Gotcha!Originally Posted by ;
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Don't let it get you down. I went against my better decision a few times.I became impatient after waiting two weeks to this movement and got torn apart; most of us did. My calls were spot-on, my price-points were put on, my timing for them was repeatedly terrible(early by about a few hours every time) and I am even marginally down on equity today. I wasn't revenge trading but I did put my sizing too large to maneuver once I screwed up my rythm. This is the match we play with. There's always a new day.Originally Posted by ;
The market only ranges 20 percent of the time... I don't even think it is sensible to mention it only tendencies 20%. 80% of those profits come from 20 percent of the transactions. Sunday open will tell us where we are going. With that information the scalpers will be able to make back today's losses. But I suspect we already know.Originally Posted by ;
Um, let explain this little 'misunderstanding' to you: there was never in any form -10 pips involved in my thread.Originally Posted by ;
The just -10 was standing for equity SL, which was kept, as in -10% equity SL.
Close sufficient outline. Actually more trades were off and on as I recall, but before the news on CAD also had to lighten things a few, and indeed the retracements/swings were shallow to take me out.Originally Posted by ;
Compare EC with GC, I think the chart there was kinder. However one can be smart as.
Hey Magic,Originally Posted by ;
Thank you for cheering me up!
I wasn't know you are a reader!
Happy weekend!
I went over the trade (a few times) and always came to the decisions:Originally Posted by ;
1. It was a system commerce
2. The system's rules were followed.
So, an unfortunate distribution of trading loss, but I do not see it is a rogue or revenge commerce, or such. As a trade it was valid as any on this trip.
Originally Posted by ;
Kick a ass next week, dude!
Do what you understand how to do!
By -10pips transactions I supposed that the winners, I scrolled through your list of past transactions and you generally close trades in -10pips or less I've never seen it go beyond -10pips, yes I do know that you place a 10% equity SL maybe it was my writing that you just misunderstood or maybe I'm totally off.Originally Posted by ;
Like I said I'm not in a position to blab on about it all. But I'll be rooting for you recovery !
It had been system trade as far as any might be, not much to do with impatience. At times, usually later portion of the day, specific system attributes can be safely dropped, or omitted, but this trade was not one of those. This was a 'normal', complete criterion met one. Albeit with no ending.Originally Posted by ;
That possibly an illusion, coming from the fact that 95% of the time I have winning times, and 90 percent of the times things are smooth sail? ...Originally Posted by ;
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Every day can't be profitable, you have numerous sunny days, they will continue today, after couple of rain drops.
It was not train.
Every business experiences its setbacks. Fantastic news is you are still in business
of the one, staying forward, I will be sureOriginally Posted by ;
as multiple occasions said, it is a journey, has ups and downs, and am/was/will be open that it is neither the only path for me, or the right/only time to really do.
Using a Beckett quote:
barely tried. Ever failed. No issue. Try again. Fail again. Fail better
happy weekend!![]()
Gradually getting into trading my primary account.
On slowly I mean in the moment I am using 1/3rd of the preceding risk.
It seems to be a fantastic idea to perform.
Then it doesnt, when the evening is going smooth as well as this tuned down risk earns 0.2 percent. Suddenly reduced risk is an opportunity wasted to get a chunk of the drawdown back.
but trading isnt a race.
Yet trading is a race.
Inevitable, a few drawdown will be constantly current, luring to hit. The task is to recover to new equity high before that occurs.
The certain way to recover is to trade as normal, with the regular risk involved.
If anybody attempted horseback riding, probably familiar with the word that if one drops the finest is the soonest to get back to the horse. The damage that is least emotional.
I had the luck to be an acceptable rider back approx 2 years, and had my fair share of falling and getting back. Please subscribe to the side the way to do so.
Trading isnt too different, in my mind.
But it is not only pain or injury. . .the feelings are somewhat distinct, and also money is connected, which make it a whole different level.
In my case not mine.
I am still in the progress to form thru the damage the back-to-back drawdown caused. About halfway there to get all, right now it seems that by Wednesday evening I may get the opportunity to speak to all the respective parties and outline for myself where each and everyone stands.
It's important on the going forward.
Because I am -afterall- trading for a living, in the meantime must focus on my other, private account, sort of a damage control task. As february was mostly a vaion month, expenditures kept adding up, not expecting this sort of reduction, purely based on history ( of course as in trading it had been constantly thought about when drawn up worst case scenarios to myself, but this is different component).
So, private account is doing ok, and get thru the drawdown nicely due its versatility that it isnt bound by the exact same rules such as the primary or alloion accounts.
Certain, a few riskier moves, but exceptional times call for a few extraordinary measures.
To make sure, CAD is intense weak, for a few days now, and EurCad may be heading another 100 pips greater. . .who may tell. . .but if anything, it had been climbing approx 1200 pips without too much of a pullback, and I will surely anticipate if not a turn, but a few pause within it.
If one bother to look GJ chart lately, there's a lot of similarity on what we expect to see, only that GJ produced that 200 pips turn already, and EC will probably do soon.
But dont take my thoughts for it, (so I place a chart for this), do your assignments, see your levels, and pick. Btw, such as GJ long had been swap friendly, EC short too on the right side of that equation, always a bonus.
Hmm, lots of reading for those who care to see.
Perhaps I should place those promised final photographs from the shore(es) of the island accepted my friends, should help to cheer up the mood a few?
happy trading!![]()