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DAY 18 - LOSING IS PART OF THE GAME

alifari Updated 18 Oct.  in #Trader's blog #Part #Game #Losing
Novice traders often panic when they have few losers in a row. On the contrary experience traders understand that losing is an intrinsic element in the game of trading. This attitude is linked to confidence because experience traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking lar…
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DAY 19 - LOSING IS PART OF THE GAME

alifari Posted 19 Sep.  in #Trader's blog #Part #Game #Losing
Being a retail trader, we have to understand that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because exceptional traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.
There is no more certain recipe for losing than having a fear of losing. If you cant stand taking losses, you will either end up taking large losses or missing great trading opportunities – either flaw…
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Things went wrong with Euro longs

AdamFx42 Posted 23 Jan.  in #Trader's blog #Losing #EUR Down
I am down to 50K now because of Eur longs
It is going to be tough getting back in the top 30 now, but I will try
I am going to go long Nzd next week
I am betting that NZ will not cut rates next week
Nzd is fundamentally low at the moment while other currencies are going up
Nzd is staying down for some reason while Aud recovers - it looks to be technical
I will be long next week and see where I end
have a good weekend and gl next week
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deepti23 24 Jan.

I see your point in going long NZD. If the support zone depicted in my chart is held, we will have a good trade here. Lets hope for the best!!

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Losing is Part of the Game

alifari Posted 20 Feb.  in #Trader's blog #Part #Game #Losing
One of the biggest hurdle a novice retail trader come across is he/she consider every losing trade as a failure instead of learning from it and realizing that losing is part of the game.
Whereas an experienced and exceptional retail trader realize that losing is an intrinsic element in the game of trading. This attitude is linked to confidence. Because experienced traders are confident that they will win over the long run, individual trades no longer seem horrible; they simply appear inevitable.…
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verindur 21 Feb.

Very accurate. ))))))))))))))

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Leetching other people's hope

semperaugustus Updated 30 Jan.  in #Profit #Losing #Hope
Contemplating on where the money i make by trading comes from, there is only one answer: Hope. I live of the hope of others. My trading has no effect on the hope of others, but they do provide me with money, loads of money.
Less than 5% of traders win structural and substantial at trading. I'm one of them. The other 95% or more is losing money. The broker is in between and can afford my profits because other people lose money.
Most of the people who enter the trading business, are hoping for a b…
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semperaugustus 19 Jan.

Thanks.

asdfggggggggg avatar
asdfggggggggg 22 Jan.

Not just hope, you forget about fear! Hope and fear are the fuel that propels trading.

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semperaugustus 22 Jan.

Fear is best kept in the box, with the lit closed.

asdfggggggggg avatar
asdfggggggggg 22 Jan.

Just like Pandora's Box, in fact.

semperaugustus avatar
semperaugustus 22 Jan.

Yep.

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DAY 4 - EURAUD & GBPAUD LOSING TRADE

alifari Posted 4 Sep.  in #Trader's blog #Trade #Euraud #Gbpaud #Losing
Today, I was on the wrong side of the trade big time and lost almost 80% of my equity in few hours. I was caught completely off guard by the surprise rate cut by ECB. Was not expecting anything like this, instead was anticipating some kind of Asset Backed Securities covered Bond Buying announcement and a small bearish reaction, but this rate cut act completely ruined my analysis.
The trade was based on technical analysis as EURAUD was at a monthly support level and was anticipating some bounce f…
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