|
So let me get this straight
First day live trading:
1- You trade in a unsafe market because you're desperate to take a trade. Newbie Mistake only trade when theres trades to be taken!
2- You break one of your rules and trade more than one pair. Newbie Mistake DO NOT BREAK YOUR RULES ON A WHIM!
3- Your somehow let yourself lose almost 900 pips Newbie Mistake STOP LOSSES? MONEY MANAGEMENT?
You are not ready to trade live..
You need to attempt to learn a trading method and demo trade it for a little while first. You should read a little too, you're making so many newbie mistake its not funny. You should implement some money management I am guessing you do not have money management since you lost near 900 pips.
- Do you have a trading method?
- How long have you spent learning how to trade your method?
- Do you have at least a basic understanding of the three main concepts of trading S+R lines, candle patterns and price action?
__________________
"Invincibility is a matter of defense, vulnerability is a matter of attack"
Master Sun Tzu
Last edited by NickB : 09-09-2008 at 12:54 PM.
|