HA-HA, I think I can hear what you're saying now about money management, and about my words.
But look, to be consistent in profit we must do a couple of things on a regular basis.
1 Follow our system or a trading approach with no excuse - to keep the statistics.
2 Not to be afraid to trade, when we see a signal.
2 Use our stop losses without any excuses, and no matter what you think:
- oh , the volatility is high, so the stop loss I will double in the amount of pips
- oh, the news are coming today, will use what the news will say without a stop loss at all
- I'm a bit late with the entry, will use a wider stop loss.
etc. etc. well, we all have been there, all of the professional traders, all of them.
thoughts, mistakes and other things :)
Guys, the journal you need for your statistics, of what works and what is not, and your work is to follow what works.
Basically, those who used limit orders have made some on Friday, those who used a proper stop loss probably even made some money back, but those who didn't use a proper money management are staying with hope over the weekend, and others are thinking, why did I do that.
Didn't want to be rude or something, just want to call everyone with a word DISCIPLINE!!!!
always think before!!!
But look, to be consistent in profit we must do a couple of things on a regular basis.
1 Follow our system or a trading approach with no excuse - to keep the statistics.
2 Not to be afraid to trade, when we see a signal.
2 Use our stop losses without any excuses, and no matter what you think:
- oh , the volatility is high, so the stop loss I will double in the amount of pips
- oh, the news are coming today, will use what the news will say without a stop loss at all
- I'm a bit late with the entry, will use a wider stop loss.
etc. etc. well, we all have been there, all of the professional traders, all of them.
thoughts, mistakes and other things :)
Guys, the journal you need for your statistics, of what works and what is not, and your work is to follow what works.
Basically, those who used limit orders have made some on Friday, those who used a proper stop loss probably even made some money back, but those who didn't use a proper money management are staying with hope over the weekend, and others are thinking, why did I do that.
Didn't want to be rude or something, just want to call everyone with a word DISCIPLINE!!!!
always think before!!!