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I say continue what you are doing. I read that article before you posted it here on this thread. I actually printed it out and tacked it on my bulletin board along with some other jewels of trading. I consider myself between stage 5 and 6. I think the path you're on is the right path. It...

Got out of entire position at 623.40. Not willing to hold any longer. Move lower did not materialize in time frame I'm comfortable with.

I decreased my size. I took 50oz of my 100oz off the table with a nominal gain. I'm still holding short 50oz but don't feel as confident in the move right now.

I am also short spot gold. 50oz on Nov 3 at 624.50 and 50oz on Nov 6 at 625.70. Avg price 625.10 It is currently at 623.10. I currently have my take profit at 614.00 with a timed stop of 2 days. It looks good that it ended the NY session at the LOD on the daily charts. Expecting a...

3rd big loss after your balance reinstate --AR line of $3512.62 2006.10.26 17:33 buy 4.00 usdjpy 119.47 I run Metatrader 4 as well, which is where this log is self generated. I checked the date and time stamp of that trade and it is impossible for him to buy at 119.47. It never traded at...

Being a pro also requires a certain psychological mind set. The good news is that you can learn it, but this also takes time. Usually this takes a couple years to acheive so getting started on it sooner than later is a good idea. Maybe start with a book like Think and Grow Rich and then work...

Sounds like you are overleveraged. You probably need to trade 1/3 the size you're currently trading to sleep well and to avoid blowing out your account in less than 3 mos time.

I think that is a fine line that an experienced trader can spot but a newbie would not be able to. I'm not sure if you intended to use the word "hearing" instead of "listening" but you really did hit it right on the head. = ) "Hearing" in the English language implies more of a perception of...

Go traveling. Go and do something outside your comfort zone. Go and meet new people. Go volunteer at a big organization like the UN. Go to church. Go take up beginner's yoga. Or go take up beginner's kickboxing. Buy a new magazine. Allocate $500 dollars and find a charity to donate that...

Only your 7th day trading? You show a good attitude that you realize it's part of the learning curve. What you should do now is start being aware of why you are taking the trades that you do. So before you press your next buy or sell, ask yourself why you're going to press that button.

A great tongue in cheek remark. = )

The honest truth is 9 years and the journey's not yet complete. I started when I was 18 and of legal age to open an account. I'm now 27. Although it has been 9 years, it wasn't full time. So if you're doing this full time, I don't think you should use me as a measuring stick. = ) I went...

great article. I guess I'm at stage 5 since I gave my two weeks notice last week = )

Mrs has good advice and the things she says about waiting and trading with less leverage is the right thing to do. If you can swallow your pride, then do so. She is trying to save you from making some big mistakes but you know what? She and her husband have in all likelyhood made those...

As this user's first post, it is filled with wisdom. These words are the words of a trader who's seen a lot and knows what's the truth and what's just fluff. Great post! If you do not identify with what he has to say, then you haven't been in the market long enough.

Play World of Warcraft and 6.5hrs will fly by in no time. Alt tab out when you see a trade on your multiple monitors. www.worldofwarcraft.com

How tight are you thinking when you said very tight stops on EURUSD?

Thanks for the analysis. What you said brought to light what I've struggled with in the past, which was overleveraging. It appears that having a third party say it helps me realize that it is a component of my trading that still requires attention. Thanks again.

my exits are not rules either like 10 pips. If I get in long, then it is the point when I feel it has turned bearish is when I exit. My entry price doesn't matter b/c the market doesn't care when I got in. If I feel it's going to go down after being in a long, it's time to hit the close trade...

Thanks for the kudos. Now remember that this is only my first month with these results. The excel sheet is all on exits. You'll notice that Oanda codes them as Stop Loss, Take Profit, or Close Trade. If you really wanted to figure out my entries, you can figure it out because lot size...