Recent content by 77sigmatrading

First of all it's a great post, the answer to this question is paramount to us when we are taking on board new traders. We think that if each trader knows himself he will be able to find the underlying instrument that best suit his/her own personality. A trader, like a soldier must understand...

Cornixforex made the point, loving your losses as much as your winning trades implied to treat them equally on an emotional stand point.

It just depends on the way you trade for scapling you usually do not pile up, for instance you will close one contract at 2/3 ticks so to pay for comms and then you will keep the rest for the the move up to the target. You need to find the number of contracts you feel comfortable with. And in an...

hi Intenso, what hgh said it's absolutely right. If i can add something I have to say you should focus more on the process other than the results at the beginning.

thank you. I hope the message was clear. My idea is to share with you what i have learned in working for a decade in the industry

I agree with you cornixforex, Sometimes you do not accept the loss to not admit you are wrong and trying to avid them you make them bigger. If in some way as a trader we are able to accept them we will treat each trade as one in a series not just the one trade. I hope this post can help people...

first of all i wanna thank you all to participate in the discussion, and I agree with you, but let me ask you something.. What will write down, if someone will ask you what you think a tick away from your stop (mental or market)?

I surely will have a look at your blog Nigel, and i truly appreciate your comment. If we all learn how to treat them we will be better of in our trading. If we wanna make a living out of it.

Thank you Nigel, this was exactly the purpose of the thread, each of us has a different perception about his/her losses, and sharing our self assessment . The use of the word LOVE was used to indicate a state completely different from the anger that usually arises. Being unemotional is the goal...

I perfectly understand you :)

Just to keep the thread educational if you feel why don't you write down what do you feel when the market is just 1/2 ticks from your stop loss?

Researching and learning is everything, you make your luck. For sure Tudor Jones, and a lot of other traders are better than myself, i was sharing with you what I have learned in more than a decade working in the industry. Each one of us has his/her own view and what works for me cannot work for...

Lacky you mate. :D

You are perfectly right, but one thing is volatility and one thing is gambling, with triple witching and greek election on friday the trades were a low probability ones. Because investors were placing bet on european outcome, in that case you would have been better off betting with william hill...

Thank you for the question, my point is that in a sound plan, each one of us must specify what conditions have to be met to not trade. Ie trading the friday before the Greece election weekend was just betting, which is different from trading. It was a post made to let people think about their...