>trading forex
>first trade profitable
>feelsgoodman.jpg
>see another opportunity but dont take it out of fear
>it would have been profitable
>and another
>and again
>finally muster up courage to trade again
>breakout; stopped out
>too skittish to trade again
>another three predictions come through with no trade made
>decide to grow balls and make the trades that look good
>stopped out
>stopped out
>stopped out
>stopped out
Trading forex
Mason Wright
Other urls found in this thread:
amazon.com.au
twitter.com
Owen Russell
Me every trade ever, wait on side lines.. price goes up,
Find another trade that looks good, decide to go in, drops 100%
Andrew Brown
How does one develop the stomach for this? I just want to throw myself in front of a fucking train.
Charles Richardson
Don't bring emotions into trading.
Camden Wood
>How does one develop the stomach for this?
you need to develop confidence and that can only come through lots of experience and backtesting.
Alexander Scott
Learn fucking strategies, apply them.
Learn to use orders.
Think about what you are willing to lose BEFORE you open trades.
Set well stop losses.
Don't see if missed trades would have gone well, it's totally useless.
Look at yourself, improve your behaviour, what are the common emotions do you have? Fomo? Rush? Wait too long?
How can you change them?
Thomas Rogers
use small lots
Nolan Evans
One step ahead of you, but they add up.
Charles Jackson
today's best forex traders probably wouldnt be profitable if they didn't use some variation of martingale. still applying a risk cap though
Aiden Thomas
your chances trading forex (most competitive market on planet) (intraday multi trades) profitable is 0%
Cooper Powell
Is it different with shares?
Christian Lee
he's wrong. the probability of losing money is greater than 0 for some.
it's also less than 0 for some.
Jace Richardson
I've read that 70-some percent of amateur forex traders lose in the long run, but I've heard that attributed to not setting stop losses and losing it all in one or a few fell swoops.
Logan Hall
>but I've heard that attributed to not setting stop losses and losing it all in one or a few fell swoops.
imho it's not that simple. it's a lot of different factors and not setting stop losses is probability the least of the problem
Kevin Sullivan
What would you say is the biggest factor in a forex trader's long term losses?
Dylan Stewart
sounds like you keep getting stopped out. have you tried to widen your risk level ? set ur stop a few above the resistance if your short or a few below the support of your long
Nathaniel Torres
greed
guy who mentors a friend who got me into forex has close to 10 years experience in the market, its what he does for a living
couple months back he goes dark on social media and then comes back asking dudes he mentored for 90k because he fucked up bad and needed cash real quick
Matthew Ross
never bothering to gain a truly deep understanding of how the market works by studying topics on order flow and volume. continuing to think it's '90% psychology'
Tyler Smith
Stop using a 10 pip stop loss. Give your trade room to breathe.
Dominic Morales
They dont realize the need to be a risk managment specialist first, and a trader second. Also tight stop losses will suck an account dry after being stopped out enough times.
Logan Nelson
btw, here's a million dollar tip. read ana coulling's complete guide on volume price analysis.
amazon.com.au