My Trading
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Thread: My Trading

  1. #1
    Learning FX trading is extremely difficult. I have a good method to exchange. But I am insufficient expertise to exchange accurately. I am studying FX from past year. I find some problem on my trading. Trying hard to overcome in the problems.
    My problems are.
    1. When my transactions running using profit, I shut them fast, not wait for hit the TP.
    2. When my transactions reached close to my SL, I boost the SL for not hit it.
    3. Occasionally I closed a trade for not moving, after it moving then I open again, then the commerce goes on reduction.
    4. Input a commerce too early, before the get the signal
    5. If I get reverse signal, don't shut it, await SL to strike.
    6. Occasionally my winning commerce convert to loosing trade.
    But i am practicing. I hope one day I can fix my troubles.

  2. #2
    Close my trade explorer.
    Last week and last week I lost huge pips. Figure out the errors
    1. Over trade.
    2. I don't have any guts to take the reduction in time.
    3. Did not establish the maximum alloion of amount loss for every trade.
    4. Cannot find the reverse sign when I am in a particular trade.

    I'm stopping trade for next 3 month from the advice of my instructor. He gives me a few tips for my self improvement.
    Found my errors, these aren't related to the trading this errors are for my own personality.

  3. #3
    Quote Originally Posted by ;
    quote 1. Hi, I personally use rule that stories me whenever the market conducting same direction stay with it until recognized different depending what TF you use.
    Thank you arik_dob.
    My instructor advised me yesterday Continue what you are doing, only avoid the over trading. You will realize what is the way of trading.

  4. #4
    Cut your losses and let your profit runs

  5. #5
    Quote Originally Posted by ;
    Learning FX trading is quite difficult. I have a good system to exchange. But I am insufficient expertise to exchange accurately. I'm learning FX from past year. I find some difficulty on my trading. Trying hard to overcome from the problems. My problems are. 1. When my trades running with profit, I close them fast, not wait for hit the TP. 2. When my trades reached near my SL, I increase the SL for not struck it. 3. Sometimes I closed a transaction for not moving, after that it shing then I open , then the commerce goes on loss. 4. Enter a trade too...
    1. Hi, I personally utilize rule that tales me if the market running same way remain with it until proven different depending what TF you utilize.

  6. #6
    Quote Originally Posted by ;
    Hi, what you're referring to is part of human nature. Majority of people tend to decrease profits early and let losses run instead of cutting losses and letting profits run. The good thing is that you're aware of your errors, now concentrate on eliminating these errors from your trading so that you don't replie them. I understand that it is not hard for me to say this, but trust me, I also have made all the probable mistakes, so that I feel like a plogist about Prozac giving an advice to a customer on how to not become miserable. Anyhow, don't focus on cash, concentrate...
    Thanks for the answer, I'm trying to escape from these loops whole.

  7. #7
    Hi onil,
    what you are referring to is a part of human nature. Majority of people have tendency to decrease profits early and allow losses run instead of cutting down losses and letting profits run.

    The good thing is that you are aware of your mistakes, now concentrate on eliminating these mistakes from the trading so that you don't repeat them. I know that it is not hard for me to say this, but trust me, I have also made all the possible mistakes, so I feel as a plogist about Prozac providing an advice to a customer on how not to become miserable.

    Anyhow, don't focus on money, concentrate on executing your trading plan. Consider lowering your position size to half, it is going to help you emotionally.

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