Quote:
Originally Posted by 4xStar
Today is like watching paint dry. What happened to the spectacular 500 pip moves in 10 hours?? She needs to hurry up and tag 211 so she can either do a momentum breakout from there, or a really deep retracement so we can have fun buying all the way up again.
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BUY on the way up? Like dreamliner? Buy every 10 pips as price moves up?
I tell you that would have worked excellent during that last mad run up.
I sold my last loss leader in that run in the low 209's. Heck I should have held it and sold it at 210.60.
Now I have 2 longs in the low 210's & 1 in 209.79. She may retrace some down. But there is once again what I refer to as huge upward pressure.
So it is wishful thinking I think here to count on it retracing to 208.50.
If we got that low I would be loading up @ that price for the ride up into 211's.
It is about the pips. Play for pips. Play with your "why" in mind. Forget the money real or otherwise that go along with the pips. pips are pips.
Play for pips, that's it forget the negative mental stigma that is attached to that demo vs real account struggle. You should be trading your demo account initially to learn the platform, but ideally you should be trying to trade in the exact way that you would IF your account was real money.
You have to treat the pretend money LIKE real money. It is almost pointless to be making millions in your demo account and hundreds or thousands or nothing or losing in your real account. It is a pschological flaw to allow your mind to tell you that there is a difference between a live and demo account.
It trades the same way, the market moves the same, nothing is changed because you are or are not using a live or demo account. The market does not behave one way because you are doing demo. And then another way because you are trading live. The only place where something has changed is in your mind.
An important man once said:
"there is the same light of the creator in the penny as there is in the billion dollars"