Time for tough measures

Well after two days of plus, on the third day I broke again and did something stupid. There are some new problems in trading : I do by 50-90 cents in a trade and close it to zero I strongly believe in individual trades and put everything on the line I don’t move my stop at no loss Started trading reversals, my trading strategy almost completely excludes them. I am looking for some new sensations and adventures. I do not follow the trading system , Risk management

Trading & Gambling. What's the difference??

I grew up in a small town near Las Vegas.. One summer, a group of teach lei decided to work part-time in a casino while on vacation. Fun for fun, они объединили свои деньги, To view, what's going to happen, if they constantly play on a machine with one lot to the jackpot. They lost about a quarter of their money.. This story shows that, what we all know so. Non-professional players will never be able to leave the casino, even with a zero balance. Free alcoholic drinks, entertainment, lounges are the only goal for non-professionals, who come to the casino to relax and lose money. The casinos are arranged like this, that the probability is always in their favor. Everything, what they need to do is wait, let people play and stuff their safes with cash. Playing casinos can be fun, if you know, how to limit your losses, and when to finish the game. If you don't manage risks, trade without a reliable trading plan and trading strategy, trading is an activity similar to playing in a casino for the sake of relaxation.

Never give up!

"People tend to be wrong" – how many times have you heard this phrase, or did they say it themselves??? I am sure, not once or ten times))) Mistakes are easy, and the most interesting, almost always instantly. Didn't have time to yawn, and the new mistake is right there - regardless of the type and type of your activity ... Some quickly give up, blaming everyone and […]

All about everything

Current…  ♠ Personal: What to hide… I'll be honest: I had enough for 3 of the day ))))) On Thursday and Friday, the rules went to hell and torgo.…

Money elephant

I saw part of advertising with money from the elephant notes and decided to do this yourself. Found 2 options. The first heavy, the second is easier.

Day trading for 20 October

SICK : Stryker Corporation Sector: Healthcare > Industry: Medical Equipment and Supplies The dumbest deal was at SYK . I caught a reversal and already made 50С for the whole position, but in the end he sat out and went to zero. After some time, it is not clear why I bought it again and went out to the very bottom of the candle. Instead of profit, made a minus to myself.

Money Elephant

I often saw an advertisement with a money elephant from banknotes and decided to make one for myself.. Денежный слона должен быть повернут в сторону двери. Если слон будет наоборот смотреть в сторону квартиры, and tail to the door, then he will be able to attract good luck and money to the house. Талисман слона, standing to the southeast, станет сильным денежным талисманом, the key to the stability and prosperity of the whole family. Found 2 Options . First heavy, the second is simpler.

Scary tale

This morning we heard, like out of the woods – frightening the barn owl, British bears crawling out.
Since they walked from the north, then the barn owl ran south… fleeing these terrible monsters, well, we are with her.

What is the difference between a statistical drawdown and a psychological one??

Have you ever had a time getting into a situation?, when losing trades follow one another? You suddenly start to panic., and think, that it never ends? But how strong is this drawdown? Maybe, you just panic for no reason? Maybe, you turn statistical drawdown, which can always happen, into the psychological, what not to do? Statistical drawdowns need to be predicted. If you are using a reliable trading system, then the law of large numbers is on your side. From the point of view of statistics, there is nothing to worry about in a series of losing trades.. Since a large number of trades gives you a statistical probability of making a total profit. It's okay, to get a series of losses. It's just a matter of probability. If you don't take it personally, and just keep on lying to the system (managing risks), sooner or later everything will change, and the system will return to profitability. However, some traders turn statistical drawdowns into psychological ones.. They indulge in despair and pessimism., start thinking about failure. And thoughts have the ability to materialize. Reality can change, if you think, that ended up in a financial hole. Psychological drawdown is able to make you think, that you are stumped.

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