How Difficult is it to Trade?

This is a discussion on How Difficult is it to Trade? within the New to Trade2Win forums, part of the Reception category; Originally Posted by piphoe Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that ...

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Old Aug 1, 2016, 12:24am   #113
Joined May 2016
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Originally Posted by piphoe View Post
Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that its 'learnable' at all. Not like becoming a doctor, accountant, a plumber or electrician. Nothing like da da da da da, memorize THIS and you know your stuff. Go make $ Nope.

Biggest problem I have in a trade is not the loosers, I know those. It's the WINNERS! Where do I get out?

I know what your saying, "that's a nice problem to have"?

Well,

Stay in too long give it all back. and then some is a real issue I struggle with.

got to know when to get out your winners as well your loosers!

got to know both sides of YOUR coin, fear & greed (loosres & winners)

they both tug at you all day everyday!

i overcome the fear part, working on the greed part.

Do you have something that tells you when to get out of a losing trade? If so, then why not something that tells you when to take profit?

Do you have a trading plan? If not, then this would help to make those profit taking decisions for you.
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Old Aug 1, 2016, 7:44am   #114
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Quote:
Originally Posted by piphoe View Post
Darn near impossible. The learning curve is brutal, hesitate to say even that because implies that its 'learnable' at all. Not like becoming a doctor, accountant, a plumber or electrician. Nothing like da da da da da, memorize THIS and you know your stuff. Go make $ Nope.

Biggest problem I have in a trade is not the loosers, I know those. It's the WINNERS! Where do I get out?

I know what your saying, "that's a nice problem to have"?

Well,

Stay in too long give it all back. and then some is a real issue I struggle with.

got to know when to get out your winners as well your loosers!

got to know both sides of YOUR coin, fear & greed (loosres & winners)

they both tug at you all day everyday!

i overcome the fear part, working on the greed part.
alongside the other comment in I would also look to split your contracts .................you can then peel out of a position as you make more and more profit.........50% of something is better than 100% of nothing if the trade spikes back on you

also take a look here re exits ........

http://www.trade2win.com/boards/fore...ex-market.html

N
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