Post your mistake here - warn others - Page 3
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Thread: Post your mistake here - warn others

  1. #21
    I knew from the beginning that ALL the stuff found in publiions, videos or internet stuff do not work. Yet at the same time I do not understand what works. I do not even understand what I had been searching for, in what shape or form. All I know is it has to be logical, make sense and could be quantitatively proven. My mistake is re - I presumed the hunt will probably be within a couple of decades, 3-5 yrs possibly, but I was far off target. Second mistake, I couldn't resist punting kindly eventhough I knew back then I understand I don't have any edge. I waited years to get something to gel but admittedly there is nothing definite, so out of fruion and impatience I took to betting on forex. Yes I state betting because I couldn't substantiate logically with concrete evidence why I'll want to punt a dime with this forex market, let alone earn money from this effort. My two errors I hope other people can learn from it - it is much much tougher than you imagine it to be.

  2. #22
    Quote Originally Posted by ;
    quote good my mistake was that I believed you will find systems that work and that does not. Did not know anything - to manage the losses and concentrated only on winning.
    Many traders were scared to start a position since they were concentrating themselves on motives to lose instead of reasons to win...

  3. #23
    Quote Originally Posted by ;
    quote Some traders were afraid to open a position because they were focusing themselves on grounds to lose rather than grounds to win...
    Should you fear of losing cash, then quit trading. Its not only for you.

    Trading is all about optimism.
    Having negative thoughts will turn you into an emotional wreck.

  4. #24
    Quote Originally Posted by ;
    don't rely on indiors. The moment I begin to consider trading with no indiors, my trading enhances. If you youtube some previous videos on Foreign Exchange trading, you'll be surprised that there are no charts whatsoever - only a quote machine. At this time you have to discover how you can exchange without indiors. This is going to be the best starting point to the own trading journey.
    Nice one there. But like purpose said, u need to stick a few indior to prevent some confussion on mind. At least three or two should do.

  5. #25
    Quote Originally Posted by ;
    quote Nice one there. But like crucial point stated, u need to stick a few indior to prevent some confussion on mind. At least three or two should do.
    Agree. Personally, SMA and BB are enough to help me assessing the market motion.

  6. #26
    1. Cashing in on winning traders too soon
    2. Fiddling with stop loss
    3. Rather than waiting for the price to come where I'd like rushing in on a trade consequently wider SL bad risk reward trade
    4. Greed
    5. Fear

    Its true you can't conquer the market together with indiors, there needs to be. I believed I had found the ideal formula to consistent profitability but boy I was dead wrong.

  7. #27
    Over trading is the biggest curse for many... I think everything starts from this, if we do this right than we could make it big.

  8. #28
    Quote Originally Posted by ;
    Over trading is the biggest curse for all... I believe that which starts out of this, if we do this right than we can make it big.
    Very true!

  9. #29
    Good mind is essential for forex trading. Before I always wish to cover lost asap, I discover that forex trading filled with opportunities, we should constantly make proper time trading.

  10. #30
    2. Fiddling with stop loss
    3. Instead of waiting for the price to come where I'd like rushing in on a commerce consequently wider SL poor risk reward trade

    According to Piquant a few posts up. Goes for me too. However, I have seem to mended the NR 3 problem with a Checklist I made that I must commit myself to earlier every trade!

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