Lol ‘no one went broke taking a profit’. You’re obviously new to trading and are regurgitating from the internet. As you gain experience you’ll realise this is wrong… both what you said and regurgitating from the internet.
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Studied Studied Studied
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thetradinggod: Also learn to stop checking my trades and just let them play out. The market is going to do what it does wether I am watching or not.
Me; The most valuable advice indeed. All the times I set my target according to price action, market does go there but because I keep on refreshing every now and then, I end up closing trades earlier with little bit of profit or loss than realising a big profit. I need to develop more patience. I often talk to my friend about trading and tell him where the price is heading. I have an accuracy of 80%-90% and i am not lying about it. I could have been a profitable trader but I loose as i close my trades earlier, mostly in loss, only the price to come back towards the direction of my trade.
The other mistake i make is that i trade on small account and open large positions, thus, leaving me with little back up and in return i am forced to close trades after receiving margin calls.
This is the first time i am writing and by doing so i am letting my ego go and acknowledging that something is wrong which needs to be worked on. Hence, i have taken the very first step which i sbould have done it a while ago, but its never too late to do the right thing.
Sorry about the essay but hopefully it will help me in the future as i am letting my self go for the first time. Now i realise how important is it to participate in the posts like this as it motivates you to keep commenting/ coming back to share your feelings.
Q: How will it help us improve?
A: The answer lies in the fact that you can only come back to post if u have balance left in your account which motivates you to not to blow up ur account on a single trade and be more patient. As they say “live to trade another day”.
Patience Patience Patience
DO NOT BE GREEDY
~Sit back and analyse once you have hit your targets before jumping in to ride on the next wave.
I will appreciate you guys feedback, if any, on any part of this as it will motivate me to participate more often and hopefully it will help others.
Keep positive and keep posting. 
Sony
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I believe you. Many of the markets best “analysts” can’t trade profitable despite being correct about the market direction almost all the time.
Meanwhile patient traders who are wrong 50 even 70% of the time can be profitable.
Definitely scale down your positions size so that you are able to place your stoploss away from the noise.
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I understand what you’re saying but what I mean is what was it that changed things for you for the better?
Gain experience, try to deal with more experience traders and for sure lose money and learn on new mistakes
I think sticking unwaveringly to my trading plan helped me to enter the territory of profit. When I traded without trading plan I was getting many unexpected losing and profitable trades (big profits, big losses) what was difficult to manage psychologically
Yeah for sure i need to work on position sizing to be able to consistently profitable. Also, i need to avoid over trading which is the next hurdle to surpass.
Thanks for your input and keep posting to upkeep the positive vibe.
completely agree , there is no way to get improvement within overnight , gradually we have to develop this nature , so we should always focus on our daily improvement, if anyone doesn’t improve than last day , he will not become profitable at all.
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Constant losses, finally lead me to write down my trades and everything, my strategies. i back tested for a month before going live again. eventually realized what mistakes i was making and here i am today all satisfied.
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good question
i really need some help
Sarkari Result Pnr Status 192.168.l.l
What should I do to prepare myself?
Patience is Virtue in Trading. Learning forex everyday and using that to make strategies helps a lot!
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Thanks for the advice @QuadPip. How long did it take for you to eliminate your fear of losing trades?
Took me about 1 year of intense screen time to improve my analytical skills and to get rid of my bad habits such as not trading with the prevailing major trend, taking trades because of FOMO and attempting to average down losing positions, among others. As my win rate increased and my confidence grew, the fear dissipated.
Now if I’m unsure about my analysis then I wait until price shows me where it is going before I will enter a trade. I don’t enter into trades unless I’m very confident that price will do as my analysis suggests. Of course I could still be wrong and in that case I will exit the trade and accept the loss in a mechanical fashion without emotion when that becomes evident in price action.
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I speak as a daytrader and scalper:
-no more entry prior to an upcoming signal! I mean entering a trade because “it looks the lines will intersect next seconds so i go now in to get a better price”-in 70% of the cases they did not intersect and the trade was gone…
-Canceled the account with market maker and went to ECN account without manipulating my closing prices and spreads
-as i had the time, i played the game "i am a full time trader from 0800 untill 1700hrs.So i was not under time pressure as many are who say “okay, i have two hours free for trading, i must get the best out of it” (by the way-i think that is the main reason why so many private parttime traders fail in the official statistics)
-i cut the number of trades and took only “the best of the best”-from them i worked out the signals and just use these signals.
-as i traded and trained full time trading, i learned, that there are some times up to 3 hours when no trade ocurs (i mean no “sure trade”)-in former times i became nervous after one hour no trade opportunity and said to myself-“fu…, now i must get in somewhere to make some bucks!”
You can fancy the results of such trades…
-no more “gamble trades” just for fun
and at last an old trader proverb a little bit modified:
“10 pips a day, and in may i am away!” 
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Reading all the answers I feel a weirdo. I have studied technical and fundamental analysis of companies, and everything was losses. Until I began to wonder what could be my advantage against big capitals. The only advantage I have is that I can get in and out very quickly, or in other words they can take several days or weeks because of the large volume of contracts they may have. Then I wondered how I could spy on their positions, and found the COT reports. These reports contain all the positions of all market players classified by type. When I was able to understand all that number of numbers, I realized that I am only able to win when they are deep inside and want to get out of the asset. If they are not within the asset, the value is freer. When they want to leave the asset, the address can only be a long-term one, if they are too short it will have to go up, and if they are too long it will have to go down. The confidence is so great that I no longer use STOP LOSS, and my operations can be extended for many months. I do not recommend my operation to anyone, but it is the only profitable found so far. I feel weird because in a year I can do 3 operations, when others do 3 operations a day. The knowledge of financial options (not binary options) was also a great discovery. Being a programmer, over time I became a software that facilitates decision making.
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Lots of research.
Learning the basics through demo first.
For me it was when I lost 15 consecutive trades in a day . The money i lost was so huge that i couldn’t trade for 6 whole months because i had to recover my losses. All i could learn from that experience was that trading is not as easy as it seems when you make a profit. It can not just make you rich but it can make you bankrupt as well. Plus greed and patience is one thing which will never let you take logical decisions.