Nice joke Dale 
Thanks anyway, good to know that someone is reading this 
06 I understand that the stock market is associated with the possibility of losing money.
Such a simple, yet significant part of investors or traders do not understand this until they lose their funds.
The stock market is a great place that gives you amazing opportunities to get rich. But there is nothing for free. The more we want to earn, the more risk we have to take.
There are no shortcuts.
One could write a book on the approach to losses, but a man learns from his own mistakes.
First, the hopes for quick and high earnings without risk will fall in you, and then you will understand that loss and profit are closely related.
Remember that capital on the stock market is necessary to earn money. Therefore, if you risk a lot and lose a lot, in the end you will not have anything to trade.
Finally, we will remind you of two famous rules of Warren Buffett:
Rule No. 1
Never waste your money
Rule No. 2
Never forget about rule # 1
#6 Invest in accordance with your character
Some prefer peace and security, others risk. Do not invest in what is popular, but in what is consistent with your approach and character. The funds are meant to work for you for years, which is why you need to feel the psychological comfort. In the end, it’s only you who are responsible for your money, so you have to answer the question if the project meets your expectations.
This doesn’t look great.
It is only one week… 
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7 Do not invest with emotions.
We hear all around that everyone is investing in a given project and making money. What are we doing? We enter the project as soon as possible without questions. Because we will pass a great opportunity to earn money!
And then it turns out that, in total, we really have no idea what we put the money into. That the results are not what colleagues said, etc.
Trading on the stock exchange under the influence of emotions is the worst harm you can do to your money. Is Warren Buffett buying company shares because they are popular now? No, before he makes a decision, he will get to know the company, learn its pros and cons, opportunities and threats. First of all, he will understand the business model.
What is fashionable is not always profitable. Therefore, before the next investment decision, put your emotions aside, take a step back. Look carefully and then take the appropriate action.
07 I understand that I cannot trade on borrowed money on the stock exchange.
The stock exchange is such an interesting place where it is very easy to break even the toughest characters. We often say that the chart is a kind of mirror in which all our weaknesses show up. Emotions are the greatest human weakness.
Imagine a situation where you do not have the funds and you borrow them. Then you slowly lose them on the stock exchange (or you quickly lose it). What’s going on in your head? It was supposed to be different, you can’t afford not paying the installments. The pressure is rising over and over again. You stop acting rationally and start thinking wishfully.
We only invest money, the loss of which will not hurt us and will not cause financial problems.
August was lossy month which is nothing unexpected.
Ok, now vacations ends and it is time to breakout last high on capital curve.
First week of September was quite good, not many trades but nice profit.
So, after one week I almost get back to starting position of the beginning of August.
Is it a part of your strategy that losing trades are consistently bigger in pips than profitable trades. Just looked into your performance in Myfxbook and found that feature.
Hi Ontario,
Yes it is a part of strategy. If you check MAE/MFE tab, you see that most of trades are closed on modified BE and those trades counts and lowers the average win in pips. So as you see those averages (in pips) are completely worthless and don’t tell you if system is profitable or not…
