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    Thread: NikitaBelle‎'s trading journal

    1. #4441
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      Quote Originally Posted by sonibark View Post
      well, 200 usd could be somehow small for scalping,i think with that amount of capital its best to trade long term, its just my own observation, because i have tried to scalp with such trading capital, but still i lost the capital very quickly, well maybe its due to lack of good money management, but i still think we should trade long term with small capital, so as to trade less in the market as to avoid exposing our account to more loss
      I personally don't think that 200 is small for scalping because here just you have to regulate the lotsize and adopt the proper money management so that you can protect the account from margin call.


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      I personally don't think that 200 is small for scalping because here just you have to regulate the lotsize
      You are right my friend but on your side. not every trader think like we think about market. scalping is a risky way of earning money but there are a huge number of traders who use it. i also use this strategy some time. $200 is good if we use proper Lot size account to capital and also use SL but if you want to trade openly and use biggest lot size which you can't afford to lose with this capital in case of loss then you need much bigger capital.


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      Quote Originally Posted by Neriah View Post
      If you cannot close your eye at night and sleep because you are in a trade, that is obviously the feeling that you have over used your lot size, forex should be a peaceful business where we are not afraid to lose, imagine someone that has $200 and enters a trade with 2 lot, that kind of thing is nothing but gambling, it means that what is required to cause that account to be blown is just a little move in the wrong position, this is considered a dangerous trading strategy, and it is highly unhealthy.
      It is all about the wrong concept of trading. Newbies come into the market like me and all they can think about is that they want to make fast amount of money from the business. Well,it will not take no trader far. I know we have to take big risk to win big, but some times we are just taking foolish risk and hurting our selves.


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    7. #4444
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      Quote Originally Posted by Alexander Tatsumaki View Post
      you think it is to small now but go back to the beginning of the thread, there you can read about when she did that .. and mc came over and over. 100 pips is not much though, the market has been moving in slow motion but the price has already moved 150 pips since yesterday in the EU.

      sure .. but if you had 2 pips less spread your profits could be up by 20% or even more.. because you use 10 pip tp. but you don't care about that right? then again that new small account got -30% the first week and then +30% the next, it's almost like gambling. ever consider going to Las Vegas?

      the trick here really is to use the small positions, yes. small enough for the account to survive until the next bonus comes. you'd be hard pressed to see a non-bonus account surviving this though. because when bonus comes then there is "equity" and the profit that was created can be taken out, something that wouldn't happen otherwise.

      and then there is the SL .. oh the SL. hey when will we see the SL? remember me complaining about the SL? hahaha


      Yes, in the beginning of my journal I keep blowing up accounts. Am the margin call queen, remember? I will margin call my account again someday, but not now, I wouldn't allow it!

      I don't have to go to Las Vegas to gamble, I can do it here inside our home, trading smallest possible lot size and have fun as much as I want with my Farmville account.

      Farmville account is not a bonus account, lol, it's a real account and am ready to lose it anytime but I will fight to the ends of the earth to make it survive for at least 1 year.

      As for the SL issue, only good trader used SL, am not a good trader am bad, is that an issue? lol. Because am a bad trader I can get away with my trading with out using SL. Are you even using SL in your trades Alex? you should because you are a good trader, hahahaha, hedging? right?
      Me too, am not using SL but am using cut loss That is settled right?

      I can survive with my trading with out stop loss, am sorry I really can't force myself to use stop loss, I rather stop trading than use stop loss....If am using big lot's I definitely would use SL but since am trading with small lot I don't like using SL.


      And this is for you Alex, for your issue of me not using stop loss?





      ~~~~~~~~~~~~~~~~~~~~~~~~~~~~

      Lol, let's have an update my friends....


      ~Farmville~ Real Account with R$bates: $151.18~ Started February 01, 2018~




      @ I have floating trades up there, no worries though they come with the strategy I used, as what I have said before my strategy is risky and dangerous but I wont exchange it for anything out there. I am most excited and having fun with my trading when I have huge floating trades. That is where the difficult challenge really comes....and I love challenge. Just the way I am.

      Below is some of my closed trades yesterday...some are still floating.




      @ That is all for today friends, have a great day and enjoy your trading. Trade well and take care.
      Last edited by NikitaBelle; 02-14-2018 at 08:07 AM.
      Am still hibernating, will wake up one day, all depends on fate. Hope to see you all-soon! Miss you all friends!


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    9. #4445
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      Thumbs up EU DAILY PP LEVELS STRATEGY!

      Hi Nikita

      Today i wanna share with you my Eur/Usd Technical analysis.EU looks bearish from @1.24000 level because there is bearish convergence + holding the upper trend line.Today there is big news of dollar also which indicates that it strong's the dollar so EU will move down if dollar becomes strong
      USA News give dollar a 70 to 100 pips strength
      Attached Images  


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    11. #4446
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      @Alex, @Nikita :- CLASH OF MINDS, LOL

      This is a problem that I faced. Earlier when I was new in this forum, even I was having a lot of problem with a whole lot of traders here about how they trades and I could just say that how foolish they are, they are doing so many mistakes, they are doing opposite to my sensibility regarding trading.

      Later, I got to know that here there are very few who have learned trading theoretically first then practiced/tested/researched it immensely in demo account & then start doing live trading with what all they learned, researched & tested (textbook traders).

      And, most of here, are the one's who have done it exactly opposite i.e first they have started trading live, then later hardly practiced/tested/researched in demo & they don't give a f*ck about the theory (learning trading the hard way, traders).

      What all they have learn't is only through experience of trading live & over the time they have figured out a way that works for them & with which they are comfortable trading & are able to make consistent profit as long as they can.

      I don't know who's better the textbook traders or the one's who have learned trading the hardway, it's a never ending debate.

      But, one thing I understood that each & every trader is right with the kind of method he/she is using or trading with. It might not seems smart to others but it is what that works for him/her & that's the only best available way with he/she can trade the markets successfully. There are many ways to trade the market successfully, what may seem illogical or irrational to some would make some logic & sense to others.

      The main goal of trading is to earn money, consistent money & avoiding losing your capital. And, as far as anyone is doing that then he/she is a great trader & how he/she is doing that whether it is right or wrong is a secondary thing.

      Making money & consistent money, without losing capital, is what important & defines success in trading. And, still 90% of traders in forex doesn't knows how to make money & consistent money out of this market, if anyone is doing that then he/she ranks among the 10% who earns from this market.


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    13. #4447
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      Are you even using SL in your trades Alex? you should because you are a good trader, hahahaha, hedging? right?
      Me too, am not using SL but am using cut loss That is settled right?
      nonono

      but in my case there is no SL but there is always a pending order that is in the same place where SL would be. so there is always protection but if you say you are going to cut loss.. then you are going to, you have to!! hehehe



      USA News give dollar a 70 to 100 pips strength
      if the dollar gains in strength then the EURUSD pair would go down, your chart shows it going up. strong = up.



      @Alex, @Nikita :- CLASH OF MINDS, LOL
      it's okay, i like to make a joke of it

      The Symbiosis mashed up Trading Journal
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    15. #4448
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      Quote Originally Posted by MartyFish View Post
      @Alex, @Nikita :- CLASH OF MINDS, LOL

      This is a problem that I faced. Earlier when I was new in this forum, even I was having a lot of problem with a whole lot of traders here about how they trades and I could just say that how foolish they are, they are doing so many mistakes, they are doing opposite to my sensibility regarding trading.

      Later, I got to know that here there are very few who have learned trading theoretically first then practiced/tested/researched it immensely in demo account & then start doing live trading with what all they learned, researched & tested (textbook traders).

      And, most of here, are the one's who have done it exactly opposite i.e first they have started trading live, then later hardly practiced/tested/researched in demo & they don't give a f*ck about the theory (learning trading the hard way, traders).

      What all they have learn't is only through experience of trading live & over the time they have figured out a way that works for them & with which they are comfortable trading & are able to make consistent profit as long as they can.

      I don't know who's better the textbook traders or the one's who have learned trading the hardway, it's a never ending debate.

      But, one thing I understood that each & every trader is right with the kind of method he/she is using or trading with. It might not seems smart to others but it is what that works for him/her & that's the only best available way with he/she can trade the markets successfully. There are many ways to trade the market successfully, what may seem illogical or irrational to some would make some logic & sense to others.

      The main goal of trading is to earn money, consistent money & avoiding losing your capital. And, as far as anyone is doing that then he/she is a great trader & how he/she is doing that whether it is right or wrong is a secondary thing.

      Making money & consistent money, without losing capital, is what important & defines success in trading. And, still 90% of traders in forex doesn't knows how to make money & consistent money out of this market, if anyone is doing that then he/she ranks among the 10% who earns from this market.
      It is like I say in one of my tips: Try all of the systems and strategies you find and be open on things you afraid to do, but your guts are telling you to try, because the solution lives in the things we afraid to face.

      In the end it doesn't matter how you do it unless you are not making money and not keeping an account safe. Trading should be simple, but it needs many time for creating experience. Start with small lot and trade every set-up, you have a better edge trading safe.


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    17. #4449
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      Quote Originally Posted by Junior1994 View Post
      It is all about the wrong concept of trading. Newbies come into the market like me and all they can think about is that they want to make fast amount of money from the business. Well,it will not take no trader far. I know we have to take big risk to win big, but some times we are just taking foolish risk and hurting our selves.
      The proper way of doing things in the trading environment should be to first gain the knowledge and experience on a demo trading account over time, forget about making money for now, but concentrate on the ways through which you can start trading the right ways then when the skills are there making money becomes easy over time.
      Wisdom Is The Ability To Apply Knowledge And Experience To Any Given Situation.
      If you do not take control of your risks then you lose control of your trades


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    20. #4450
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      Quote Originally Posted by penuelophir View Post
      The proper way of doing things in the trading environment should be to first gain the knowledge and experience on a demo trading account over time, forget about making money for now, but concentrate on the ways through which you can start trading the right ways then when the skills are there making money becomes easy over time.
      Of a truth newbies need to acquit themselves with the demo trading for sometime before joining the real account trading but talking about gaining experience i want to say that the best experience starts when the trader begin to trade with his real money because demo trading can only teach about developing trading strategy and the different tools used on the chart and so on, when it comes to emotion in trading it can only be measured on real account trading.


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