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Old 09-09-2008, 12:51 PM
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NickB NickB is online now
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Join Date: Jul 2007
Location: Sydney, Australia
Posts: 1,853
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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?
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Last edited by NickB : 09-09-2008 at 12:54 PM.