Feshizzy:


If you hurriedly exited,
It means you were never confident about your entry the first place.

The idea of sniper entry is that they patiently await their target, and when it's time to pull the trigger, they do so with full confidence.

Anyway, always back test your system so you don't panic on trade entry.

You bleed more in training, so you bleed less in battle.

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripped my lot until I saw a pull back where I got regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed me up psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripped my lot until I saw a pull back where I regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

GabsonFX:


Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading. this Kain thing messes psychology..... Small accounts don't try this at home...
[/color]

jammer777:
Do you climb stairs one step at a time or you hurriedly climb with 2-3 steps at once?

I get the analogy, but, boss, na DOLLAR o (mullah, greenback, ego, kudi, owo, money) we dey talk about o . Even though na Demo Contest account, I no wan joke with LOSS, at all, at all. General rule says, Cut The Losses, Quick!

Anyways, thanks. I go marry that analogy with my trading, small small

CopyJoe:
@Gasive

Why did you hold on to your trade last week when you could have closed?



You would have been 1 or 2 steps closer.

Gasive:


My brother,
On a normal I would have closed that trade when it began retracing but since we have to trade a single pair, I saw no need for it. And my analysis was also based on D1 so a 100pip dip is normal.
It will eventually continue selling by tomorrow or next, i will wait on it there's enough time.

And BTW, if multiple pairs were allowed, I would have hit the target last week.
Here's a shot of a trade I took on a replica account. (I intentionally didn't use any of the pairs allowed in the contest so it won't seem like I intended to cheat.)

Feshizzy:
If you hurriedly exited, it means you were never confident about your entry, in the first place.

The idea of sniper entry is that they patiently await their target, and when it's time to pull the trigger, they do so with full confidence.

Anyway, always back test your system so that you don't panic on trade entry.

You bleed more in training, so you bleed less in battle.

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripled my lot until I saw a pull back where I regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

I know they are no PERFECT traders, but Zaddy, I dey look up to u o. No panic again o, cos Na Horse Wey Dey Front Na Him D One Wey Dey Back Dey Look Take Run (Owé awon agba)

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripled my lot until I saw a pull back where I regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

Forexislife:
Leemao.

The bad thing about this kind of issues is, when it hit you hard ehn, it might take weeks to get yourself back.

saintfaculty:
Tesla hit TP

GabsonFX:
This Gold Call Update: Today, I was at war with gold; I woke up to see it almost hit my SL, na so I longed again with double lot, went further against me, I tripled my lot until I saw a pull back where I regained some of the losses.

I entered a revenge still on H1, went against me, entered the opposite, went against me.....then i put my phone under the pillow, said I'm done for today. After abt 1hr, I checked again with rest of mind, longed again still on H1 - my previous position, na so I see that long bullish candle in H1, took about 113.0 pips - yes, this is the push I ve been expecting, thus I gained back the losses, closed it and relaxed.

Gold almost messed up my psychology today, this is not me, mba, I don't trade this way. This is my personal account, not props, av gat to relax and continue at market close today.

Lesson: Avoid revenge trading.

samfelly:
Boss Infofirst, pls, drum it into me, again, why one needs to be PATIENT in this Trade (line of business), because, impatient (I understand someone here is going by dat username) is truly killing me, also.

Talk about Sniper Entry! I entered AJ Sell at 81.109, but quickly existed cos I thought it will go against, but behold it fell down, neat. And I am here wondering why do bad things happen to good pipo?

Pls, tell me more about the art of being patient

I am still lamenting here just looking at that 1 hour candlestick

BrightFuture48:

Wow! Thanks for your openness and transparency. This happens to us all once in a while as long as one is a discretionary trader. You're bent to be carried away by the emotions and market fluctuations which throw someone off the balance and from our ideal trade plan. But it's always good to quickly identify this scenario and try not to revenge trading, it can throw somebody many days hardwork out in a jiffy.

Thank God you're able to recoup back some of your loss. But there is one technique I am trying to sniff out of your trading stats you shared few days ago on your FTMO challenge. The art of CAPITALIZING on your winning trade with that Excellent Lot Sizes. Do you pyramid while covering the lot already in profit or what?. Its amaze me but I really what to learn that technique if you mind sharing it.

BrightFuture48:

Wow! Thanks for your openness and transparency. This happens to us all once in a while as long as one is a discretionary trader. You're bent to be carried away by the emotions and market fluctuations which throw someone off the balance and from our ideal trade plan. But it's always good to quickly identify this scenario and try not to revenge trading, it can throw somebody many days hardwork out in a jiffy.

Thank God you're able to recoup back some of your loss. But there is one technique I am trying to sniff out of your trading stats you shared few days ago on your FTMO challenge. The art of CAPITALIZING on your winning trade with that Excellent Lot Sizes. Do you pyramid while covering the lot already in profit or what?. Its amaze me but I really what to learn that technique if you mind sharing it.

VlamesIffect:


Oga Gabson is a boss... Very transparent trader. Unlike some of us here only posting profit....when the trade go into loss...dey go just lock up like say nothing happen.

CopyJoe:
I am still trying to come to terms with using big lot size. It's messing up my psychology big time.

It's as if it's real and not a demo contest.

Losing such an amount of dollars is still strange.

I'll get used to it someday.

I noticed. Well, my friend, you don't have any other choice than to Eat That Frog! The Lord is ur strength

charly20:
Y'all remember the USDCAD trade I was holding since 23/09/2021? Well, I was liquidated today . Profit was not taken because I've been trying to master the art of position scaling. Twice I've been bitten but I'll try again.

My trading style is quite different and I'll try to "bleed as much as possible during training" so that I wouldn't bleed much on the battle field.
I'd love to hear any advice from more experienced swing traders who do my type of swing trading on how I can improve as regards position management.

My trading history since I started this account proves that gold has been a major setback and that is why she has been asked to take a break from the watchlist


I'm still bullish on USDCAD BTW

VlamesIffect:
Boss e fit dey in your favour....even me i just check Fo.r.e.x fctory and red news coming up on audjpy and nzdjpy....i dun move my sl to pay for my swaps.. Incase e buy.

samfelly:


But the Red News u mention, no bi USD e affect?

charly20:
Y'all remember the USDCAD trade I was holding since 23/09/2021? Well, I was liquidated today . Profit was not taken because I've been trying to master the art of position scaling. Twice I've been bitten but I'll try again.

My trading style is quite different and I'll try to "bleed as much as possible during training" so that I wouldn't bleed much on the battle field.
I'd love to hear any advice from more experienced swing traders who do my type of swing trading on how I can improve as regards position management.

My trading history since I started this account proves that gold has been a major setback and that is why she has been asked to take a break from the watchlist

I'm still bullish on USDCAD BTW

samfelly:


Kai, Gold Digger sincerely dug into your wallet o

In Broda Shaggi's voice: Bye-bye to yeye girlfriend (XAUUSD)

samfelly:


Kai, Gold Digger sincerely dug into your wallet o

In Broda Shaggi's voice: Bye-bye to yeye girlfriend (XAUUSD)

samfelly:
Nice one! Although, I don't know him from Adam, but our own is Doing Well @ 1st position, 4 days to go. I pray he sustains that Tempo.

While, our very own from FTA, d person of Kaybee7000 is following Bumper 2 Bumper @ 11th position.

Oya, Adura!!!

VlamesIffect:


How far oga sam? Our benz with plate number XAUUSD...no be so o.

my broda Gold no let me dream again o. No worry, another number plate go replace yeye XAUUSD wen dat time come, boss. Hope, they say, is a beautiful thing. We are hopeful

Forexislife:
Leemao.

The bad thing about this kind of issues is, when it hit you hard ehn, it might take weeks to get yourself back.