[QUOTE=“Bartowke;737558”]@eddieb, I will certainly read about your strategies. And secondly thank you for that link. It seems indeed a very interesting thread. @ Pipmehappy, actually I like your trading style. I only got 1 problem with it and that is that I’m not sure that you can live from those trades. Secondly, before you were in the 60 pips profit that you have got now, you were (more than?) 500 in red, which is probably a huge unrealized loss. I don’t think that I would be able to see that unrealized loss going up and up every day. I would think “aah, damn, bad decision of me, I close this before it get worse”. Then the hardest question you ask me is what kind of trading I do. I almost get tears in my eyes when I’m starting to write my answer. I actually after 7 years still do gambling and no trading. Worst of all is that now almost all my savings are in my trading account and I’m scared every day that I will wipe all my money away in just a few minutes. I can do that. I did it before with an account that went from 2k to 7k and then I drank too much in the evening because of all the stress trading gives me. I thought “I will make another 3k now with Japan at 2AM (tired as hell, doing exams of university at the same week), then I have 10k in a week”. And I just gambled. Lost. Increased. Lost. My account the next day? 7$. Then I told myself: now you are going to trade a system and only the system. Don’t do revenge trading. I had a good system, with es mini futures. I executed it on a demo for several weeks. It worked, no losing days. After a few weeks I check the charts and see that my system wouldn’t have performed well at all. And then I throw it away. I have another system which is not really ready yet with EURUSD. It is almost perfect, but not perfect. I find it so hard to live with something that is not perfect while I know that a perfect trading system does not exist, I’m already searching for it for 7 years now. I have great daily systems, but then I say “profits come too slow and too little”. I did a lot of reading yesterday and today on this forum about revenge trading and trading discipline and I hope that I can do it. The most important lesson is simple: don’t see a losing trade as a personal failure. It just happens. Don’t do revenge trading ever again you crazy dumbass. I funded my account just last week. I already gambled the first evening. I told myself I wouldn’t do it. But then I thought I’m very smart and just watch the chart and make some dollars. Started the week with a loss of 10% of my account in half an hour. And in two days I gambled it back and now I ended the week with a little profit of a little bit more than 2% of my initial deposit. And of course the feeling is mixed but it is not good that I got rewarded for taking risks which are just unacceptable and could cause me really my death. I think my account could have decreased with 50% or so if those two trading days went wrong. It is just crazy. Ok I think you are very bored by now. So the thing is: discipline. Only trade a plan. Always plan the trade. Don’t care about a loss. When I get that really destructing urge to gamble I need to turn on a computer game as fast as possible or shut down the computer and jump on my bike or so. I like trading. I’m already studying on it for 7 years (more than 40 hours a week). It’s really a passion (addiction) and I hope I can make a career of it. But honestly I think it will cause me death instead. Now you will give me the advice to stop trading and do something else. Well that ain’t really possible. I suffer from serious concentration problems and tiredness which makes it almost impossible for me to do a “normal” job like a lawyer or tax consultant all day. Now you probably think: what the heck, what kind of crazy dude is this. I would fully understand. And sorry for my bad English by the way. Wish you all the best, Bart[/QUOTE]
Dude…seriously. Head over to marketgeomtry dot com. $170 per month. Best education you can get.
