Okay so when I go on a win streak my ego gets really inflated and I feel like I can take on the world and then some but then I usually end up blowing my gains. What do you do to cope with a winning streak and keep your ego in check?
make the smallest trade possible, and try to lose.
Just to get it out the way…
*try it myself,
79-2 currently, with a 36 win streak, yeeeeeeeeeee
“but i dont want to loss”,lol
Money Never … Signals? Reveal your strategy?
Don’t even ask him for a system, we know Money well don’t we Money! His win streaks are however impressive. Still unsure about the RR, but that’s down to him!
Just trade normal according to your system. Don’t be emotional.
Keep on going till you get your first loss. Stop and analyse what ya did right… repeat that tommorow:)
Thats right Jezz, lol…
Usually, I end my win streaks by even posting my stats, like clock work, so my streak shall end pretty quickly, like any second now, lol…
Recently, John Madden was asked about how Bill Belichik ( NewEngland Patriots coach) consistantly has success season after season, and John replied by saying, " Bill always grinds, and never admirers his success".
46 streak current
Disgusting numbers, practice, practice, practice… Done for today, till 4:45PM est
2 loses, which were due to slippage and Trailstopped in negative territory.
Hey traders, update on this crisis
Current win streak is 77 wins
Done for the day, Tappin out,
not even a Like?
:53:
OK, now the Copeing part of this thread,
Streak ended at 80 trades,
Made a bone headed error on MT4, had 2 trades open, and adjusted the wrong Trail, so the trade i had negative 4 pips got stopped out,
SMH, Hey, at least i got it out the way, and it was just demo…
Now, current streak is 17 wins.
141-3 ( 61.8% gain over 6 days)
Hey, i just wanted to ask a question in regards to your trading. Is this a live or demo a/c? If the average win is about 4 pips surely the spread you are paying is at least 25% of your profit (assumes 2 pip spread and you get out on a limit order). I understand this is not an issue is your accuracy is over 90% but it must really eat up your profits.
Hey Pipwhip, this is a demo, but its also the way I trade,
I use a tight trail of 1.5 pips from the door… Sometimes I catch the big moves, alot of times i get just 1.5 pips…
154-5 ( 2 more trail slippage ) 64% gain
My real account is up 45.8% in the same time frame, but wayyy less trades.
21-0 current, 3.5pips ave win, right around were i want to be, or expect to be anyways…
I trade with Oanda, and AU is @ 1.6 spread av
That is really interesting. When i first started scalping it was in demo and i was looking for small targets also. I thought, sh1t this is really easy, then went live, then got boned. I couldnt find a quick solution to the execution problems short of coding some bespoke execution EAs to help with the order entry (work in progress) so i just increased the target to make the slippage a smaller percentage of the pnl.
Props for trading this way. Have you been doing it long? Its pretty intense. I can only do it for about 3-4 hours at a time and im fried.
Thank You,
It just fits me.
I have been scalping since day 1, really, and now just over 3 years. I just see Forex as a " get in, get out, because it can sour fast" type senerio.
I have holes, no doubt, like just learning fundamentals, and tendencies of reaction to varibles presented to the pair.
Just always had the stick and move mentality, and if your confident in the trade, why not use all your bank, and make the most of it…
My goal is 5% gain on opening daily balance, and right now, Im around 7.8%…
I just always practiced to WIN, and be right, but many times surcumbed to moving my stops, and letting losers run wild… Im getting better with it, and its my weakest link in my system, ( mind)
Keep in mind, I also have a 11 month old that I solely have every day, 7-4 daily… So, I have my MT4 platform hooked up with a EA to attach Trailstop to my trades that i Make while sitting in my living room making the trades on my Sumsung galaxy tab MT4 app allll the while raising my baby girl. We get aloooot of time together, lol, and I love it… She is 11 months (almost) and can already run across the room, almost potty trained, tells me when she had to go to the bathroom by saying stinky. Tell me she is hungry by sign language, and plays a mean keyboard, lol… Love it.
Im to the point, i can wake up in the middle of the night, and make a positive trade…
I always said, to master trading, and be able to trade, even in the worst conditions, mentally… Like tyin your shoe, or walking…
*shruggs, I love it,
I know what you mean. I have been testing some of the 4H PA strategies on here. The principals are pretty much the same as the ones i use for scalping the issue is, if the market whipsaws 10 pips 5 times then as a scalper you can walk away with 50 pips. If you are trading long term this moves nets you zero. I’m impatient and don’t like giving money back so scalping suit my personality.
Good stuff,
Get them pips, and hit your goals, and call it a day.
I dont need many pips with my MM,
12-15 pips, day over…