$700 from $900. I had a major draw down but mainly from taking bad trades at work. Finally putting a stop to that. Had a realization that I need to be mentally focus 100% to trade well and at work it was not possible. Took the day off to trade and did well. Should start to see trading performance take off as long as I can keep my emotional control in check. Won't be able to trade often until I can quit my job. Mean time I'm just taking the paycheck and practicing.
I'm losing money and can't stop. How do you be patient?
- Thread starter jinxu
- Start date
Don't get me wrong, i go hard when my account was your size to, but lessen the risk as the account grows cause youll be back to margin call just as fast sadly.
Yeah. Most of big losses was because I didn't obey stops. I kept gambling that was in the right. As suspected I figure out the majority of emotional issue was due to poor sleep problems. Once I figured out that I could use meditation to help me sleep better, my trading performance has improved. Not every day is like that but I've noticed a trend on my bad sleep days correlated with my bad trading performance days.
Work, life, stress ruin my ability to think straight which is why i have periods where I don't lose and periods when i can't win.
Life sucks!
sobriety check...10 successful paper trades in a row without one fail and start again with real money ..one failure and start back at zero with canadian tire money eh
Paper trading is nothing at all like trading a live market. There is no reason not to trade a SMALL position on the SPY, QQQ, or IWM which will invoke all the emotions of real trading while containing losses to a much smaller amount. You may even be able to trade your account back up that way since you can layer in with smaller size. Us old timers scale down in losing periods. Besides, trading futures without a successful track record trading equities is like showing up to 40' pipeline to learn how to surf. When you trade an equity account up you have a solid skill set to give you a chance of making it trading the futures markets, it also gives you an edge since you are gambling with the houses money.
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Patience in trading forex is very important for all trader, not only in forex I think all business also required patience to get success
Certainly. Most folks though are predisposed to impatience and instantaneous gratification.
His capital has to be somewhere in the 10k+ to be making $700 per day consistently. $700 to 10k = 7% gain a day which is pretty impressive. GJ!
Otherwise, he is referring to his average return. In that case, without showing his biggest wins and losses it's hard to dertimine how much of that was based on consistency. I mean, hypothecally speaking he could've had a win/loss ratio of 10% but gained 1000% on that 10% which may still give him a high return. ( I doubt that's his case but maybe to a much lesser extent.)
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