Never Lose Again

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es/pip
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Postby es/pip » Sat Sep 19, 2009 10:51 pm

cfabian wrote:Totally agreed, I was like that too...
Now my problem is getting to the other extreme, where letting it run is kind of hard when already in profit...


pablo101 wrote:
lukx wrote:another loosing day:

Image


It sounds like a broken record.

You had some trades in green yet you didn't take profit. Sounds to me like you're holding on for the big moves and .... hope comes in play.

I was like this when I blew my very first account. I had a 'horse racing' mentality. You place a bet because you are absolutely sure that your horse will win and when the race starts, you are screaming and shouting, cheering your horse to run faster. Even when your horse starts faltering, you KNOW it will win. This is hope and when money comes in play you will find you lose it all.

Time for a "REALITY CHECK" lukx. Take smaller moves and be happy with it. Or I'll come over and slap your head (hard if necessary) until it sinks in :lol:



ok

this is interesting because it has to do with 90ish% of trading----emotions and psychology.

you have acknowledged what your problem is---- " letting it run is kind of hard when already in profit"

now that you know that is a problem you can now correct it.


all you have to do is answer WHY, WHAT is causing you to feel that way.

is it fear of losing

fear of giving back profit that u are up in the trade-- if so--- why- what exactly

is the trade size too large for your emotions to handle the ups and downs while it ticks for or against you


or what is the reason.


once you define it and acknowledge it is the cause, then drop your trade size down to an acceptable level and start again. While starting this new increase on your trade size you will be aware of why you started over, the exact reason. Then as you progress through time you will be able to hold your trades while mentally understanding what the cause was and how to fix it in the future. Then knowing that you defined the exact problem and solved it you can move forward---emoitionaly.

The mind is a complex little thing.


you have to detach yourself from the monetary value of money and trade the trade for what it is. It is just a trade. After all the market does not know if you are trading at 1 per pip or 1k per pip. It will do what it does regardless.
Bend over and assume the position for another 4 years of hope and change.

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TheRumpledOne
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Postby TheRumpledOne » Sun Sep 20, 2009 12:27 am

Image

READING PRICE CHARTS BAR BY BAR

1) Price will either breakout of the high, low or both of the previous bar

or

2) Price will not breakout of the previous bar.

That is all there is to know. You can not reduce it any further. Anything else complicates the issue.

You either decide to:

1) Wait and do not enter a trade

2) Trade a breakout

3) Trade a reversal.

Those are your ONLY 3 options.

TRADING IS SIMPLE. DO NOT COMPLICATE IT. DO NOT BE FOOLED.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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razorboy
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More risk is just more risk.............

Postby razorboy » Sun Sep 20, 2009 12:25 pm

but more profit is more profit:)


Optimal position sizing.............. and an Equity Curve Generator.

Know your stats :)
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Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!

http://thejoshkerbelproject.com/

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razorboy
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Postby razorboy » Sun Sep 20, 2009 12:49 pm

Sounds like someone who doesnt know their stats....or their edge.

This is simpler than knowing the card count in a single deck game of blackjack....you just have to realize it


es/pip wrote:
cfabian wrote:Totally agreed, I was like that too...
Now my problem is getting to the other extreme, where letting it run is kind of hard when already in profit...


pablo101 wrote:
lukx wrote:another loosing day:

Image


It sounds like a broken record.

You had some trades in green yet you didn't take profit. Sounds to me like you're holding on for the big moves and .... hope comes in play.

I was like this when I blew my very first account. I had a 'horse racing' mentality. You place a bet because you are absolutely sure that your horse will win and when the race starts, you are screaming and shouting, cheering your horse to run faster. Even when your horse starts faltering, you KNOW it will win. This is hope and when money comes in play you will find you lose it all.

Time for a "REALITY CHECK" lukx. Take smaller moves and be happy with it. Or I'll come over and slap your head (hard if necessary) until it sinks in :lol:



ok

this is interesting because it has to do with 90ish% of trading----emotions and psychology.

you have acknowledged what your problem is---- " letting it run is kind of hard when already in profit"

now that you know that is a problem you can now correct it.


all you have to do is answer WHY, WHAT is causing you to feel that way.

is it fear of losing

fear of giving back profit that u are up in the trade-- if so--- why- what exactly

is the trade size too large for your emotions to handle the ups and downs while it ticks for or against you


or what is the reason.


once you define it and acknowledge it is the cause, then drop your trade size down to an acceptable level and start again. While starting this new increase on your trade size you will be aware of why you started over, the exact reason. Then as you progress through time you will be able to hold your trades while mentally understanding what the cause was and how to fix it in the future. Then knowing that you defined the exact problem and solved it you can move forward---emoitionaly.

The mind is a complex little thing.


you have to detach yourself from the monetary value of money and trade the trade for what it is. It is just a trade. After all the market does not know if you are trading at 1 per pip or 1k per pip. It will do what it does regardless.
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

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es/pip
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Postby es/pip » Sun Sep 20, 2009 8:15 pm

what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

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

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

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razorboy
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Postby razorboy » Sun Sep 20, 2009 8:53 pm

me.....

I keep slicing and dicing my numbers............and come to understand more and more of what MO says..


es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

aliassmith
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Postby aliassmith » Sun Sep 20, 2009 11:06 pm

es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image


Weekend? I was thinking things like grill out and watch football.

Oh Ya I go over old charts and read the forum :)

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es/pip
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Postby es/pip » Mon Sep 21, 2009 1:41 am

aliassmith wrote:
es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image


Weekend? I was thinking things like grill out and watch football.

Oh Ya I go over old charts and read the forum :)


lol that is exactly what i did today

football

grilled out

charts

forum

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

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razorboy
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Postby razorboy » Mon Sep 21, 2009 1:55 am

dude.......what about sex, drugs and rock and roll...........


es/pip wrote:
aliassmith wrote:
es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image


Weekend? I was thinking things like grill out and watch football.

Oh Ya I go over old charts and read the forum :)


lol that is exactly what i did today

football

grilled out

charts

forum

:D
Ya, I manufacture clear shoe boxes.....http://www.clear-shoe-boxes.com.............who would have thunk!



http://thejoshkerbelproject.com/

User avatar
es/pip
rank: 1000+ posts
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Postby es/pip » Mon Sep 21, 2009 2:07 am

razorboy wrote:dude.......what about sex, drugs and rock and roll...........


es/pip wrote:
aliassmith wrote:
es/pip wrote:what does everyone do on the weekends when the markets are closed?

i have issues---- lol


big time money opportunity in gold and silver

gold

Image

Image

Image

silver


Image

Image

Image


Weekend? I was thinking things like grill out and watch football.

Oh Ya I go over old charts and read the forum :)


lol that is exactly what i did today

football

grilled out

charts

forum

:D


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

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Thank you for your support.


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