I had 2 catastrophy days this ending month : 14 and 20 Nov. With a maximum loss of -5% allowed on these days, my monthly performance would be 3 times bigger!...
I can now have a regular daily 2-5% most of the days. More consistency and emotions control is needed.
1 comment:
Mahendra
said...
This shows one thing that no matter if you are expert or new comer, but losing is part of life and the person who accepts this reality is able to achieve big things, but if we keep on ignoring this fact then we are not going to reach far in life. I work with OctaFX broker where all my losses are helped big time due to cash back facility where I get 50% back, so that helps me so much and allows me to be successful very easily without much trouble.
"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
"Μηδείς αγεωμέτρητος εισίτω μοι την θύραν". Plato
"Toute lucidité est la conscience d'une perte". E. Cioran
There is nothing to sell on this blog. No signals, no "systems" for sale. Just my trading plan and the recording of my trades on eur/usd and the fx euro future recently. And the books, the music, the films I like.
The Forexbird is a professional currency trader. He is also photographer and engineer, a maths and music addict and curious about everything.
I got a few pips and then I left monitors to take care of my daughters. When I came back, price was 70 pips down...
Risk Disclosure
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The author is not liable for any loss or damage which may arise directly or indirectly from the content of this website.
1 comment:
This shows one thing that no matter if you are expert or new comer, but losing is part of life and the person who accepts this reality is able to achieve big things, but if we keep on ignoring this fact then we are not going to reach far in life. I work with OctaFX broker where all my losses are helped big time due to cash back facility where I get 50% back, so that helps me so much and allows me to be successful very easily without much trouble.
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