Manual trade – reverse psychology.

Andre Vorster · Thu, 21 Jun 2018 15:42:19 +0000

I do a lot of manual trading. I discovered a way to test one’s manual trading skill or trading style/pattern. I wanted to reduce the amount of money in my Demo account. So I started trading against the market. So if the market goes up you short and visa versa. The idea is to lose money in order to reduce your trading balance. You have to lose money with every trade. NOT as easy as it sounds I tell you…. You will learn something about yourself. Only with mini contracts though. No more than 3 contracts per trade. Only on the FX/Indices you normally trade. No big stop losses set or trailing stops.! Min stop loss + maybe 2 points. If the trade goes against you more that $50 you have to close the position. (sorry no huge swings allowed here) Close the position before you lost $50-100. Then open another position. You get the idea… In the beginning it’s easy with a big trading balance but as your trading balance reduces you can only take smaller and smaller trades thus making it more and more difficult with every trade to lose money. I found that this makes one look more carefully at indicators and what direction the market is going and one tends to take less risk. Use it… don’t use it… 🙂

This topic has 15 replies, 4 voices, and was last updated 5 years ago by Andre Vorster.

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06/25/2018 at 6:50 AM #74278

Andre Vorster

@GraHal

Sorry. Yes it sounds confusing the way I put it.
It should read “I was determined to get max loss with min profit”.

The “reverse psychology” trading really makes you think when you trade. One’s brain has to work the opposite direction. Because of that one tends to pay more attention to indicators and other detail.

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GraHal

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Manual trade – reverse psychology.

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