Emotions when trading - page 15
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I don't recommend trading gold - you'll break even at once! It's a risky pair! It's like the RTS on the fund ))
Each time I cannot start the rocket.
I wait till break-even and exit.
I have often had to tolerate huge drawdowns, because I have not traded on a pullback.
But so far the pullbacks are not helping either because of the ACP in the USA.
By the way, I have a wrong comma in this morning's example.
I corrected it now.
There are completely different numbers coming through there. More significant.
So, whoever is faithful to the forecast, will get a good increase.
The first target (my target) is 1.08290 and we get profit 5791.4$. Excluding swaps.
If we go to parity and add more sells, the profit will be 5-digit.
But I find this attitude helpful in trading, I can't remember who I read it from, a professional trader:
"I believe that my trade will be a loss or .... very unprofitable," and I put it on my monitor,
so it's always in front of me.
And another important thing is to believe in your TS and in yourself that you will fulfill it in any emotion.
Do not blame yourself or blame yourself, because every action is a reflection of our personality,
The real perception of the market and life.
If you did a bad deal, it does not mean that you are bad, it means that something was in the way - thoughts, old skills, attitudes.
You have to dig deep within yourself to figure it out.
It's also important what your goal is, to make a quick buck,
or to learn to trade beautifully, which is very long and sometimes tedious,
It can be tedious.
And hence the result follows accordingly.
I don't copy anything from anyone.
I trade at my own risk.
If I did, I would not declare my ambitions (to enter the ranking).
If, for example, I am not confident in trading gold (I wanted to enter recently), then I have acknowledged it and closed the position.
I don't think it's the right time to trade gold yet.
Dangerous as the tightening of ACP in the US is looming.
I already wrote about it.
And on the main pair I have a portion of confidence.
I am trading this pair on real account since 2003.
And all by hand.
And the fact that many good signals have the same manner of trading, only says that the most profitable tactics are just that.
Otherwise you won't make any money.
Let me repeat: Drawdown is not a loss. But it might be a part of the trading tactics.
Read on. It's good for you to know the common truth.
Read Elder. He is a competent guy. It's true he does not trade on the Forex market.
But the basic postulates are applicable to any tool.
I don't recommend trading gold - you'll break even at once! It's a risky pair! It's like the RTS on the fund))
And sitting in a drawdown for a long time, they fix positions immediately after they breakeven.
I do not see the point in such trading.
The risk/reward ratio comes to naught.
They are in a hurry to fix themselves for their subscribers.
I will give you another example.
I have a deposit size of 4444 on each of my signals.
Even if I have a drawdown of the size described in the example (over 2000), the capital adequacy allows me to stay afloat.
And I will not repeat the mistakes of those guys.
I won't close positions even if they shoot to breakeven and there is already a floating gain in profits.
Why close if the target isn't met...?
One of the assumptions that they trade hands is that they take a lot of risk with deep drawdowns and large lots.
And having successfully gone through this period - they hurry to close positions faster and fix profits, so that their stats would be better.
Instead of taking all of the movement of the slippage and add to it that way.
In short, give me some time.
I'll show you the world super class.
It's just hard for me to argue with you all.
Let you see the result for yourselves.
I set myself to this task when I was studying my competitors (signal providers).
There are so many mistakes that it would not be difficult for me to get into the rankings.
I am concerned about the formula for calculating the rating for a reason.
After all, it takes into account the drawdown size in percent.
But let us not forget that as the capital grows, these kinds of drawdowns become less significant.
I even subscribed to Good Profit MT4 signal for research purposes.
Not so that it would give me profits.
But to have access to the hidden part (details of trades).
I went through all his trades, on every page.
And unsubscribed from the signal (so as not to dissipate my concentration).
His signal was worth $29 at the time.
I gave it to him as I was only subscribed to it for a couple of days.
A lot of mistakes.
His break-even trading on MT4 is not an example to follow.
Also, his MT5 signal with losses.
He is chasing profits.
He has registered a PAMM on Alpari and attracts funds for management...
And raised the subscription price of the signal. Now it's $33...
I have him under close scrutiny. :-))
You have to know how to trade gold and have a lot of capital.
It's a lot of capital! Much more than on the other pairs!
You have to know how to trade gold and have enough capital.
Yes, 10 times more, it's because of the high spread.
Yes, 10 times more, because of the high spread.
-If gold continues to stagnate while the dollar strengthens.
-If the capital gain is 10 times.