Imp dont loose

Technical Analysis is crucial buttyfy that and follow any good trader with live charts and understand why he traded that way why he had those exists.

Please listen to nice audio at trader interview by

2009-02-17 Online Currency Trading Strategies

http://feedproxy.google.com/~r/TraderInterviews/~5/xFBy2coPOZU/TI_2009-02-17_WayneMcDonell_online-forex-trading.mp3

http://www.tradingpsychology1.com/overcoming-fear-of-success.html

 

Doing Live trading of Australia 200 cash

-Dont buy or sell with our MACD cross over

-MACD histogram bars should be long and if its been bull for a long time(check stoc and RSI before u enter)

-U need volume for it to show correctly

 

today i lost half of my account

i double my size and all my trades were going against me and winners were small and losers were really big

i am scared now my hands are shivering and i don't think i can take any more trades

the market was too volatile what ever i do i couldn’t win

now that my account is 80% down i need to make sure

i trade $5 mini contracts

if i have 3 continuous losses i wont trade.

dont go after the market with the revenge feeling

i am aiming to get back every thing i lost

Now the market opens at  5:10pm my goal is to stay alive and trade

i have no regrets and revenge with market

Day2 i did 2 trades

What i observe red i am not calm and long term timeframe always is right

i am looking at 1 min and panicking

not sure if this is for me i need to take a break before i can think

What i Need to trade

I have indicators oscillators

trend lines and triangles

Position Size

data

Explore IG markets

Explore commodities in IG markets

US accounts-Post Pone

I will think of target price  later in the future so this will bring risk to reward ratio to the future as well

i am trying to sign into prorealtime

observations MACDH when the middle bar is high or the next bar is less trend is loosing  strength

RSI should have an angle of trend direction

i observed more money is getting involved my emotions are amplified

while i was trading $5 contracts i was at peace and easy with my position

Well done praveen what i did i took a mini contract with 10 point stop loss

so stop loss is at $50 and it moved against me till $30 loss but i didnot panic as it was a small loss if it was $25 my loss would shown upto $125 and i would have paniced

i let it run with profits and raised my SL to1 point more than i bought this way i wont be at loss

finally when MACD was weakening i exited at $25 profit

First thing i have to see is, can the indicator  listen to market it looks like if it had listened to it yesterday need not be it will listen today

 

 

 

 

 

 

 

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SteveCarnish

 

try not outthink the signals

 

While watching the video feels like i should do back testing

have a look at the equity curve in backtesting

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Look for trading practice account

 

set the goal

setup reach our goal

 

Have a system that address all the areas of my trading this will remove lot of emotions and the have a trading practice account

 

Webinar

EQUIS Shawn Lucas

imp don't loose-2

i don't think live trading is for me  i am praying

my hands are shivering

i am praying its my master who is doing this

there is a sense of weakness in me that i can observe

i am waiting i did put on tv to divert myself

i am watching US spx 500 as its moving along with aus 200

i did see bloomberg bearish first and then thought market is bearish so wanted to short but in fact spx and dow were trading bull i didn't know what i analysed

Lesson-don't go against with indicators cost 400

all these mistakes are from my prev trading i am not learning

i should stop doing the self talk of buying auz 200 i am not ready and its dangerous

Observe for doubt in your mind when in doubt don't trade

i think i am trying to catch tops and bottoms