Whether it will go up or down, you will make some pips if you are ready to act on it :) It doesn't really matter if you can or can not predict the next market move correctly. Sure, it helps if you are familiar with higher probability events, but even a lame entry signal can make you some money if you are keeping your risk low (closing loosing trades quickly) and riding the winning trades as long as possible :)
Both requires quick and ego-free mental control: small risk, no hoping, no swearing, no regret, no revenge - is it looser? Close it! Is it winner? Ride it! Period.
Whether it will go up or down, you will make some pips if you are ready to act on it :) It doesn't really matter if you can or can not predict the next market move correctly. Sure, it helps if you are familiar with higher probability events, but even a lame entry signal can make you some money if you are keeping your risk low (closing loosing trades quickly) and riding the winning trades as long as possible :)
Both requires quick and ego-free mental control: small risk, no hoping, no swearing, no regret, no revenge - is it looser? Close it! Is it winner? Ride it! Period.
Whether it will go up or down, you will make some pips if you are ready to act on it :) It doesn't really matter if you can or can not predict the next market move correctly. Sure, it helps if you are familiar with higher probability events, but even a lame entry signal can make you some money if you are keeping your risk low (closing loosing trades quickly) and riding the winning trades as long as possible :)
Both requires quick and ego-free mental control: small risk, no hoping, no swearing, no regret, no revenge - is it looser? Close it! Is it winner? Ride it! Period.
thank's for your good advise :)
but, no hoping ? so free from emotion, hmm ....maybe like robotrading ? is that true ?
but, no hoping ? so free from emotion, hmm ....maybe like robotrading ? is that true ?
When it comes to trading, it is big advantage to cut off your emotions. In my case they are still there but have little or no weight. But it wasn't that way always and it's a result of daily trainig, writing an 'emotion diary' and digging deep inside of my mind for clues about why Im reacting in certain ways. It's like debugging myself :)
When it comes to trading, it is big advantage to cut off your emotions. In my case they are still there but have little or no weight. But it wasn't that way always and it's a result of daily trainig, writing an 'emotion diary' and digging deep inside of my mind for clues about why Im reacting in certain ways. It's like debugging myself :)
i am learning from that. when traders write their trading journal, it can become so confuse when look for past time he/she got hundreds of profits, and now he/she must write their loss. The profits from that, maybe we can get some correction forself why it could happened.
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