Remove your emotions as much as possible.

fxoday

Recruit
Messages
467
Yes this is a good point, as we can’t control the market we need to control our emotions as much as we can. Don’t over trade and try to give rest to your mind so that when you come back, you come stronger.
Because retail trader has small funds in the account it impossible to make the price will move, because if compared with hedge funds that they trade with huge capital, sometimes their action can moving the price like as an example, Central Bank intervention currency.
 

bigdolly

2nd Lieutenant
Messages
1,125
Basically people do not respect the market and just want to become rich overnight, that is where the problem lies.
Yeah and it really difficult to track the exact boundary where emotions start to harm you. After all you want to experience joy from a win and want to remove a feeling of a loss as quick as possible and this affects your decision. So the best thing is to avoid both situations and check your PnL less frequently.
 
Messages
187
Basically people do not respect the market and just want to become rich overnight, that is where the problem lies.

Completely agree. Once everyone takes a step back and approaches trading slowly they will have such a stronger chance of success. One of the biggest things I found is being able to forgive yourself. Its a lot harder than it sounds. You will make mistakes and you need to be okay with it
 

sarah2701

Recruit
Messages
57
Yeah and it really difficult to track the exact boundary where emotions start to harm you. After all you want to experience joy from a win and want to remove a feeling of a loss as quick as possible and this affects your decision. So the best thing is to avoid both situations and check your PnL less frequently.
Yes doing this we can try to control our emotions as our mind will be diverted from profit and loss.
 

Eryk Martin

Recruit
Messages
151
Yeah and it really difficult to track the exact boundary where emotions start to harm you. After all you want to experience joy from a win and want to remove a feeling of a loss as quick as possible and this affects your decision. So the best thing is to avoid both situations and check your PnL less frequently.
Yes I agree!
 

Eryk Martin

Recruit
Messages
151
Completely agree. Once everyone takes a step back and approaches trading slowly they will have such a stronger chance of success. One of the biggest things I found is being able to forgive yourself. Its a lot harder than it sounds. You will make mistakes and you need to be okay with it
Right buddy, no one can can become a perfect in the market every trader makes losses and one must learn from them.
 

fxoday

Recruit
Messages
467
Yes this is a good point, as we can’t control the market we need to control our emotions as much as we can. Don’t over trade and try to give rest to your mind so that when you come back, you come stronger.
Yes over trade is something that will make us fall in complexity way, it will confuse how to manage all order, I think will better trading based on the plan rather than based on quantity.

Making much order if almost they get lost, hence decreasing balance, but even though only have one or two order but the end get profit, it will increasing balance
 
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