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Enormous drawdown on GN, adding on to failure to ordinary out but turn out sour
Right time to be incorrect side of the trade, still holding to test on monday if possible to get out on less harm.
Only if there's a retacement into the change or downtrend continuation.
Or else to bite the bullet to the expensive error.
Other than the GN trade. .
May I ask why haven't you stuck to your trade managememt plan?Originally Posted by ;
Monkey mind played with the function. Following my original plan without collapse is the greatest challenge I'm facing.
So do I.
and I think the same is true for so many fighting traders
for me personally however trading 15m mitigates the constant demand to compulsively open and close transactions.
Lower I move 1m,2m,5m I really go mad.
Same goes for higher TFs as well I simply don't have the patience to sit through retracements.
15m however for the tool that I trade could go nicely for me (meaning that I could really follow my egy with 15m)
and I think understanding what to expect really helps especially around certain times of the day.
Thank you for stopping by.
I can not trade lower than 4 hr, as I have full time job.
My instinct mind doesn't help all of the time while handling trades. 7 out of 10 trades I do nicely within management, then it comes older habits hardly ever expire. Lots of things to unlearn here or atleast aware of it when its pops to our thinking. Strictly following the plan at all of the time is the only way to escape, it doesn't matter what market is advertisements to trick our thoughts. People says meditation helps to come .
With a plan is part of the package on the path to consistency.
HoweverI believe by now we all know the complexities of price and market behavior - it just can' t be boxed to a few variables and few outcomes by so called system.
I do not know how you trade but most successful transactions are PA traders, they feel that the pulse - they move with the flow yes they're certain rules to keep in the back of your mind, (for example I just check for installments specific times of the time after London open, and I have a rough idea how long that I should hold my position) but besides those kinds of principles if you're a PA trader and if you're trying to sense the pulse of the market then until you become good at it you're going to continue screwing up - so remain on demo! , you just can not be too stiff in this scenario you believe you've messed up and moved contrary to the principles and beat yourself up for it, but how are you defining that rule? You actually have to be flexible (understanding exactly what to expect helps too), if you're being overly rigid PA trading might actually go contrary to your own performance.
[quote;10667731]Massive drawdown on GN, including on to failure to ordinary outside but turn out sour Right time to be wrong side of the transaction, still holding to check on monday if possible to escape on less harm. Only if there's a retacement into the reversal or downtrend continuation. Or else to bite the bullet to the expensive error. image[/quote
Realized loss of 27%.
Flipped the trade.
[quote=Rmg;10671362]Clearly emotion got in your way because it will in everybody's case. When you state it was reversed by you what exactly do you mean?
last transaction for the afternoon, can't over transaction again.
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