Recent content by Cornix

Hello everyone, Everyone likes to talk about successes, but this time I ask you to share some stories of failures, pain and mistakes related to trading for one social project I started. It will surely help others and likely yourself too, because when we express something, we often find...

Wrote a piece on what trading psychology can and cannot help with in relation to trading business: I want to clarify a few points about when psychology is applicable for traders and when it is not, because realized I never mentioned it before. Psychology will NOT help if a trader doesn’t have...

Both decent money management rules and focus obviously needed. No lapses, even small lapses ever allowed in trading. It's a very competitive business.

Two points: 1) Make sure you possess good historical stats for your strategy. Most important: realistically know what draw-downs and losing streaks may happen. 2) If your current losing period is within the parameters of normal draw-down, think longer-term horizon instead of focus on single...

Stress tells you something is still wrong with your confidence. You should carefully analyze what's the possible cause of it: you don't trust your method or something else...

Yea, hence the importance of psychological skills: discipline and emotional control.

Positive expectancy is a holy grail. If you think of it: correctly executed long series of trades with positive expectancy results in 100% probability of profit. Isn't it what every trader wants? :)

Just keep the absolutely necessary minimum to trade on the account. With current day trading margins across many FCM's not much is needed. The rest/long term with solid companies like IB. Plus generally it's good idea to diversify assets outside of just financial industry.

I trade with Alpari UK since September and use their Money Manager facility since October as a MM. So far so good, cannot complain about anything after 30+ trades performed in various market conditions. Will update as more time passes and I get more real life experience on larger trading size...

Simply overcoming fear won't help. Fear tells you that you are not confident in your trading, which usually means you don't really believe you can make consistent profits using your current method. Now ask yourself: if you simply suppress your fear, are you 100% sure you will make consistent...

Applied to swing trading I believe term "trailing stop" means more adjusting it manually according to price action. Honestly I find "blind" automatic trailing stops quite useless anyway.

Heh... hope so, thanks! Turned out not so easy to set everything up, so many technical details it took over a month in total to get the solution which satisfies me now. :) Zulutrade did the neat move enabling Alpari UK soon after I complained it can't be attached so that now I am able to do...

If anyone reading this is following me live, I strongly recommend to switch to the new "Live" system, which is located here: ZuluTrade - Signal Provider Performance - Cornix Forex Live It's attached directly to one of my live accounts which I use to track record of trading OPM and thus there...

Definitely. Personally I would never use a broker with 3 pips EURUSD spread these days. We're not in 2005 anymore. :)

Just back to trading from a few changes in the infrastructure. Zulutrade SP account now attached to live account etc. Market is always good, it's me not always having enough time/focus. :)