- Search Energy EXCH
-
Finoli replied Oct 18, 2011So you're saying I should simply trade on my own and believe in myself?
How do I move forward?
-
Finoli replied Oct 18, 2011Yes ofcourse. I have, to begin with, experienced every emotion in the live market (fear, greed etc) and starting to at least read about how to overcome it I think will make a big difference in relation to what time you spend reading. Taking Mark's ...
How do I move forward?
-
Finoli replied Oct 17, 2011I see, thank you
It's sounds like such an achievement to 'have an edge'.. maybe it's easier to achieve than one thinks, as long as you learn to control your emotionsHow do I move forward?
-
Finoli replied Oct 17, 2011I've realized more and more that emotions together with money management make up for at least 60% of trading. I am going through Mark's book slowly but steadily to help myself control my emotions. Finoli
How do I move forward?
-
Finoli replied Oct 17, 2011That's a great tip. I think I will try it out
And no, there are no shortcuts.. Today, on a youtube ad, I saw an ad for a broker that said "deposit and get a free eBook! Learn to trade in 20 minutes!" I laughed my ass offHow do I move forward?
-
Finoli replied Oct 17, 2011Thank you. I have small question regarding journals.. Should I document EVERY trade? Even like the ones I opened, realized was a bad one, then closed a few minutes later? Or should I just keep track of the ones e.g. hitting stops or profits?
How do I move forward?
-
Finoli replied Oct 17, 2011Emotions will f*ck you up — When market opened this week, I sold E/U. A few hourst later, I closed due to fear. This is price now: (red label, close. green label, open)
How do I move forward?
-
Finoli replied Oct 17, 2011Yes, somewhat amusing at times
I understand them though, if someone is correcting me about something I'm really good at, I often get frustrated and come up with tons of reasons that they are wrong etc. In the end it often clears up that both are ...How do I move forward?
-
Finoli replied Oct 17, 2011That makes a lot of sense, although it may be hard not to get frustrated along the way. I mean, if you have 10 consecutive losses you may not trade the rest so well.
How do I move forward?
-
Finoli replied Oct 17, 2011That is why I'm reading Trading In the Zone
But yes, I've found myself closing trades several times, just because price retraces. It's hard to avoid thinking the retracement will become the new trend
I've noticed that psycology is the biggest ...How do I move forward?
-
Finoli replied Oct 17, 2011I don't care if it is a real account or not. It regardless proves that those results are possible, and that is certainly something I need to hear. His trading results evened out the balance in this thread. I think more than 25% of the posts in this ...
How do I move forward?
-
Finoli replied Oct 16, 2011Yes, sounds quite nice.. seems hard to achieve such skill though. I sure have a lot to learn
How do I move forward?
-
Finoli replied Oct 16, 2011That makes a lot of sense, but another guy said that trading on the daily tf doesnt take that much screening.
How do I move forward?
-
Finoli replied Oct 16, 2011rofl — Yes, I have learned enough to understand what could be helpful and what is complete bullshit. I never said I have enough knowledge to trade etc, so read my post again before saying shit that is nor here nor there. Uhm, yes? The two are ...
How do I move forward?
-
Finoli replied Oct 16, 2011As I am studying, I can only check my trades a couple times every hour. Most systems seem to be based on the M5 timeframe, which does not suit me right now. Do you know any systems that are based on H1 to D1 tf? Would be great. Finoli
How do I move forward?
-
Finoli replied Oct 16, 2011I am currently reading Trading In the Zone, and I think it will help me get rid of my emotions a bit. Emotions define the gap between demo and live (not mentioning the real money) and learning to control those emotions may help transition easier. ...
How do I move forward?
-
Finoli replied Oct 16, 2011First of all, age is just a number. A 16-year old can be 10 times more fit to become a trader than a 30-year old. And no, i'm not fucking asking anyone about how to become successful, Im simply asking people about what they've found to be helpful ...
How do I move forward?
-
Finoli replied Oct 15, 2011Hello I have realized that $100 is too small of a capital to trade with, and I may therefore wait a few years before trading live for real. I get confused sometimes when everybody says that I should stick with a set of rules or a system. First of ...
How do I move forward?
-
Finoli replied Oct 15, 2011I am still looking for what makes me special. In a few years, or maybe decades, I have that edge that few people have. I also may not, I cannot know that now. Don't think that I am aiming to become one of the best few traders in the world. I simply ...
How do I move forward?