Frustration is: being +45 pip ahead on a scalp you only originally meant to take +10 then trying to close when you see it reverse and you see: requote, requote, requote, because price is jumping around so fast. Then it goes back down even less than your original +10 and you are left wishing you got out at the middle of the move.
Frustration is:
A noun
[B]1 [/B] frustration, thwarting, foiling
an act of hindering someone's plans or efforts
[B]2 [/B] frustration
a feeling of annoyance at being hindered or criticized; "her constant complaints were the main source of his frustration"
[B] 3 [/B] frustration, defeat
the feeling that accompanies an experience of being thwarted in attaining your goals
Frustration is: Trying to control my entry by placing a limit order, only to see it missed by a pip and then price moved to your would-be TP. So, entered a market order on the next trade to be sure of entry, only to get slipped by 7 pips!
Arggā¦ :mad: So many battles to fight.
Iām a bit frustrated right now. Iām seeing all these news events, and markets are going up and down.
Iām demo trading but, Iām starting to feel like this volatility is not a good starting point for me as a beginner. Iām feeling scatter-brained.
Oil prices drop. Ooh I should look at that.
JPY goes up and down.
AUDā¦CNHā¦
Itās so distracting, and I canāt focus. Iām having trouble learning to trade under these volatile conditions.
Perhaps swing trading is for me, but these are not swing trading conditions.
Part of me wants to take a break from demo trading and just review the Pipsology lessons.
Any suggestions? Should I learn to trade under these conditions? Is this anxiety and distraction level normal?
These arenāt NORMAL conditions. Iād advise anyone who has a low threshold for risk to be careful with their positions or just not trade at all and wait for the dust to settle.
True, momoisnyc. I started short trading. Trades that last from 15 minutes to around an hour. Iāll make $20 or so.
However, there I havenāt found as many opporunities as I would like. Iām still getting familiar with different pairs.
The pairs I thought to behave one way, were doing something else.
The USD/JPY was hurting me. I went short and lost. I went long and still lost. That was when I got angry and started randomly looking.
So, I literally, randomly looked for ANYTHING with a less volatile major trendāsomething with fewer pullbacks.
I went for USD/RUB and AUD/CHF, and I did ok there. I did some selling and some buying. So, Iām slowly starting to learn. But, I canāt go live yet. The School of Pipsology warned me not to rush things.
Being fast asleep, only to wake up to find the price went within a pip of your take profit and then dropped off, leaving you still in the trade.