prochargedmopar wrote:es/pip wrote:prochargedmopar wrote:es/pip wrote:Fxtraveller wrote:It is indeed true that the higher timeframe overrules the lower. H4 turns out to be very reliable, the SLs can still be small, but TPs - vast.
live or not live next week, that iz ze question =]
just start small----- to where it doesn't matter if you win or lose $$$
just get comfortable doing it live
then add size later
trust me, it will save you a vast amount of time over the long run in getting to where you want to be
Losing Always matters and will never stop mattering...
You can not lose continuously and win.
127 continuous wins MATTERS
20 wins in a row MATTERS
It's the SIZE of the losses compared to your account balance that you are referring to.
losing small we can accept. Losing big is what's unacceptable which is the very reason you have a 20 pips hard stop but usually exit closer to B/E.
If a beginner started with a 300,000 account and used $10 pips it would be small losses. Adding to the position with $1000 or $4000 pips would be losing big.
Look at me, trading with 10-30 cent pips...then adding with $2, $3, or $5 pips is losing big..... NOT ACCEPTABLE.
LOSING SMALL AND WINNING BIG MATTERS MOST OF ALL.
And I should know as well as anyone.
what i was referring to was
one must be able to trade "emotionless" to where losing or winning does not matter in order to trade correctly
which is learned/accomplished by trading a size that has no effect on your account--whether you make/lose money
a trader must learn to lose correctly before they will be able to win consistently
small losers and big winners
but you have to learn how to control your emotions in order to do that-----
i tried to explain that to you and make suggestions on how to go about it
but you choose to continue to average down---- to show the world that you never have a loser. which results in blown account after blown account---as it always does and always will.
so you will never move "forward" until you are able to learn how to lose correctly
once a "trader" is just able to just trade the trade with no emotional attachment is where the real money is at
to show the world that you never have a loser
NOW WE ARE GETTING CLOSER TO THE REAL PROBLEM!!!!!
Solution must be found.
you are making this WAY WAY WAY harder than it has to be
the simple and only solution is
YOU MUST BE ABLE TO ACCEPT LOSING
it doesn't matter if you have losing trades-----
your fear is --- that you do not want to admit you are wrong (via a losing trade)
when you get in an argument with your wife---- do you always win the argument? Can you admit when you are wrong?
it has to stem from somewhere
most traders that have issues with losing are scared of failing and as a result their fear causes them to continue failing. When the simple solution to the problem is to accept failure and move past it.
It is ok to fail
It is ok to have losing trades.
I have never met anyone that has never been wrong before. I doubt you are the first.
Just accept your losses---- man up and get over it
then you will move forward.