£458 to 458 Italia! - Page 3
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Thread: £458 to 458 Italia!

  1. #21
    Some poorish transactions recently but this might turn out ok.

  2. #22

  3. #23
    Why not just use myfxbook.com?

    Its paths your journal on MT4 and can be Free of Charge. You don't have to be muckin around with snapshots.

    Good Luck!

  4. #24

  5. #25
    Looking at myfxbook at the weekend but in the meantime:-

  6. #26
    Quote Originally Posted by ;
    It is incredible the way the plogy of my trading changed knowing that some people may look at every trade.

    Ridiculously, I spent the last two days trying to ch falling knives! I let a trade run in the hope it would come back.

    I lost nearly 40% of the account but got it back to #516.

    I won't post the transactions unless anybody wants to have a laugh.

    The 458 seems a very long way away...
    I hope this is constructive. I've just traded once without a SL. When I first was learning to exchange, I was trading with stupidly massive places for a newcomer. I had a #30k account but even so, I was taking places with roughly #50 a pip size. I captured a sharp movement in the wrong direction and panic set in quickly since I saw my loss fly into the many hundreds in a matter of moments. I instantly decided to double up the opposite path, so sure she was going to flip (averaged in, in a fucked up kind of way). Then I started doing so in all manner of instructions until I had about 8 transactions on at precisely the exact same time and had no idea where I was with everything. Finally I bailed out at #350 loss which I was grateful for as at one stage, my unrealised loss was well over #1000.

    This was all the lesson which I needed. I started using a stop on every order after and being uber disciplined became my driving target. About 20 trading egies and lots of countless hours of slapping myself around the chops afterwards and I am still not 100% there but so much closer than I ever have been.

    Nobody ever made it in this sport by dropping 40% of the account on a single trade. I have no doubt you understand it but you must take that as a shot across the bows. You escaped however, if you are even slightly serious about this, you can't allow a repeat occur. The market will bite and bite hard eventually, we just get so many chances.

    Best of luck mate.

  7. #27
    Quote Originally Posted by ;
    I hope this is constructive. I've only ever traded once without a SL. When I was learning to trade, I had been trading with stupidly large places for a newcomer. I had a #30k account ....
    Due Trotty! Absolutely agree with you. I dropped the plot hoping it'd come back, afterall what might folks think!

    I've traded my way back to profit and have used a stoploss everytime since.

    Funny how I keep opening the ruler book with stated I was going to throw it away. Successful traders adhere to the rulebook like superglue and their discipline is amazing.

    Thank you for your contribution. I love it and your service!

    Best of luck to you also!

  8. #28
    Quote Originally Posted by ;
    Thanks ! Absolutely agree with you. I dropped the plot hoping it would come back, afterall what would folks think! [IMG]file://C:/Users/Neil/AppData/Local/Temp/msohtml1/01/clip_image001.gif[/IMG]

    I have traded my way back to profit and also have used a stoploss everytime since.

    Funny how I keep opening the rule book having said I was going to throw it off. Successful traders stick to the rulebook like superglue and their subject is amazing.

    Thanks for your participation. I love it and your support!

    Best of luck to you too! [IMG]file://C:/Users/Neil/AppData/Local/Temp/msohtml1/01/clip_image002.gif[/IMG]...
    No difficulty at all partner. I believe most traders have an absolute burning desire to find out other retail traders create it. It's a rare thing really, in most kinds of business, somebody doing exactly the same thing as you in the same time is the competition but not in gambling. As our retail traders make up a poxy 7% of traded revenues each and every day, there's a feeling that we're all in it together against the institutions. The reality isthat each retail trader could be profitable and it wouldn't shunt the markets from the typical patterns much at all, if anything. We must all learn from each others mistakes and strive to create one another as good as we could be

    You are right of course. The defining characteristic that you will find in EVERY successful trader, be it one trading countless for Credit Suisse or the bloke down the road trading micro lots, is subject and consistency of approach. With no two constants, you're not necessarily doomed to failure but much more inclined to find it than success.

    Oh, by the way, when you get the car, be sure you head of to Manchester and give me a ride outside

  9. #29
    Oh, by the way, when you receive the car, be sure you head of to Manchester and give me a ride outside [/quote]

    Will do but they may not still make it !

  10. #30

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