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DAY 17 - MISSING A TRADE

alifari 更新17 8月  在 #Trader's blog #Missing #Trade
"Don't be afraid of losing, be afraid of playing a game and not learning something" (Dan Heisman)

Stop Getting Frustrated on Missing a Trade
As a forex trader, one of the most frustrating feeling occur when you have planned your entry, stop loss and take profit and placed a limit order and price slowly approaching your entry point and suddenly it reverse and continue to march along in direction of your planned take profit and eventually hit it and you sit and wonder, if only my order was couple…
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DAY 8 - MISSING OUT ON A MOVE

alifari 8 7月的订阅  在 #Trader's blog #Trend #Missing #Volatility #Move
In last few weeks there is high volatility in currency market and when we see such large moves we fear of missing out a trade.
"Get really impatient when price is trending and I'm afraid of missing out on a move"

That statement right there is a big one.
A quick baseball analogy. Two hitters. One goes up to bat - swings at everything that is thrown him, regardless of whether or not the pitches are hit-able. He may get 'lucky' from time to time and get a hit, but more likely he's going to stri…
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DAY 10 - Stop Getting Frustrated on Missing a Trade

alifari 10 8月的订阅  在 #Trader's blog #Missing #Trade #Frustrated
As a forex trader, one of the most frustrating feeling occur when you have planned your entry, stop loss and take profit and placed a limit order and price slowly approaching your entry point and suddenly it reverse and continue to march along in direction of your planned take profit and eventually hit it and you sit and wonder, if only my order was couple of pips below/above, it would have been a super trade. Sometimes, I think missing out on a trade hurts more than a losing trade.
While some t…
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