Some overlap on the SCs below but 100% winning strategy
for the last month bringing the DD of $8,200 up to the closing
balance of $10,118
I don’t mind making 23% profit per month
I have closed this demo account as FXPro have appalling
I can’t easily return to my Live account as XM enforce
up to 20 pips or more for pending orders
also when you are nearing TP and need to go out. you
would place a nearby Stop which may or may not be
with XM you can’t place a nearby Stop so you have
to stay by PC to close manually if necessary.
XM are ok on Daily TF as 20 pips is not usually a problem,
but on H1 it is untenable.
So I have opened an account with Global Prime, who seem to
have the best reviews with no legitimate complaints except
quite high SWAPS, but glowing recommendations otherwise.
So my 23% per month profit is now guaranteed?
Not exactly. Everything in DD over the last week, and even
allowing for different broker server times it should even out.
I am conscious that psychological sabotage could be resurfacing
here, causing me to completely change or abandon my winning
If something really worked so well for me for last month, and for
others for the last 20 years, its worth persisting
but with total nonchalance
just check in a couple of times a day with TOTAL INDIFFERENCE to
Robotic as hell
It is only when emotions enter the picture, fear and greed
that things go wrong
If you avoid these two negatives and cultivate the positive
quality of PATIENCE, you should do very well if
you have a proven strategy.
I know one guy on this forum with the most widely read thread
just about, but never quite makes it into consistent profit, although
like me he does come close
but to read his diary entries is disturbing, the guy is so intense
on success he seems to be pushing it away with his obsessive
so determined! up at 5.00am for Buddhist meditation, then down to
the gym to work out, then the positive affirmations, them the EFT tapping,
yoga and hypnosis, the exhaustive analysis of the Fundamental News
from over 30 leading pundits, then the technical analysis.then a break
for a couple of hours for allotted reading of all the recommended trading
It doesn’t matter how many accounts he blows he won’t give up. it
just makes him even more determined to add more self help exercises
and more books and trading resources to his daily routine
There is something known to behaviour experts known as
’ the Law of Relaxation’, or the ‘Law of Reversed Effort’
This guy is living proof of that law, you can try too hard! and
such mental intensity is counter productive
The mind must be relaxed or you will not be seeing reality
when you scrutinise the charts
then ‘analysis paralyses’ sets in and you never win, as in the
case of this guy
I’m determined not to go down that road. I was winning for a
month in a very relaxed way. I’, not going to get stressed now
because of teething problems with a new broker.
My guess is that I will get back into form over the next week or so.
I haven’t had any losers, its just the winners haven’t happened yet