Experts, help me please!
Results 1 to 5 of 35

Thread: Experts, help me please!

  1. #1
    Hi guys,

    I just wanted to speak to somebody, I feel so desperate because I'm doing the same mistakes repeatedly. I just need someone to give me advice about things to do to fight this. I have had ups and downs in my account and I feel really frued. I do not want you to read a long story, so I will shorten it in some lines, please if you experienced this before, or know how to get over it, please give me advice. I'm going insane cause of this.

    - I find myself many times final profitable trades until they get to the goal I planned ( And in over 90% of cases the goal is reached ) when I close only 10% or 20 percent of my goal cause I fear that the position will undo on me.

    - In many instances I open a position that I am quite sure about, and it shoots me against me then I close it in reduction but it subsequently returns to my planned goal.

    - Why do I feel that the transactions I live in for longer time give me hard time and bigger drawdown, and the transactions I close become the most profitable?!

    - Can this happen constantly by chance every moment? Can it be my bad habit?

    - Only thinking that I might have made 1000% of what I made from trading logical and making my own goals makes me go crazy. How do I beat this feeling?

    - Now by way of example, the crude was exhausted on the downside, so I bought a little early, it moved by 80 cent or so, I bought again, it didn't move I shut a large loss then it rolls up. Is that my bad habit? The market will not go in my way until I close my positions. It happens more frequently to me, I suggest that is like 80% of my transactions are like that, why? Could I be just a little unlucky? Am I impatient? What can I do to get over this dilemma please?

    Is trading really not for me personally? But nearly every trade I pick (It is not holy grail) but over 95% work to the goals I planned. So why this happens? I'm losing origin of my mindset only. I close too early, or take lose while it is a profit commerce (just require time)

    Please if you have some advise for me to overcome my plogical issues with trading I NEED to listen to them. I am really fed up and can not think I have lost money as a result of my fear only rather than since the transactions were bad selections.

    Thanks everyone for listening to me.

  2. #2
    ^^^^ Uhhh ok. So you began with UCAD but proceeded onto GBPJPY.
    I did detect the excitement and expectancy going around. I am curious to see if it could go past the 161.50. I did notice that the pin bar rejection on the down trendline from Sep 2015 on the daily chart. But I will want to see it occur before making a move. I bet on which I see instead of in anticipation.
    You've got a significant point. Plogy of a trader - that is indeed something to work on.

  3. #3
    USD/CAD is killing it for people that were short. I actually just took profit on that trade since I feel like it's gone pretty far pretty quickly and it has not been moving much in a straight line till today. I will reevaluate if we see a bounce.

    Today, a couple thoughts on plogy because I am sure a fair number of you are freaking out. There are three egories of traders panicking right now:

    1) Those who were short (from where ) and took profits to get a measly 100 pips or so then chose to re-enter to a pullback likely sometime last night in the mid 162's. My take on those men is that you are not a swing trader and should not be in this thread. You have greedy. You have created your own bed, now you have to lie in it. But I don't have some sympathy with this particular group.

    2) People who took our first trade of selling around 165.00 (or any of you got it higher) early in the week. However, you added too harshly as I mentioned here. Now you're underwater and freaking out. Now, you want to rate your own risk and hold on because you believe the trade will work out and you're not likely to add more, or bail out so you are able to think with a clear head. Whatever you choose, learn from the mistake here.

    3) People who took our first trade of selling around 165.00 (or any of you got it higher) early in the week. The difference on this specific group is that you added to a position responsibly or didn't add in any respect. You are still well in-the-money with this trade... probably to the tune of 100 pips. Good on you! But you're still freaking out. You saw the trade go well over 300 pips into your favor and now you're just up 100?!?! Not fair! Well, that's the life span of the swing trader and if you're not used to it, you better get used to it.

    The key for this group is going to be not to panic and comprehend that nothing has actually changed yet. The true test will be if/when we exchange back to 161.50 -- do you take profit and congratulate yourself on bailing out of this trade having grabbed all the pips you should have grabbed before? If this is the case, you've learned nothing about swing trading.

    Or, do you hold tight if it matters the most, let's price trade through 161.50, through 159.50, perhaps down to 155.50 and beyond? If you can do that you will learn a lot about swing trading and a lot about yourself and your own plogy. If you can do so, you will have a hell of a trade and you will make more pips in a week than others make in weeks (or ever!) .

    We had been confronted with this exact same situation last week. Some traders closed their shorts when we exchanged back to the base of the range even though I told them they would want to and they should not. Some stuck it out together and we made a boatload of pips longer.

    Which is it?

    This is the quality you may profit fromforexsoutheast.asiain the event that you only search and read, this guy is helping people just like you,no nonsense and quite sucsessful and he has a following of equally tallented traders that give you their insights as well,exactly what a gene pool to tap into for free I cant even start to quantify value .

  4. #4
    Quote Originally Posted by ;
    Trading is simple. Never make it complied. Have patience.
    Maybe you are a professional trader, that is why trading is easy for you! Forex trading is a challenging profession, but it is true edued Forex traders can make regular money here!

  5. #5
    Quote Originally Posted by ;
    quote OP's remark indies some serious fruion with his trading activities. Possibly something more constructive would be to suggest that he take a month or two's break from it instead. I know his fruion, been there done that, for some Foreign Exchange could become an addiction to either get lost cash back or because they can not stand not knowing the answers. Sometimes it's wise to just return to real life for a little instead of becoming totally obsessed. He certainly shouldn't hold his breath and stress himself so much, it's a long trip ahead...
    The point midouch is at and his fruion is, as I said, and since you already know, a regular part of the procedure. There is a lot of stages where quitting would give some instant relief but his assurance is being contested ready for another phase. That's why I got hissy in the telling him to very. Time out is solid guie, a fact check helps him overcome his anxieties, thanks for coming back with something much more constructive.

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.