joseph1986
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recognizing yesterday has nothing to do with today
What's the hardest thing to do?
- Thread starter brewski1984
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mitra sharma
Newbie
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the hardest thing in trading is the risk assessment and if you master in this, no one ca stop you to win forex .
Mastering the trading business requires experience which comes with the passage of time so we need to observe patience and consistency as well in order to become a successful trader.
NVP
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from Trader Dante's twitter
thats a decent chart - thanks
I corresponded a lot with TD back in the day ........
TD is a superb practitioner of the original James16 forum
N
NVP
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dermotobrien
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Agree! It's all about being emotionally disciplined
drjack1939
Newbie
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Finding a good EA that is profitable!
Most have been tampered with and there is a problem as to if it follows the system it is coded to run!
Been at it for over 5 years!
Most have been tampered with and there is a problem as to if it follows the system it is coded to run!
Been at it for over 5 years!
brewski1984
Senior member
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5 years and you're still looking!!!! I hope you haven't paid for any of them
Hudson Jack
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Hardest thing to do is taking decisions based on your emotions.
James turtle
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Right. Emotions are inevitable part of life but one should try to avoid in trading as much as possible.
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........
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........
tokyojoe
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trendie
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Can relate to all 3.
1: Once you have a good idea, stick with it. If you do look to improve it and it fails, it's the "improvement" that has failed, not the original idea.
I treat my methods like software, if a new patch doesn't take, you go back an iteration to the point when it did, and start again. Hope the software development analogy makes sense.
2: Same with staking. Stake the "normal", and any over confidence is a separate stake. Then you have two distinct aspects, hopefully, you will distinguish the two, and realise your mistake is the excessive extra staking, not the basic trading idea.
3: I have no answer to this, other than two lots. One is to grab a fixed amount, and the other as a runner. My data on this is inconclusive! (take with pinch of salt)
Overall, you could treat trading as a never ending research project.
There is no specific one answer. It's a continuous development.
That's right; very difficult to do that.
