First trade advice

[lee.belisar]

My first advice for your problem is don't never trade all your capital. SInce you can lose all them.

You are right. This is what an experienced trader advised me. He said it would be better if I started trading live with the smallest amount. Then just increase the value little by little as trading goes on. But this would depend to the result, he said.

 

[kimo'sabby]

Repeat process: Evaluate potential re-entry price (strategy criteria)

Note: The prices marked on the chart are 15875 and 15975

 

[kimo'sabby]

a little experience is ok, but the 10,000 hours is bloody ridiculous. I wont be bothering with 10k hrs, sod it.

Well, if I was to charge you per hour (your friendly neighbourhood coach and mentor), I'd want you to believe in the 10,000 hour nonsense.

 

[hungcable]

Well, if I was to charge you per hour (your friendly neighbourhood coach and mentor), I'd want you to believe in the 10,000 hour nonsense.

you and lone ranger wont do the brokeback mountain on me!!

 

[kimo'sabby]

Phase 2: Prices marked 15825 and 15925.

 

[kimo'sabby]

Phase 3 adjustment: Prices marked 15850 and 15925.

 

[kimo'sabby]

Phase 4 adjustment: Prices marked 15850 and 15950.

 

[kimo'sabby]

Initial buy order posted @ 15950.

 

[robertofx]

View attachment 168886

Initial buy order posted @ 15950.

Good one. Hope this will work for ya

 

[kimo'sabby]

Outright psychology: To fully understand the nature of the market (random, although occasionally similar), should in effect deem outright speculation a bizarre proposition.

 

[kimo'sabby]

Good one. Hope this will work for ya

Thanks. Although I'm not so keen on the idea of that particular order at the moment.

 

[kimo'sabby]

Filled @ 15950. What concerns me at this point is the amount of ground that the market has already covered from 15850 (is there enough momentum?)

 

[kimo'sabby]

View attachment 168902

Filled @ 15950. What concerns me at this point is the amount of ground that the market has already covered from 15850 (is there enough momentum?)

Underlying concerns realised. So basically it's back to square one - readjust perspective.

Prices marked: 15850 and 15975.

 

[kimo'sabby]

Note: I've maintained a bullish view of the market up until now...one must remember to keep an open mind.

 

[kimo'sabby]

Phase 2 adjustment: Prices marked 15800 and 15975.

 

[kimo'sabby]

Buy order posted @ 15900. Prices marked 15850 and 15975.

 

[lee.belisar]

Outright psychology: To fully understand the nature of the market (random, although occasionally similar), should in effect deem outright speculation a bizarre proposition.

Noted with big thanks. Thank you for sharing.

 

[kimo'sabby]

Noted with big thanks. Thank you for sharing.

You're welcome

 

[hungcable]

View attachment 168920

Buy order posted @ 15900. Prices marked 15850 and 15975.

I wuldnt bother with the day trade, not many get out with there pants on. Too many noise!:clover: