joseph1986
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recognizing yesterday has nothing to do with today
the hardest thing in trading is the risk assessment and if you master in this, no one ca stop you to win forex .
from Trader Dante's twitter
the hardest thing in trading is the risk assessment and if you master in this, no one ca stop you to win forex .
The hardest thing to do in Forex Trading is to control your patience and anger and greed, in short controlling your emotions would be a very difficult task.
Right. Emotions are inevitable part of life but one should try to avoid in trading as much as possible.Hardest thing to do is taking decisions based on your emotions.
There are actually three things I still have problems with in trading.
1. Not sticking with a good strategy consistently. If it works, I try to improve it, then it doesn't work so well and I end up abandoning it and going for a new strategy in a totally different style. I should just stick with what I'm good at and what works.
2. Over-confidence. If a strategy works well, I increase risk too far too fast. A normal run of losers then sends me back to Point 1.
3. When to get out. Maybe knowing when to close a winning position just doesn't have a right answer........
Can relate to all 3.There are actually three things I still have problems with in trading.
1. Not sticking with a good strategy consistently. If it works, I try to improve it, then it doesn't work so well and I end up abandoning it and going for a new strategy in a totally different style. I should just stick with what I'm good at and what works.
2. Over-confidence. If a strategy works well, I increase risk too far too fast. A normal run of losers then sends me back to Point 1.
3. When to get out. Maybe knowing when to close a winning position just doesn't have a right answer........
That's right; very difficult to do that.Hardest thing to do, is leave emotion at the door.
Be mechanical and follow you trading plan