not schooling you at all...I totally agree you are all better traders then me...just saying for me personally, would not waste my time of forex micro...for me, the only way to go is large, normal CME Globex currency contractsQuote from stock piker:
You couldn't scrap together two nickels and you're schooling us on CME contracts. You would need 5x your stake to comfortably trade a ONE LOT.
Quote from increasenow:
no Sir...just gonna leave this week behind and hit it fresh this monday morning...thanks for your interest though
Quote from increasenow:
lot of studying to do...got to hit it hard come this monday morning trading
honestly...YES and could not stand it...here is what I did...just came off a sweet +10 point SF profit right about lunch time...SO...should have just went to lunch but NO...had to jump in a TF trade when I thought it had another good leg down and POW...reversed up right away...that hit me hard!!...so yes, had a GREAT trading week until yesterday...pretty much wiped the weeks profits out. Learned a lot though...heading higherQuote from Fireplace:
did you wipe out a weeks worth of small profits with friday's losses?
1-agree, 'easy like Monday morning'...CommodoresQuote from NoDoji:
You got to take it easy come Monday morning.
Friday's losses have nothing to do with Monday's trades.
Think of the balance in your account as a brand new account that you're going to start trading Monday.
Then take everything you learned from your previous trading experience and use it to preserve the existing balance by cutting losers quickly and GROW the account by letting winners run at least twice as far as your initial stop loss placement.
If you think about what you had before the losses and feel you have to "get it back", you will lose more.
Quote from increasenow:
1-agree, 'easy like Monday morning'...Commodores![]()
2-YES, that is what is encouraging me in that 'fridays losses have nothing to do with mondays trades!!'
3-YES, thinking of it as a brand new account!
4-WOW...great insight on letting the winners run and cutting losers more quickly...thanks much!
...thanks NoDoji!..