Your and My Lessons Learned Losing and Gaining in Trading
Results 1 to 6 of 6

Thread: Your and My Lessons Learned Losing and Gaining in Trading

  1. #1
    There's a lot of topics regarding if trading could be profitable, or fulltime, or whether it is all just a scam or manipulated, blah blah blah.

    Of course some traders lose, some profit, (I am not using phrase,'win.') And hopefully more profits than losses, but that is over a brief time period.

    Then there is the psych and emotion matter and how to manage it. A second ton of opinions exist within this topic too because there is extensive variation in every trader's psych, emo, mindset, self, injury, unhealed stuff, etc., etc., etc..

    Let's not argue about who killed who... Let's return to the party and find the fantastic stuff. There's a lot of folks posting about theoretical trading belief and you can not argue belief. I enjoy chocolate, chocolate stinks, it is vanilla for me, you jerk. Really? Just how much text can be consumed on that? We could power a small city with the angry fingers typing out answers to fires and trolls when we captured that energy. And then there is the thread dictators, my way or the street, I will ban you and also boast about how many that I banned and just how much of a jerk you're for daring to post in my own thread. Ok, that sounds a little less than helpful, but I guess if you get off that, then it at least helps you, dude.

    That which I do not see much of is traders stating, I lost on this transaction, I have stopped out here due to..., and that I learned this lesson, and this specific egy worked for me or it is a fantastic portion of a method but I snapped it up because..., stuff that you'are' entering into your daily trading diary that I know you all have and are maintaining and reviewing to remember your lessons.

    If you openly expose your failings, clutter ups, and lessons, it just might enable you to concentrate a little more on them. Why? Because that is what I do, I put it out there and think, man, I look like crap admitting to that. However, it sticks in my understanding and I definitely keep in mind the simple fact that, on that particular mess up, I published that lesson and it burns in that memory, which might aid me. The key word here is'help.' I just don't see much effort going into helpful articles, yes there are many, and that I do not mean methods and lines, and theoretical fibbs and level predictions and endless charts that have arrows all over the area, that is fine, but it is not a mistake or a booyah awesomely traded egy with goals either attained or ruined because of a trader's performance or lack of subject to their egy, that's the part that I think is helpful. What did you do, how did you do it, can you be consistent at it, this really is the fantastic stuff I do see some of and when I see it, I go, Wow! That is awesome and really helpful.

    You know that you couple are who do this so if you can pop a copy of it or link to it, I do not want this thread to be the only area you post it right into, or if you see somebody who didn't post this sort of helpful post, pop up a link in here to point us to it. I really could care less if that gets 3 articles in five decades, but the classes that do exist in various sections offorexforum.co.zaare gold. Let's find themput em in here if ya got em. I know I have a couple. Stay calm carry on observing and decent trading.

  2. #2
    Pls excuse my liberty... do you believe me when I tell you that you and the majority of these here don't yet understand what really work and what really don't do the job. Why I mentioned this is simply that if a person really knows what works, after if realised that a mistake he will go on to profit from the next and subsequent trade rather than repeating that error. As soon as you get to this point of knowing what it is really required to profit from a trade or not then the journey to financial freedom will start to roll forward. If not it is always two steps forward and 3steps backward. Please disregard my discussing if you feel slighted by my forthrightness.

    Cheers
    GS

  3. #3
    Quote Originally Posted by ;
    Pls excuse my liberty... do you believe me once I tell you that you and most of them here don't yet understand what actually work and what actually don't do the job. I said this is that if one actually knows what works, once if realised a mistake he'll go on to profit from the next and subsequent trade by not repeating this mistake. Once you get to the point of knowing exactly what it is really necessary to profit from a trade or maybe not then the journey to financial freedom will begin to roll forward. If not it is always two steps forward and 3steps backward. Please...
    Yes, one has to realize the sequence of events leading to the mistake, then document them to help analyze the procedure to understand it. Then review the notes and analysis and then somehow remember the lesson. I'm not so great that I can just proceed without this procedure. I've definitely repeated mistakes and I truly don't like it. However, I've also noticed that when I have posted it in a forum like this, and you will find others, well, it then induces me to create even better sense of this description of this procedure so that others may understand it and that causes much more time and effort into the reason and then posting it has the effect of me double, triple, quadruple, quintuple checking it for errors, omissions, sense making, and when I really have to post such a thing and it burns it into my memory, and I believe that it will help me to concentrate so much extra energy on the procedure that I remember better not to do that. Yes, I definitely do bounce back fast, particularly lately from my mistakes, omissions, poor technical analysis, also that I improve a lot. That's pretty much sums up the point of me starting this tiny thread. I really do see the light at the end of the tube of financial uncertainty.

  4. #4
    There are a couple that are honestly stating when they loose. For ex, have a look at
    on the ribbon https://www.forexforum.co.za/cryptoc...ak-needed.html

    Few months ago I watched a video from among his session and it was only losses following reductions, yet still implementing the rules
    This was a revelation from me to see how a very successful trader acts throughout a losing streak... out there went on observing a few more sessions videos on youtube (not from Mr. pip)... helped me a lot on the delie side of trading...

  5. #5
    Quote Originally Posted by ;
    There's a lot of matters concerning if trading could be profitable, or full-time, or whether it is all just a scam or even manipulated, blah blah blah. Of course some traders shed, some gain, (I'm not using phrase,'win.') And hopefully more gains than losses, but that's within a brief time period. Then there's the psych and emotion thing and how to deal with this. Another ton of comments exist on this topic also because there is extensive variation in every trader's psych, emo, mindset, self, injury, unhealed stuff, etc., etc., etc.. Let's not argue about who killed...
    Hi Corrman,
    A really wonderful idea and so I believe I ought to try contribute. I have been trading OK intraday for many years but decided last Xmas time I would begin an experimental thread to try and implement my thoughts on a daily chart timescale, and posting the whole experience as it happens on a diary thread. I've also been commenting more generally on my parallel daytrading as I move along.

    Quite frankly, I've been surprised how difficult I've been discovering the daily chart trading, clearly in contrast to my daytrading that's chugging along nicely YTD. I am a complete newbie on the daily scale, so I have only ever traded forex intraday, and it has given me renewed compassion for novice traders beginning out.

    Instead of posting here, all are welcome to drop by my diary and see me acknowledge daily to my struggles and failings, it's all actual trading on a real account. It's nothing I shed self over, it is only a learning curve and I'm pleased to talk about, warts and all.

  6. #6
    Ok, I'll go first. I noticed this guy, who I don't understand and that I have not communied with earlier, but it reminded me of everything I would do, post the facts of this trade and stuff.

    Https://www.forexforum.co.za/cryptoc...n-bitcoin.html

    This really is a fantastic illuion of a trade and they guy actually says that he ceased on his final 1/3rd at BE after it was waaaay ahead. That's the honesty and possible lesson I'm discussing this. No boasting about his method, no endless calling with arrows (typically in BOTH directions...)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.