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    Thread: FlyingShark's trading journal

    1. #51
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      Quote Originally Posted by FlyingShark View Post
      My advice for every trader who haven't got a strategy yet is to create one and start setting goals. You can find many systems that can create wealth and start working with, it is a matter of will, if you have it you can make it. This is what I do, I choose the best money making system for trading and I focus only on that. I think how to make things better when things start to go wrong, but we should never get out of our plans in any way.
      Being a Forex Trader is very challenging and one difficult hurdles we can find very hard to overcome is that which has to do with having a personal system, the problem some traders have is just this, they are not confident because they feel that not having a strategy makes them failures automatically and this is purely a mindset affair.

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    2. The following 3 users say Thank You to Leonvic90 for this useful post.

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    3. #52
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      Quote Originally Posted by Leonvic90 View Post
      Being a Forex Trader is very challenging and one difficult hurdles we can find very hard to overcome is that which has to do with having a personal system, the problem some traders have is just this, they are not confident because they feel that not having a strategy makes them failures automatically and this is purely a mindset affair.
      Yes mate, I have traded for a long time and I cannot boast of having my system, until one day I got angry and decided to study how Ichimoku works, today I can say that I have a guide and I know that improvements is necessary, I cannot depend upon just one method of trading, diversification is necessary.
      Check Out My Journal My Ichimoku+200 EMA Strategy

      Jesus Loves You;Jesus Saves!

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    5. #53
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      Until now this week from Monday was good, managed to recover my drawdown in one of my trade using strict risk management, won another one trade and overall my only considerations was pure technical and emotional. I now have only one open trade and try to think positive, but there are many destructions that keep me in a loose situation with my targets, example, exit before my position develops. Forget that! Tip here? Well I can stop thinking my trade, set a take profit and close my computer, but I should monitor from close the price developments and act accordingly, so I should at least set alarms in different prices on chart, where I think that a change will come to keep me updated and relax.

      For any problem there is a solution and if, you try some to solve the puzzle and just make a start, then the answer will follow easier.

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    6. #54
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      Quote Originally Posted by FlyingShark View Post
      Until now this week from Monday was good, managed to recover my drawdown in one of my trade using strict risk management, won another one trade and overall my only considerations was pure technical and emotional. I now have only one open trade and try to think positive, but there are many destructions that keep me in a loose situation with my targets, example, exit before my position develops. Forget that! Tip here? Well I can stop thinking my trade, set a take profit and close my computer, but I should monitor from close the price developments and act accordingly, so I should at least set alarms in different prices on chart, where I think that a change will come to keep me updated and relax.

      For any problem there is a solution and if, you try some to solve the puzzle and just make a start, then the answer will follow easier.
      Speaking or which I should remind us that non farm payroll is tomorrow, but I think I am wrong because last week Friday was the first one in the month and it ought to have taken place, maybe you can use the set and forget trading and be relaxed, Heheheheh I will never dare that except my trade has been moved to break even where I have absolutely nothing to lose.
      Check Out My Journal My Ichimoku+200 EMA Strategy

      Jesus Loves You;Jesus Saves!

      Thanks  

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    8. #55
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      Good note on account and I would liking it to good money management which is normally behind success achieved by forex traders in forex trading business, this is based on the fact that no matter how good you are or your trading system without good management sustainable progress cannot be made in forex

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    10. #56
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      Quote Originally Posted by maximum View Post
      Good note on account and I would liking it to good money management which is normally behind success achieved by forex traders in forex trading business, this is based on the fact that no matter how good you are or your trading system without good management sustainable progress cannot be made in forex
      Yes my friend, the success of any traders might not really be the hard-work that most trader are talking about, it is the smart work that makes traders to be successful. If traders are smarts, they will make sure that they are handling the market in the best possible way, and such trader will have good trading system and management, that is what will make a trader to do well in the market. Don't forget, the smart work comes with training until the trader is experienced.

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    11. #57
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      Quote Originally Posted by Leonvic90 View Post
      Being a Forex Trader is very challenging and one difficult hurdles we can find very hard to overcome is that which has to do with having a personal system, the problem some traders have is just this, they are not confident because they feel that not having a strategy makes them failures automatically and this is purely a mindset affair.
      Development of a system proves to be one task many traders run away from due to it's difficulties, we can achieve this once we are determined!
      Quote Originally Posted by ajagbeolegba View Post
      Yes my friend, the success of any traders might not really be the hard-work that most trader are talking about, it is the smart work that makes traders to be successful. If traders are smarts, they will make sure that they are handling the market in the best possible way, and such trader will have good trading system and management, that is what will make a trader to do well in the market. Don't forget, the smart work comes with training until the trader is experienced.
      Hard work is ultimately going to be supported by smart work, let us not also try and confuse smart work with laziness, there could be a little boundary separating them. Trading is already too much work on its own.

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    13. #58
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      Quote Originally Posted by adewale View Post
      Speaking or which I should remind us that non farm payroll is tomorrow, but I think I am wrong because last week Friday was the first one in the month and it ought to have taken place, maybe you can use the set and forget trading and be relaxed, Heheheheh I will never dare that except my trade has been moved to break even where I have absolutely nothing to lose.
      I wonder why it takes place tomorrow, I prefer it would have ended, I hate the NFP day, but it can give a nice hint of what the future of USD this Month could be, of-course it is a greatest thing to worry for the next week and this is no other than the FED decision to raise rates.

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    15. #59
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      Quote Originally Posted by ajagbeolegba View Post
      Yes my friend, the success of any traders might not really be the hard-work that most trader are talking about, it is the smart work that makes traders to be successful. If traders are smarts, they will make sure that they are handling the market in the best possible way, and such trader will have good trading system and management, that is what will make a trader to do well in the market. Don't forget, the smart work comes with training until the trader is experienced.
      The first thing that comes to my mind is that, what's hard work and what's smart work? Hard work is when we r are deducting our time and energy into learning and analyzing the forex market and also practicing, but smart work is when we execute what we have learnt or practice about in a smart way. Which the two are both very important

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    17. #60
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      Quote Originally Posted by FlyingShark View Post
      Until now this week from Monday was good, managed to recover my drawdown in one of my trade using strict risk management, won another one trade and overall my only considerations was pure technical and emotional. I now have only one open trade and try to think positive, but there are many destructions that keep me in a loose situation with my targets, example, exit before my position develops. Forget that! Tip here? Well I can stop thinking my trade, set a take profit and close my computer, but I should monitor from close the price developments and act accordingly, so I should at least set alarms in different prices on chart, where I think that a change will come to keep me updated and relax.

      For any problem there is a solution and if, you try some to solve the puzzle and just make a start, then the answer will follow easier.
      Hahaha, is my trade that is opened my girlfriend that I cannot stop thinking about one thing of several can be responsible for this here, the trader has used a lot size that keeps him or her perpetually glued to his computer and cannot stand the sight of seeing one pip move against him, closing his computer and taking a walk is like committing suicide in his account.

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