i thank you all very much for your kindly posts but remeber i am not a long time experienced trader so please don’t consider my setup is perfect lol
the only things i can advise you is what i have learned from some great traders:
- don’t trade against the trend
- use a clear and simple setup …an overladen chart with too many indicator keeps you away from the most important thing: the price action
- be flexible…accept your looses and just wonder why you have lost…what was wrong ?
- if you are using an indicator, study it again and again until u completly control it and then decide if u like it or not…but never use an indicator u don’t perfectly control …
- study the price action, the chartist configuration, etc…i use a book from françois baron " chartisme " wich is considered as one of the best chartist book in the world …it is in french but i am sure you can find one good in english ( maybe someone else could advise u a good one ?? )
finally, when u feel comfortable with a strategy, then trade real…even with small lots …like 0.01…u will not loose much money…but trust me…you will pay much more attention to what u do !! lol
another personnal advise : most of the case when i have lost money…i did it because i was too excited by the situation…
so if u feel too stressed or too full of adrenaline…then walk away…and come back later…
if u loose a trade, you MUST understand why…and then …forget it…and start again as the first day of your life…evenso you will do the next trades in stress…and make mistakes…and loose…etc…etc…
trading is like catching girls…even if u re experiented, you will never know at 100% how it will go LOL
once again i dont want to give advise of what to do, because i do not consider myself as a good trader but i just would like to advise not what to do…according to my own experience …and i wish to avoid you doing the same mistakes that i did…but u have to do your own experiences …and losses are parts of that experience…so accept it
bye