You don't have to be in the market always, is not mandatory... (I did that before). Try to be extremely selective before hitting the trigger.

What job out there can pay you thousands a day? Extremely hard/impossible to get right? It is possible by trading, so we need to push harder to be able to do so.

Don't give up my friend!!!!!!

well after today I think I'm done with trading forex.
I got hit really bad today I took long on EU and it went down fast.
I guess I don;t see it and will never do.
Good luck guys with your trading hope for you fortune be better.

[pablo101]

es/pip, I tried TRO DTB method but scalping for 5 pips with huge drawdowns didn't work for me, and his other way are totally mystical for me. He's just dropping screenshot and expect everyone to understand what he is doing.

Here's mine chart. I guess it was my mistake but I was looking at bigge rpicture daily and I was aiming for longerterm trade for about 200 pips



I was looking at this aim:

Lukx,

I just want to be clear, on the 1 hour, your entry was long around 4620 and your stop was around 4560? So it was a stop of about 60 pips???

[TheRumpledOne]

OPPORTUNITY TIME

[tradepar]

Isn't the SL below Momentum bar a good place?

Or at least if the candle closes below the MOMO bar, should close the position.

I am still learning and demoing.

[cfabian]

Great job espip,
Damn... you're always on the screen when there's good action. What's your secret/advice to do so?

Really, you mentioned you have an idea of when there's going to be action. and as sitting in front of the PC for hours is extremely boring, not to mention need sleep time, I wonder how you determine to stay up during London or not to miss a particular session? Please give your hints or unveil the secret

Thanks

jeez


done for the day

[Patch]

lukx

If the above trade just wiped you out, please tell me were you trading a demo account, a mini account or a regular account?

You are as of right now suspended from trading any real money until you trade and earn 1000 pips in 200 trades. I learned this from MO. I learned from Forest Gump that stupid does what stupid is so Stop trading money. Take a break for as long as you need. You gotta go back to kindergarten; you can sit next to me in the back row if you like. Hey man, I've lost more than you ever did. So what?

If you can't make profit in demo for 200 trades, what makes you think you will do any better with real dinero on the line?

You back row buddy,

Patch

[aliassmith]

Just took a GBP/USD short M15

I felt it was going to bounce at 1.6411 so I bailed with
about 30 pips so 40 pips on the day 6%.

[TheRumpledOne]

OPPORTUNITY TIME

[es/pip]

es/pip, I tried TRO DTB method but scalping for 5 pips with huge drawdowns didn't work for me, and his other way are totally mystical for me. He's just dropping screenshot and expect everyone to understand what he is doing.

Here's mine chart. I guess it was my mistake but I was looking at bigge rpicture daily and I was aiming for longerterm trade for about 200 pips



I was looking at this aim:

let me say this first

if you are going to continue to try and make trading work for you, you r going to have to take a never give up never quit attitude. THat you emotionaly and mentaly will not accept anything less than what you want. Then you make it happen

trading is 5-10% knowledge and 90-95 % emotions--- or somewhere around that

i have been looking at charts and trying to trade for 12 years

6 years ago i started making steady money and it has just got better from there

i lost more money than you could imagine----my money, others peoples money and borrowed money

i had no real idea what i was doing, but finaly figured it out

you are presented with info from everyone on this site that contributes that allows you to significatly reduce your potential learning curve.

Trading is not for everyone. If its not for you then quit and save yourself the pain of going thru the learning curve. If it is for you then you have to change your attitude and make it work.

and lastly----- i cant believe i am going to say this again---- no matter what stye anyone is learning to trade EITHER TRADE DEMO OR AT A $ PER PIP THAT HAS NO POSITVE/NEGATIVE IMPACT ON YOUR ACCOUNT---- this will save you $$$$$ and your sanity

then when YOU KNOW WHAT YOU ARE DOING then start applying %'s and risk and grow your account
____________________________________________________


on that trade

sigh

the only acceptable reason to have that large of a stop is if you have been playing the whole way up getting in and out and adding pips( from profits) to your stop with your end target in mind

look at how far it has moved off the bottom

you have large amounts of held profit below you

you got in half way up the move( with no profits) and took a new position --with risking a huge stop 1/2 of the move up



sigh

[es/pip]

Great job espip,
Damn... you're always on the screen when there's good action. What's your secret/advice to do so?

Really, you mentioned you have an idea of when there's going to be action. and as sitting in front of the PC for hours is extremely boring, not to mention need sleep time, I wonder how you determine to stay up during London or not to miss a particular session? Please give your hints or unveil the secret

Thanks

jeez


done for the day

lol

and the answer is--------------no sleep

honestly

i had alerts set at that h4 zl area and i was sleepibg in my office