CopyJoe:
Still green after being red for 4-5 days.

Forexislife:
Got burnt today. End of the week for me. Have a great weekend guys.

abham:
Wow, I go get panic attack if dey see this red.

GabsonFX:
GJ manually closed at -25pips, had to cut it short; staying aside on the H4 - a bearish next 4hr candle, I short again, else will stay aside the more

GU and Gold still running...........

Forexislife:
that was me months ago.
Gain and loss don't move me again.

For example, I have had about 5 consecutive losses one time and the next gain covered everything. You know what it means to do same thing even when you lose over and over? Mentally tasking.

Loss or gain, none should move your emotions.

GabsonFX:
You will go places in this business with the bolded mentality.

CopyJoe:
Gold sell limit 1750, sl 1755

samfelly:
Okay. But, I am seeing 1780, Ur-i-Ness

GabsonFX:
Gold currently running 158pips
GU at -48.0pips

See GJ short which I closed at -25pips, actually continued shorting and now I would have been on profit. No regret that I exited it - cos I strictly followed my strategy. I plan to short again in the next 1hr after the currently forming H4 candle closes bearish.

Forexislife:
So this week, I lost 8 trades trades profit from 4 trades yet managed to end in profit.

I guess I have learnt the art of knowing when to cut losses short. We keep learning.

Forexislife:
that was me months ago.

Gain and loss don't move me again.

For example , I have had about 5 consecutive losses one time and the next gain covered everything. you know what it means to do same thing even when you lose over and over? Mentally tasking.

Loss or gain, none should move your emotions.

charly20:
After losing 16% of my equity (for my liveaccprep account),I tried to understand why I lost that large and here is what I understood;
1. Having a limited amount of pairs on the watchlist does not automatically mean no overtrading.

2. I traded with no objective amount to be risked per week

So this week, I decided to amend that and I decided to;

1. Pick only two pairs out of the five on my watchlist for every week.
2. I will risk at most 5%(i.e $10) every week.

The above simply means I have to select only high probability trades for every week. So for this week, I picked two ladies; EURUSD and USDCHF and although the setup played out today I shall hold them till they are exhausted as I'm a swing trader.
For next week, I have only USDCAD as high probability.
The plan to maximize my profit in this week's two trades are to add maximum of 3 positions on retracements.

I regret not sharing pictures for these setups as each time I post, the pictures hardly come out clearly on this forum, I wonder how Mr. Gabson does it

Have a wonderful weekend, y'all

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING?............

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING? ...........

Tony142:





Go back to babypips and study

Feshizzy:

Don't stress yourself over nothing,
A losing week or month doesn't mean you are doing bad.
Nothing works 100% all the time.
My candid advice,
Be thorough with your plan,
Get a 10 year data on your platform,
Slowly and patiently use a simulator to test your strategy.
When tired, if you feel fatigue, learn to rest.
But be very diligent with your testing.
You will learn alot and also know the limits and drawdowns and....
Best Regards

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING?............

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING?............

Feshizzy:


You are quite doing well,
Experience always have some to teach,
Every lose and win from the market directly have a way to shape us to be better or worst.

Just keep up the good work.
Over time things would just naturally fall into place.

VlamesIffect:


I no get your time today....at least i get problem & i speak out....

Dey there dey deal with your losses with your mumu quotes.....

NetValueFX:

Losing is part of FX, so don't get discouraged. I hope the strategy you are trading live with was vetted for at least 3 months on demo?

charly20:


I don't know if a word from an inexperienced trader also counts but I think in this business, we understand that loses are part of the deal and we (I personally) embrace them when they come.
Risk management is never overemphasized because even upon 1 week losing streak or 1 month, proper risk management will keep your account afloat.

Try to tame those emotions though.

Myonepip

Tony142:





Pay me 50k, let me be your mentor



Let me drop another quote untop your head


"If you want to be a profitable trader faster, take the opposite side of VlamesIffect trade, if he buy, sell and if he sell, then buy" - Tony142

VlamesIffect:


Yes bros.....i don't knw y it's going the other way now....

NetValueFX:


Relax, it will still fall back in place. So long as it's a proven strategy.

charly20:
After losing 16% of my equity (for my liveaccprep account),I tried to understand why I lost that large and here is what I understood;
1. Having a limited amount of pairs on the watchlist does not automatically mean no overtrading.

2. I traded with no objective amount to be risked per week

So this week, I decided to amend that and I decided to;

1. Pick only two pairs out of the five on my watchlist for every week.
2. I will risk at most 5%(i.e $10) every week.

The above simply means I have to select only high probability trades for every week. So for this week, I picked two ladies; EURUSD and USDCHF and although the setup played out today I shall hold them till they are exhausted as I'm a swing trader.
For next week, I have only [b]USDCAD as high probability.[/b]
The plan to maximize my profit in this week's two trades are to add maximum of 3 positions on retracements.

I regret not sharing pictures for these setups as each time I post, the pictures hardly come out clearly on this forum, I wonder how Mr. Gabson does it

Have a wonderful weekend, y'all

VlamesIffect:
FOREX DON TAYA ME O...............

LOSING STREAK AT THE MOMENT....E BE LIKE SAY MY LIFE JUST DEY TUMBLE.........

HOW DO YOU DEAL WITH LOSING O..... AH HE NO EASY.....

STRATEGY WEY DEY WORK ALL OF A SUDDEN I BEGIN GET LOSING STREAK..... CHAI.......

GOD WHY ME?....................

HOW DO I DEAL WITH LOSING?............