doesn’t look good here

Screenshot-2023-04-07-095653.jpg

Added another sell trade (another cardinal sin) stops at 33450  for both trades

Rubbish trade

Should have stuck to my own rules ! no point making them to break them!

I don’t mind giving them a wee bit back now and then, I suppose it keeps there eyes of what i’m doing if they see I’m losing now and then. I was starting to worry about sitting at 98% wins over a time thinking …When they going to stop me taking money LOL

At the level I’m trading it would not make the slight bit of difference to the volume being traded, I’ll not bankrupt them! They should love me anyway with the amount of spreads they take off of hundreds of trades every week.

I shouldn’t be breaking rules anyway, just thought I would kill time by sticking a trade on while waiting on the misses getting ready to go out a walk with my dog.

I made a pact with the misses a few year ago, I agreed with her I’f I break my rules on a trade, if it was 1 rule I broke i would have to stay out the market for 1 day to instill a pattern of behaviour that was beneficial to my trading.

Yesterday would have cost me 3 days out of the market for being silly and breaking 3 rules.

She is more relaxed with the rules now because she knows I’ll make it up anyway.

I’ll stick to the gameplan

The rule was her Idea after seeing me jumping right back in for revenge to get my money back and breaking more rules with the wrong mentality

Just reading that statement above ‘useful as a strength in certain circumstances’

What I mean by that is that it set me up to make me determined to make it in the markets. After loosing a few bob It hacked me off realising that there people can do it and I couldn’t. I got angry thinking of them sitting eating burgers using my funds as the tip so I turned the anger into determination that It would not happen again, it got me focused on trying everything to make sure I wasn’t going to fund there burgers again. It seemed to have worked, it gave me the motivation to put time in and learn what I had to learn. Its like any job, put time in and it will pay off eventually!

In here I’m trying to provide shortcuts to the end goal, if, what I say falls on deaf ears with some people then I can’t help. If however those deaf ears have an open mind attached to them or they can relate to what I’m saying that’s good and I have at least done my best to either remind them of things they already know or enlighten them to new ideas they may or may not have thought of yet.

I’m no expert, I would say I have made every mistake in the book and that’s probably a good thing as far as teaching someone else what not to do. Sometimes its more important to know what not to do as it is knowing what to do.

V true m8!

Another 1 is trying to prove the market wrong and stubbornly hanging on to a losing trade or adding to it to see if eventually it might prove you right LoL

Loads of don’t do’s but most of us have been there and got the t-shirt at least a few dozen times.

Must be hard for those who start with a lot of money, expensive lessons they can become. Fortunately I started with a couple of hundred, obviously after losing that I came back at it with another couple then another. Just couldn’t trade those demo accounts but people starting out should.

double edge sword it becomes trading money you can’t afford to lose!

psychology aspect will wipe you out in no time

One of my friends who trades multiple currency pairs at the same time, I asked him what do you when your not trading and he said .. I put lines and indicators on my charts and check announcements that are coming up the next few days.

I couldn’t trade the way he does. Too much going on, for each currency pair he has multiple timeframes, 4 large screens with too much going on. He does ok with his trading but it goes to show that everyone finds there own method of trading or there own style. My brain runs quick I thought and I like 2 screens but multiple charts different pairs etc for me would cause total confusion and indecision.

He bases most of his decisions on fundamental analysis and support resistance lines as well as 50/100/200 ema’s.

Must be a billion ways to trade, no wonder there is so much confusion out there!