New To TRADING knowing nothing lost around $2k

sold

Newbie
8 0
what should i know ,what should i learn,what do you suggest ,those 3-4 days i lost around $2k because i have no knowledge at all,where i should start?
thanks.
 

fibo_trader

Senior member
2,399 44


Great. Now post the chart where you did your analysis and your reasons for taking the trades. If FA, let me know either way.
 

sold

Newbie
8 0
Great. Now post the chart where you did your analysis and your reasons for taking the trades. If FA, let me know either way.
i didnt chart ,whats FA?
 

fibo_trader

Senior member
2,399 44
Your reasoning is what I am after.


Hidden deeeeeeeeep in that reasoning in the deepest recesses of your mind is the demon circuit that is tripping you up. It will destroy you if it goes undiscovered. You are now out of CONFUSION CONDITION as you have made contact with Fibo. That is the formula for this condition ................... find a rung and hold on tight. The CONFUSION dissolves as the stable datum is held on to.

Next is TRAITOR to yourself. Give me the juice, then we find the demon circuit
 

fibo_trader

Senior member
2,399 44
Once I get you thru' the ENEMY condition which is a tad higher up, you will find yourself in Non-Existence, a happy place to be becasue from there you start on a clean slate, all effluent baggage gone, you will travel light and have a spring in your step, a slim engine you will be.

Then the fight begins .................. after realizing you are a careless old man - but you've been given a shot at the title




 

sold

Newbie
8 0
FA = Fundamental Analysis

TA = Technical Analysis.

OK, so you didn't chart. But you must have had some good reason for your entries? Your reasoning is what I am after.
because gold price was high and i thought it will go down
 

fibo_trader

Senior member
2,399 44
because gold price was high and i thought it will go down


OK fair enough. So there is no TA or FA. Great! Then its very simple to solve your dilemma. Easy as pie.

You're trading off the seat off your pants. So, on the next trade, if you think it will go up, SELL, if you think it will go down, Buy.

Your trading rule: "go against my natural instincts"
 
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